PTT Global Chemical Public Company Limited (SET: PTTGC) has informed the Stock Exchange of Thailand that, on 10 September 2025, GC Treasury Center Company Limited (GCTC), a wholly owned subsidiary of the Company, has issued and offered unsecured and subordinated perpetual debentures to foreign investors in the total amount of US$1,100 million.
The debentures issued by GCTC are guaranteed by the company, and comprise of two tranches being
- US$600 million with a coupon rate 6.5% per annum for the first five years and three months from issue date.
- US$500 million with a coupon rate 7.125% per annum for the first ten years from issue date.
For the period thereafter, the distribution rate for the debentures shall be in accordance with the details stated under the relevant offering document. In addition, these debentures have been assigned a rating of Ba2 and BB by Moody’s and Fitch Ratings, respectively, and will be listed on the Singapore Exchange Securities Trading Limited (SGX-ST).
The proceeds from the debentures will be used for payment of the purchase price and accrued interests in respect of the tendered US dollar-denominated debentures issued by GCTC (referred to the Company’s disclosure no. 16-029/2025 on 10 September 2025) and for general corporate purposes, including, but not limited to, debt repayment and on-lending to entities within the group.
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