Mr. Auttapol Rerkpiboon, President and Chief Executive Officer of PTT Public Company Limited (PTT), revealed that PTT has filed the Registration Statement and the Draft Prospectus to offer Debt Securities under the Medium Term Note Program (MTN Program) in 2 series of bonds comprising of 3-year green bond with coupon rate of 2.25% p.a. and 7-year bond with coupon rate of 2.85% p.a. and currently, the filed Registration Statement and the Draft Prospectus are already effective.
These bonds have been assigned AAA (tha) by Fitch Ratings (Thailand) Limited on 14 April 2020, the highest quality for debt securities issued in Thailand.
PTT will give privilege to the holders of PTT bonds matured during 2016-2019 for an exclusive subscription right for the 7-year bonds on 20 July 2020 (Right checking will be available at PTT’s website during 8 - 20 July: https://pttdebenturegw.pttplc.com/bondrightchecking). The subscription period for general public will occur during 21 – 23 July 2020 for the 3-year green bond and the 7-year bond, as per details below:
Subscription Date 7Y Bond The holders of PTT bonds due (subscription amount is not exceeding 1 million baht/person/bank)
Subscription Date 21-23 July 2020 3Y Green Bond General public (subscription amount is not exceeding 1 million baht/person/bank) 7Y Bond General public
PTT has appointed Krung Thai Bank Public Company Limited, Bank of Ayudhya Public Company Limited, KASIKORNBANK Public Company Limited, and The Siam Commercial Bank Public Company Limited – as the joint lead managers for this transaction.
Mr. Auttapol added that the issuance of this bond is to reserve for future investment, working capital, and/or to refinance the maturing loans/bonds. The proceeds of the 3-year green bond are to finance and/or re-finance our environmental projects and this green bond can create the sustainability for Thailand which is one of our mission, i.e. the Reforestation Campaign in 'Reforestation project for ecosystem recovery and reduce global warming crisis’, and the learning centers under the PTT Reforestation and Ecosystem Institute. These projects can help CO2 absorption, expand forest areas, expand green areas in cities, including to improve the population’s quality of life according to the internationally accepted standards on green bond issuance. In this regard, PTT is the first company in Thailand to issue and offer green bonds to general public investors, enabling them to take part in environmental conservation. PTT is also the first company in the world to have been awarded with the Forest Conservation Project certification by the Climate Bonds Initiative (CBI), an independent international environmental organization promoting investments contributing to society and a low-carbon economy or the mitigation of greenhouse gas emissions.
“We are confident that PTT’s bonds will be received good feedback from the investors, particularly during this period that investors are seeking for high quality of investment securities with continuous growth story. PTT is committed to devoting itself to uplift the community, society, and environment. PTT conducts businesses based on good governance principles, aiming to attain sustainable development across its stakeholders. In addition, this series of bonds is considered as a high quality and low risk investment securities as reflected in the Fitch Ratings of AAA(tha), which is assigned to bond or debt securities issuers with the lowest probability of default, while also receiving a regular return throughout the bond tenor,” Mr. Auttapol said.
PTT Public Company Limited is Thailand’s largest premier multinational energy company. It conducts fully integrated oil and gas businesses under company itself and investment through PTT Group’s affiliates, focusing on adding value and leveraging businesses to ensure national energy security and prosperity for Thais under its business philosophy of “Sustainable Growth for All”.
In 2019, PTT was listed in the Dow Jones Sustainability Indices (DJSI) for the 8th consecutive year in the World Index and the Emerging Market Index, reflecting the organizations’ leadership in sustainability management on par with other leading companies. This DJSI award has illustrated the international recognition and the pride of Thailand.
For PTT’s bonds subscription, please visit www.sec.or.th for more detail and prospectus. Should you have inquiry please contact the joint lead managers.
Krung Thai Bank Public Company Limited Tel. 02-111-1111
Bank of Ayudhya Public Company Limited Tel. 1572
KASIKORNBANK Public Company Limited Tel. 02-888-8888 ext. 819
The Siam Commercial Bank Public Company Limited Tel. 02-777-6784
