S&P rates Global Chemical notes BBB+

S&P said it assigned its BBB+ long-term issue rating to the proposed senior unsecured notes to be sold by GC Treasury Center Co. Ltd. GC Treasury is a wholly owned financial subsidiary of PTT Global Chemical PCL, which S&P rates BBB+. The notes will be sold under a global medium-term note program.

Global Chemical fully guarantees the program and the notes. The company will use the proceeds for general corporate purposes. The issuance amount under the notes and the program are capped at $556 million.

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