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Thailand’s PTT Exploration talks perpetual dollar bonds at 5% area
By Aleesia Forni
Virginia Beach, June 11 – PTT Exploration and Production PCL (Baa3/BBB-/) set price talk for its planned dollar-denominated benchmark issue of perpetual bonds in the area of 5%, according to a market source.
BofA Merrill Lynch, Credit Suisse Securities, HSBC and J.P. Morgan Securities LLC are the bookrunners.
The bonds will be sold via Rule 144A and Regulation S.
PTTEP is a Bangkok-based energy and exploration company that is 65% owned by the government of Thailand.
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