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Published on 5/18/2010 in the Prospect News Emerging Markets Daily, Prospect News High Yield Daily and Prospect News Liability Management Daily.

Thailand's PTT Aromatics buys back another $4 million of 5½% notes

By Susanna Moon

Chicago, May 18 - PTT Aromatics and Refining PCL said it repurchased an additional $4 million of its 5½% notes due July 20, 2012.

As a result, there is $266.5 million of the bonds outstanding.

The company said on April 21 that it bought back $10 million of the notes.

The company said at the time that it planned to repurchase additional notes and had appointed Royal Bank of Scotland plc to buy up to $100 million of the debt on its behalf.

PTT Aromatics is a Bangkok-based aromatics refinery and a subsidiary of PTT PCL.


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