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Published on 8/10/2010 in the Prospect News Emerging Markets Daily, Prospect News High Yield Daily and Prospect News Liability Management Daily.

Thailand's PTT Aromatics repurchases $53.5 million of its 5½% notes

By Devika Patel

Knoxville, Tenn., Aug. 10 - PTT Aromatics and Refining PCL said it repurchased an additional $53.5 million of its 5½% notes due July 20, 2012.

As a result, there is $246.5 million of the bonds outstanding.

The company bought back $10 million of the notes on April 21, $4 million of notes on May 18 and $20 million of notes on June 30.

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


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