PTT Global Chemical Public Company Limited, a leading player in integrated petrochemicals and chemicals, is gearing up to offer bonds to the general public as part of a public offering endeavor. This initiative aims to broaden the investor base and reinforce the company’s retail bondholder community. It will provide an opportunity for the general public to reserve and purchase bonds, with priority given to the elderly group, offering them the first right to reserve.
Dr. Kongkrapan Intarajang, CEO and President of PTT Global Chemical Public Company Limited (GC), unveiled plans for the issuance of unsubordinated, unsecured bonds with bondholder representatives. The offering, segmented into two periods, will commence with sales targeted at senior citizens between June 22nd and 23rd, 2022. Subsequently, between June 27th and 29th, 2022, the bonds will be made available to the general public, including senior citizens. Specifics regarding the rate of return and subscription details will be disclosed at a later stage.
These bonds present an additional avenue for the public to invest in stable companies committed to both financial growth and sustainability. GC is dedicated to leading the international plastics and chemicals sector by leveraging environmentally friendly innovations and cutting-edge technology to enhance the quality of life, encapsulated in the ethos of “GC Chemistry for Better Living.”
Furthermore, GC’s commitment to sustainability is evident through its top-ranking performance in the Dow Jones Sustainability Index (DJSI) for three consecutive years in the chemicals sector. The company has also set ambitious goals to reduce greenhouse gas emissions, reflecting its unwavering commitment to conducting business in line with sustainable development principles.
Dr. Kongkrapan expressed confidence in the bond’s reception among interested investors, highlighting collaboration with five leading financial institutions as distributors. The minimum subscription value for the bonds is set at 100,000 baht and can be increased in increments of 100,000 baht. During the subscription period for senior citizens, the subscription value is capped at 2 million baht per manager. However, there is no limit to the subscription value for individual investors during the general subscription cycle.
For further information, interested parties can refer to the prospectus for the bond offering on the Securities and Exchange Commission (SEC) website or contact the designated bond underwriters. Nevertheless, investors are advised to carefully assess product characteristics, return conditions, and risks before making investment decisions.
It’s important to note that the registration statement and draft prospectus are still pending approval from the SEC, and thus, information provided may be subject to change. Additionally, bond allocation is at the discretion of the underwriters, and distribution conditions are outlined in the draft prospectus.
