PTT Global Chemical Public Company Limited, a prominent player in the integrated petrochemicals and chemicals industry, is gearing up to launch a public offering of bonds to broaden its investor base and fortify its retail bondholder community. This move aims to extend investment opportunities to the general public while prioritizing senior citizens, granting them the first right of reservation. By partnering with five leading financial institutions—Bangkok Bank, Krung Thai Bank, Bank of Ayudhya, Kasikorn Bank, and Siam Commercial Bank—GC ensures accessibility and credibility. Notably, the bonds hold a credit rating of “AA+(tha)” by Fitch Ratings (Thailand) as of May 10, 2022.
Dr. Kongkrapan Intarajang, CEO and President of PTT Global Chemical, disclosed that the company is set to offer unsubordinated, unsecured bonds with early redemption rights to bondholders. The offering will be divided into two periods, with the first period, slated for June 22-23, 2022, exclusively for senior citizens, while the second period, from June 27-29, 2022, will be open to the general public, including seniors. Details regarding returns and subscription terms will be finalized later.
These bonds present another avenue for the public to invest in a stable and sustainable enterprise. GC remains steadfast in its commitment to lead the international plastics and chemicals sector by leveraging eco-friendly innovations and advanced technology to enhance the quality of life, encapsulated in the ethos of “GC Chemistry for Better Living.”
GC’s dedication to sustainability is underscored by its consistent top-ranking performance in the Dow Jones Sustainability Index (DJSI) for three consecutive years in the chemicals sector. The company has also pledged to reduce greenhouse gas emissions by 20% by 2030 and achieve net-zero emissions by 2050, showcasing its unwavering commitment to sustainable business practices.
Dr. Kongkrapan expressed confidence in the bond’s reception among interested investors, citing the strong collaboration with reputable financial institutions as a testament to its appeal. The bonds will be available for subscription with a minimum value of 100,000 baht, extendable in increments of 100,000 baht. During the subscription period for seniors, each manager is limited to a subscription value not exceeding 2 million baht, while individual investors face no such restrictions. Interested parties can access further details in the prospectus available on the Securities and Exchange Commission (SEC) website or inquire through the designated bond underwriters.
Investors are cautioned to thoroughly assess product characteristics, return conditions, and risks before investing. Detailed information is available on the SEC website, and prospective investors should stay updated as the registration statement and draft prospectus are subject to change until finalized. Bond allocation is at the discretion of the underwriters, adhering to conditions specified in the draft prospectus.
