Post by account_dsabled on Jan 1, 2024 22:11:53 GMT -8
Mr. Wrat Uanarumt, Chef Executve Offcer and Presdent of Tha Ol Publc Company Lmted, revealed that "The company has been successful n ssung and offerng unsecured and unsubordnated Unted States dollar denomnated bonds recently. Total USD 565 mllon To brng money to support the company's nvestment. Especally the clean energy project or CFP s a strengthenng of the company's fnancal strength. Durng the current low nterest rate stuaton around the world and the uncertan global economy.” "The bonds are rated by Standard and Poor's and Moody's at BBB+ and Baa1 levels, respectvely, wth a maturty of 30 years and a fxed nterest rate of 3.50 percent per annum. They are consdered the lowest nterest rate bonds on record for Thaland's 30-year bonds t s also the bond wth the lowest nterest rate of a company wth a credt ratng of BBB (nvestment Grade) from the Asan regon n the past year.
After the sad Thaol bonds were offered to nsttutonal nvestors abroad. t ndustry Emal Lst has been very popular. wth reservatons reachng 1.5 bllon US dollars wthn 2 hours of beng offered for sale and has total reservatons of more than 3.7 bllon US dollars, or 6.5 tmes the set amount. The ssuance and offerng of such bonds are dstrbuted by ANZ Bank, BofA Merrll Lynch, Ctgroup (B&D), Standard Chartered Bank, BNP PARBAS, HSBC, wth the nterest rate (Prcng Date) set on 9 October 2019 and settlement wll be carred out. t was completed on October 17, 2019," Mr. Wrat added. “From the stuaton of the refnery and petrochemcal ndustry n Asa where there are many new refneres and petrochemcals openng. Meanwhle, the world economy tends to slow down. As a result, the demand for ol has decreased as well. However, the bond market stuaton and current nterest rates are low around the world. Long term nterest rates Reference to US government bond nterest rates. t s at the lowest level n 10 years, causng credt spreads for companes wth strong fnancal postons lke Tha Ol to be low. n addton, nvestors have a desre to nvest n long-term debt nstruments from Thaland. n the past, there were only a few companes from Thaland that ssued and offered US dollar bonds. Therefore, the company Therefore took advantage of ths opportunty to ssue and offer bonds. (Pre-Fundng) accordng to the Company's long-term fnancng strategy.
[mg]https://manchestermassage.net/wp-content/uploads/2023/12/ndustry-Emal-Lst.bmp[/mg]
To support varous nvestment projects Especally clean energy projects through the Global Medum Term Note (GMTN) program, whch s a preparaton program for fnancng that the company Preparatons are already underway. As a result, the company Can reach nvestors wdely and quckly, keepng up wth the fnancal market stuaton and fluctuatng nterest rates. and make the company Able to obtan funds through bond ssuance at record low costs. Tha Ol s the largest petroleum refnng and dstrbuton operator n Thaland. and s one of the most effcent refneres n the Asa Pacfc regon. whch was founded n 1961 wth the man busness beng petroleum refnng t currently has a producton capacty of 275,000 barrels per day. n addton, Thaol has a management system that s commtted to operatonal excellence, managed as a group wth busness connectons. Both the ol refnng busness Petrochemcal busness and lubrcant base ol busness By jontly plannng producton to create maxmum effcency and be able to produce products wth low costs. At the same tme, the qualty s at the level of a leadng refnery (Top quartle) n the Asa Pacfc regon. Ths gves an advantage n terms of producton costs. ncrease compettveness. n addton, there are varous related busnesses such as electrcty busness, solvent busness. Martme and ppelne transportaton management .
After the sad Thaol bonds were offered to nsttutonal nvestors abroad. t ndustry Emal Lst has been very popular. wth reservatons reachng 1.5 bllon US dollars wthn 2 hours of beng offered for sale and has total reservatons of more than 3.7 bllon US dollars, or 6.5 tmes the set amount. The ssuance and offerng of such bonds are dstrbuted by ANZ Bank, BofA Merrll Lynch, Ctgroup (B&D), Standard Chartered Bank, BNP PARBAS, HSBC, wth the nterest rate (Prcng Date) set on 9 October 2019 and settlement wll be carred out. t was completed on October 17, 2019," Mr. Wrat added. “From the stuaton of the refnery and petrochemcal ndustry n Asa where there are many new refneres and petrochemcals openng. Meanwhle, the world economy tends to slow down. As a result, the demand for ol has decreased as well. However, the bond market stuaton and current nterest rates are low around the world. Long term nterest rates Reference to US government bond nterest rates. t s at the lowest level n 10 years, causng credt spreads for companes wth strong fnancal postons lke Tha Ol to be low. n addton, nvestors have a desre to nvest n long-term debt nstruments from Thaland. n the past, there were only a few companes from Thaland that ssued and offered US dollar bonds. Therefore, the company Therefore took advantage of ths opportunty to ssue and offer bonds. (Pre-Fundng) accordng to the Company's long-term fnancng strategy.
[mg]https://manchestermassage.net/wp-content/uploads/2023/12/ndustry-Emal-Lst.bmp[/mg]
To support varous nvestment projects Especally clean energy projects through the Global Medum Term Note (GMTN) program, whch s a preparaton program for fnancng that the company Preparatons are already underway. As a result, the company Can reach nvestors wdely and quckly, keepng up wth the fnancal market stuaton and fluctuatng nterest rates. and make the company Able to obtan funds through bond ssuance at record low costs. Tha Ol s the largest petroleum refnng and dstrbuton operator n Thaland. and s one of the most effcent refneres n the Asa Pacfc regon. whch was founded n 1961 wth the man busness beng petroleum refnng t currently has a producton capacty of 275,000 barrels per day. n addton, Thaol has a management system that s commtted to operatonal excellence, managed as a group wth busness connectons. Both the ol refnng busness Petrochemcal busness and lubrcant base ol busness By jontly plannng producton to create maxmum effcency and be able to produce products wth low costs. At the same tme, the qualty s at the level of a leadng refnery (Top quartle) n the Asa Pacfc regon. Ths gves an advantage n terms of producton costs. ncrease compettveness. n addton, there are varous related busnesses such as electrcty busness, solvent busness. Martme and ppelne transportaton management .