Barcap brings PTTEP bond

Barclays Capital prices $700 million of 10-year bonds for Thailand's PTT Exploration and Production in a rare sole-led deal.

Barcap brings PTTEP bond

Thai oil company PTT Exploration and Production returned to the US dollar bond market on Tuesday night with a $700 million 10-year bond. Barclays Capital was the sole bookrunner.

The deal is one of the rare sole mandates out of Asia and probably generated some envy on the street. Rivals who pitched for the deal suggested that it was clinched on the back of a low 3bp fee, but one person familiar with the offering...

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