Investors buy PTTEP bond despite rating agency warnings

PTTEP closes a 30-year bond, the first out of Thailand since 2005.

Investors buy PTTEP bond despite rating agency warnings
PTTEP operates more than 40 projects around the world

Asia’s bond markets sprung back to life on Thursday after a two-week pause, with PTT Exploration Production PTTEP taking advantage of improved market conditions to price a $500 million 30-year bond the first 30-year deal out of Thailand since 2005.

PTTEP had held roadshows in May, but waited till Thursday to launch a deal. “It was a good day to launch. China cut rates, Spain had a successful government auction and there was an improvement...

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