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

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...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES