PTT launches pre-marketing

The Petroleum Authority of Thailand (PTT) will raise Bt25 billion ($559 million) at the mid point of an all new share offering.

Pre-marketing began yesterday Monday under the lead management of Credit Suisse First Boston, Lehman Brothers, Merrill Lynch Phatra and SCB Securities. The transaction comprises up to 30% of the company's enlarged share capital in the form of primary shares, with the addition of a a 15% greenshoe of secondary shares to be sold by the Thai government.

Pre-marketing will continue for two weeks and subject to positive feedback, roadshows will begin on October 29, for...

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