PTTEP bond

Investors buy PTTEP bond despite rating agency warnings

PTTEP closes a 30-year bond, the first out of Thailand since 2005.
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PTTEP operates more than 40 projects around the world
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<div style="text-align: left;"> PTTEP operates more than 40 projects around the world </div>

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 in the sentiment in Europe,” said one banker.

Due to the choppy markets, the leads Citi, Deutsche Bank, HSBC and UBS had secured a number of anchor investors ahead of...

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