PTT Global Chemical issues SEA’s largest perpetual notes
Consisting of two tranches, the notes are the first US dollar-denominated subordinated perpetual notes from the Thai issuer.
September 23, 2025
A pair of first-time issuers tapped the high-yield bond market on Wednesday, with warehouse and distribution centre operator ESR selling a $100 million unrated perpetual bond and the Republic of Maldives raising $200 million from a five-year note.
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