PTT begins pre-marketing

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

Jackie Horne

October 15, 2001

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 15% greenshoe of secondary shares to be sold by the Thai government.

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