PTTEP sells landmark $1bn hybrid bond

The oil and gas company raised Thailand’s first perpetual note in eight years, defying concerns about the country’s political stability.
Yingluck Shinawatra
Yingluck Shinawatra

PTT Exploration & Production sold a $1 billion subordinated perpetual bond on Wednesday, overcoming political uncertainty that has plagued Thailand since it fell under martial law on May 20.

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