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
China’s state-owned chemical company Sinochem early Friday morning closed a $600 million perpetual, taking advantage of low rates to lock in funding for bonds that have no maturity. The deal offered the lowest coupon for a US dollar corporate hybrid from an Asian borrower.
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