PTT sells Asia's longest US dollar bond, raises US$700m

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

THAILAND'S largest energy company PTT raised US$700 million from the sale of a 50-year bond in Asia's longest dollar corporate debt deal, and bankers believe the shift towards longer-dated tenors in the region will continue. Read more at The Business Times.

A debt capital markets banker who worked on the PTT deal, but could not be identified as he was not authorised to speak to media, said longer-dated corporate bonds could become more common in Asia.

"We are not jumping from 10-year deals to 50-year deals, we are moving there gradually and investors are becoming more receptive to longer-dated issuances."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines