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PTT mulls $4 bn forward contracts

PTT is considering buying more forward contracts for the US$4 billion (Bt134.8 billion) loans, to lock in the investment cost at times of strong baht.

PTT Senior Executive Vice President Pichai Chunhavajira said on Friday "We're also considering if we should buy more dollar for future debt repayment," he said, adding that PTT is also assessing the value of its long-term dollar-denominated debt burden as well as dollar-denominated bonds.

He said that the forward contracts would help stem the baht appreciation against US dollar. Meanwhile, it would benefit PTT's business financially.

- The Nation

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PTT mulls $4 bn forward contracts

PTT is considering buying more forward contracts for the US$4 billion (Bt134.8 billion) loans, to lock in the investment cost at times of strong baht.

OTHER BUSINESS

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