PTT raises Bt30bn to finance investment

 "PTT wants to offer an investment choice to the public. That's why we offer the bonds with the varity of maturities from 3 to 15 years. For the 15-year bonds, bond holders can decide for themselves in the 10th year if they want to hold the bonds for another five years," said PTT President and CEO Prasert Bunsumpun.

  The bonds offer the annual interest rate of 3.20-5.75 per cent. They will be available for subscription during July 27-30, through 11 financial houses - Bangkok Bank, Kasikornbank, Siam Commercial Bank, Bank of Ayudhya, CIMB (Thai) Bank, Standard Chartered Bank (Thai), Siam City Bank, TMB Bank, Tisco Bank and Thanachart Bank. Minimum subscription is Bt100,000.

 PTT wins the "AAA" rating from Fitch Ratings.

 PTT earlier raised Bt10 billion through a 15-year bond issue in February. The company has turned to the local bond market for funding, after the overseas borrowing window narrows due to the global financial crisis. It also clinched a Bt12 billion borrowing deal with Siam Commercial Bank.