Bangkok,29June2023 - PTTEP successfully issued a THB 1,500 million bond through the Digital Infrastructure (DIF) Web Portal, the fully digitalized platform aimed at enhancing efficiency and security in the bond issuance process. The achievement reflects the company's continued commitment in leveraging technology to strengthen the effectiveness of financial transactions, while supporting to the development of Thailand's capital markets towards digitalization.

Mr. Sumrid Sumneing, Executive Vice President, Finance and Accounting Group of PTT Exploration and Production Public Company Limited (PTTEP), revealed that PTTEP is 1 of the 4 first corporates in Thailand to issue a bond through the Web Portal under the Digital Infrastructure project (DIF Web Portal) initiated by the Securities and Exchange Commission (SEC). On May 10, 2023, PTTEP Treasury Center Company Limited, a subsidiary of PTTEP, issued a THB 1,500 million bond through the DIF Web Portal to institutional investors to be used as working capital. As an issuer, PTTEP began involvement in the project since early 2021 and participated in the development and testing of the platform with the SEC, an effort which culminated in the execution of bond issuance. The DIF Web Portal supports the bond issuance process in the primary market from bond filing, subscription, to post sales report submission with efficiency and security.

The issued THB 1,500 million bond is a 3-year senior bond with a bondholders' representative, fully guaranteed by PTTEP with 2.51% per annum interest. The bond was assigned "AAA", the highest possible credit rating for domestic bonds, by TRIS Rating on April 21, 2023, reflecting the company's robustness and financial stability.

"The digitalized issuance process offered by DIF Web Portal enhances the efficiency of PTTEP's bond issuance through centralization of key participants. The portal enables a convenient, fast, lean, and transparent bond issuance process. This involvement reflects the company's determination in leveraging technology to increase the efficiency of securities transactions and commitment to supporting advancement of Thailand's capital markets towards a digital ecosystem," Mr. Sumrid said.

In recent years, PTTEP successfully issued Asia's first fully digitalized corporate bond via wallet through the "Pao Tang" application in 2021 and subsequently, in 2022, issued a series of bonds by implementing ThaiBMA's E-Bookbuilding system to electronically survey investors' demand and determine final coupon rates.


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PTT Exploration & Production pcl published this content on 29 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 June 2023 05:36:08 UTC.