PTT Global Chemical, or PTTGC, successfully offered two tranches of bonds with a combined value of 17 billion baht, comprising a 7-year tranche with a coupon of 2.65% per year worth 7.578 billion baht and a 10-year tranche with a coupon of 3.00% per year worth 9.422 billion baht. Both tranches received a credit rating of AA-(tha) from Fitch Ratings (Thailand). The company plans to use the proceeds from this bond issuance to replace cash that was set aside to repay debt. This fundraising is part of the debt-reduction plan that PTTGC has been pursuing continuously since 2023, having cut interest-bearing debt by more than 116 billion baht, bringing interest-bearing debt down to approximately 149 billion baht as of June 2026. Meanwhile, on August 24, 2026, S&P Global Ratings revised its outlook on PTTGC's credit rating from Negative to Positive, reflecting a more favorable view of the company's financial position. The company will use this strength to expand its Specialty business as well as its Green & Bio operations, aiming to upgrade its portfolio toward high-value products and low-carbon businesses over the long term.
PTT Global Chemical Public Company LimitedPTTGC raised 17 billion baht in bonds and had its S&P outlook revised to Positive as part of its debt-reduction plan.
S&P Global Inc