Thailand - Weerawong C&P Advised PTTEP Group In The Partial Tender For Purchase Of Usd 700 Million Senior Notes Issued By PTTEP Canada International Finance And The Issuance Of The Long Term Senior Notes By PTTEP Treasury Center.

Legal News & Analysis - Asia Pacific - Thailand - Capital Markets

13 February, 2020


Weerawong C&P advised PTT Exploration and Production Public Company Limited Group in the exercise of liability management. The transaction comprised (i) partial tender for purchase of USD 700 million senior notes  issued by PTTEP Canada International Finance Limited, and (ii)  the issuance of the long term senior notes by PTTEP Treasury Center Company Limited in an aggregate principal amount of USD 350 million with the fixed interest rate of 2.993% per annum and the maturity date of 15 January 2030 under the USD 3 billion Global Medium Term Notes Program. Payments under the Notes are  guaranteed by PTTEP. The settlement date for the transaction was 15 January 2020.


The Weerawong C&P team led by Veeranuch Thammavaranucupt, Senior Partner and Patcharaporn Pootranon, Partner included James Lawden, Senior Counsel and associates Veerakorn SamranwethPloypapas RatanarangsimantArisa Thaweepanyayot and Irene Ittisarnronnachai.