Deal Announcements

  • Weerawong C&P represented PTT in the tender for purchase of USD 350 million 5.875% Senior Notes due 2035 and USD 600 million 4.5% Senior Notes due 2042
  • Weerawong, Chinnavat & Partners Ltd. represented PTTPublic Company Limited (PTT) in the tender for purchase of USD 350million 5.875% Senior Notes due 2035 and USD 600 million 4.5% Senior Notes due2042 (“Existing Notes”) issued to foreign investors and the issuance andoffer to sell like-kind notes to the Existing Note holders. PTT conductedliquidity management by offering repurchase of the Existing Notes and providingfor PTT Treasury Center Company Limited, a subsidiary of PTT, to issue twoseries of new like-like kind notes. Payment under both newly-issued notes isguaranteed by PTT.  In aggregate, USD 245 million and USD 330 million ofthe principal amounts of the Existing Notes were tendered and accepted forpurchase and the same of principal amount of like-kind notes were issued. Thesettlement date for the transaction was 24 October 2019.

     

    The Weerawong C&P team included VeeranuchThammavaranucupt, Senior Partner, Patcharaporn Pootranon, Partner, JamesLawden, Senior Counsel and associates Veerakorn Samranweth and PitchayaKittiwittayakul.
     

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