PTT Global Chemical Public Company Limited (GC), a global leader in the chemical industry and the chemical flagship of PTT Group, has officially announced the interest rate for its Thai Baht-Subordinated Hybrid Debentures with the issuer’s right to early redemption (‘Subordinated Hybrid Debentures’) at 4.40% per annum for the first five years and six months. The public offering is expected to take place during 27-28 November and 1-3 December 2025, through 12 financial institutions.
Amid ongoing global economic uncertainties and a downward trend in interest rates since early 2025, GC believes that its Subordinated Hybrid Debentures present an attractive investment alternative for those seeking long-term, predictable returns. Offering higher yields than deposits and ordinary debentures, this issuance represents a strategic move to strengthen GC’s capital structure, support sustainable growth and advance its High Value-Low Carbon business development. This initiative further reinforces GC’s position as a global chemical industry leader. Additionally, GC intends to offer this bond issuance as a New Year gift to retail investors.
The interest rate for the Subordinated Hybrid Debentures is set at 4.40% per annum for the first five years and six months. The subscription period is expected to be 27-28 November and 1-3 December 2025. Investors may subscribe through 12 financial institutions, both at branches and via online platforms. Weekend subscription is available at some financial institutions, as specified in the offering section of GC’s draft prospectus.
Mr Thitipong Jurapornsiridee, Executive Vice President – Finance and Accounting at GC, stated: ‘This issuance not only represents part of our capital management and deleveraging programme, but also a significant step towards enhancing GC’s financial strength in preparation for our long-term growth. It supports our strategic direction in developing high-value, low-carbon businesses.’
GC was assigned a notional long-term credit rating of AA- (tha) with a ‘Stable’ outlook from Fitch Ratings (Thailand) on 8 April 2025. At the same time, GC’s Subordinated Hybrid Debentures received a credit rating of A (tha) on 7 July 2025 – the highest credit rating for this type of instrument in Thailand, reflecting GC’s financial stability and investor confidence. These Subordinated Hybrid Debentures will be accounted for as 100% equity in accounting and will receive 50% equity credit from all of GC’s credit rating agencies.
Mr Thitipong further added: ‘This issuance helps enhance GC’s capital structure flexibility, positioning us to stand ready to seize new opportunities when activity in the petrochemical industry turns around. GC continues to execute its deleveraging strategy through asset monetisation to improve liquidity and asset management efficiency. This issuance also plays a vital role in maintaining our credit rating, aligning with GC’s capital structure management plan to support future sustainable growth.’
For this issuance, retail investors can subscribe with a minimum amount of 100,000 baht and in additional multiples of 100,000 baht. The subscription period is 27-28 November and 1-3 December 2025, through 12 financial institutions acting as joint lead arrangers, including Bangkok Bank, CIMB Thai Bank, KASIKORNBANK, Krung Thai Bank, Siam Commercial Bank, Kiatnakin Phatra Securities, Asia Plus Securities, Bank of Ayudhya, Krungthai XSpring Securities, Maybank Securities (Thailand), TMBThanachart, and Yuanta Securities (Thailand). Online subscriptions during weekends are available at some arrangers.
Currently, GC is in the process of filing the registration statement and draft prospectus with the Securities and Exchange Commission (SEC), which are not yet effective. For more information, please contact the following 12 arrangers:
Bangkok Bank Public Company Limited: at all branches (except Micro Branches), call 1333, or subscribe online via the Bangkok Bank Mobile Banking application (for individuals only).
CIMB Thai Bank Public Company Limited: at all branches, or call 02-626-7777.
KASIKORNBANK Public Company Limited: retail investors can subscribe via the online channel (https://www.kasikornbank.com/kmyinvest); non-residents can subscribe at the head office and branches, or call 02-888-8888 (press 869).
Krung Thai Bank Public Company Limited: at all branches, or call 02-111-1111, or subscribe online via the Krungthai Next application through Money Connect by Krungthai (for individuals only).
The Siam Commercial Bank Public Company Limited: at all branches, or call 02-777-6784, or subscribe online via the SCB EASY application (for individuals only), including InnovestX Securities Co., Ltd. as a sales unit of The Siam Commercial Bank Public Company Limited.
Kiatnakin Phatra Securities Public Company Limited: including Kiatnakin Phatra Bank Public Company Limited as the sales unit, Tel. 02-165-5555. Individual investors may also subscribe online via the Dime! application.
Asia Plus Securities Company Limited: call 02-680-4004.
Bank of Ayudhya Public Company Limited: at all branches, or call 1572.
Krungthai XSpring Securities Company Limited: call 02-695-5555.
Maybank Securities (Thailand) Public Company Limited: call 02-658-5050.
TMBThanachart Bank Public Company Limited: at all branches, or call 1428 (press #4) – booking open only to institutional investors – and at Thanachart Securities Public Company Limited as a sales agent of TMBThanachart Bank Public Company Limited.
Yuanta Securities (Thailand) Company Limited: call 02-009-8351-56.
Note:
The registration statement and draft prospectus have not yet become effective, as they are under consideration by the Securities and Exchange Commission (SEC).
The allocation of the debentures is at the discretion of the arrangers as deemed appropriate.
Disclaimer:
Investments carry risks. Investors must study and understand the product characteristics, return conditions and associated risks before making an investment decision.
Investors can find more details in the information filing and draft prospectus at www.sec.or.th.