GC announces the success of its first THB 17 billion subordinated hybrid debentures issuance, the largest subordinated hybrid debentures transaction in Thailand

Mr. Titipong Julapornsiridi, Executive Vice President - Finance and Accounting of PTT Global Chemical Public Company Limited (GC), revealed that today GC has achieved its remarkable milestone from the first subordinated hybrid debentures issuance amounting THB 17 billion, the largest subordinated hybrid debentures transaction in Thailand. Moreover, the subordinated hybrid debentures have been assigned the highest credit rating among such debentures in Thailand. GC's subordinated hybrid debentures have a fixed interest rate of 5.25% per annum for the first 5 years and 6 months, with interest paid semi-annually throughout the term. The subordinated hybrid debentures were offered to the retail investors (Public Offering) during December 4-12, 2024, through 12 financial institutions with strong demand highlighting the confidence investors have in GC's and PTT Group's business.

Furthermore, Joint Lead Underwriters revealed that GC subordinated hybrid debentures meet investors' requirement who seek to invest in financially stable companies with sustainable business operations and satisfactory returns compared with a high credit rating. The subordinated hybrid debentures are rated "A+(tha)" while the Company are rated at "AA(tha)" with "Stable" outlook by Fitch Ratings (Thailand).

"GC extends its sincere thanks to all investors for their trust and continued support in our subordinated hybrid debentures and we hope that our subordinated hybrid debentures will be a valuable New Year's gift that GC and PTT Group give to all investors. GC also appreciates the efforts of the 12 Joint Lead Underwriters, including Bangkok Bank, CIMB Thai Bank, KASIKORNBANK, Kiatnakin Phatra Securities, Krungthai Bank, Siam Commercial Bank, Asia Plus Securities, Bank of Ayudhya, Krungthai XSpring Securities, Maybank Securities (Thailand), TMBThanachart Bank, and Yuanta Securities (Thailand) whose contributions made this offering a great success. Looking ahead, GC will use the proceeds from these subordinated hybrid debentures to repay its existing debts to enhance flexibility and strengthen GC's capital structure, support business growth, and sustain the company's future development "To be a Leading Global Chemical Company for Better Living" (#NextStepwithSustainableGrowth)". said Mr. Titipong

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