Key highlights
- PTT Global Chemical issued USD-denominated subordinated hybrid debentures totaling USD 1.1 billion in two tranches: 5.25-year and 10-year.
- The offering drew order books approximately eight times the issue size.
- The transaction won IFR Asia's 2025 Thailand Capital Markets Deal award.
Award
PTT Global Chemical received the Thailand Capital Markets Deal award at the IFR Asia Awards 2025, presented by International Financing Review Asia (IFR Asia) under the London Stock Exchange Group.
Transaction
The award recognized GC's issuance of USD-denominated subordinated hybrid debentures totaling USD 1.1 billion across 5.25- and 10-year tranches.
Investor response
Demand was strong: order books reached approximately eight times the offering size, reflecting broad global investor participation.
Market significance
GC was the only Thai corporate recipient in 2025; the recognition highlights its capability to execute complex transactions and its access to international capital markets.
