GC Plans Bond Offering in Two Tranches, 7 and 10 Years

PTT Global Chemical Public Company Limited (GC), a leader in international chemical products and the core chemical business of the PTT Group, is preparing to issue and offer unsecured, unguaranteed bonds with bondholder representatives to the general public. The bonds will be divided into two series: a 7-year maturity bond and a 10-year maturity bond, with the issuer retaining the right to redeem early. Subscription is expected to open between September 14–21, 2026, through six major banks: Bangkok Bank, Krung Thai Bank, Bank of Ayudhya, Kasikornbank, Siam Commercial Bank, and CIMB Thai Bank. Priority subscription rights will be allocated to existing bondholders, senior citizens, and retail investors to broaden the investor base and support GC's long-term capital management plan.

The company plans to use the proceeds as working capital for operations and debt repayment to enhance financial flexibility and strengthen its financial structure, enabling it to weather energy price volatility amid global economic conditions and geopolitical factors. GC will maintain financial discipline while advancing toward high-value, low-carbon business segments to achieve sustainable long-term growth.

Titipong Julphornsiridi, Senior Executive Vice President of Finance and Accounting at GC, stated: "This bond issuance marks our return to unsecured, unguaranteed bonds with bondholder representatives for the first time in four years, following subordinated bonds with capital-like characteristics issued in 2024 and 2025, which received strong investor reception. This reflects investor confidence in GC's potential as the core chemical business of the PTT Group. GC remains committed to financial discipline and systematic capital management aligned with our Portfolio Transformation strategy, positioning the company for steady and sustainable growth in the high-value, low-carbon business segment."

The bonds being offered are unsecured, unguaranteed bonds with bondholder representatives, with the issuer retaining early redemption rights. They are divided into two series: Series 1, a 7-year maturity bond with an interest rate between 2.65–2.80% per annum, and Series 2, a 10-year maturity bond with an interest rate between 3.00–3.15% per annum. The company will announce final interest rates at a later date.

The company is opening the offering to diverse investor groups in three phases: Phase 1 (September 14–15, 2026) for existing PTTGC296A bondholders; Phase 2 (September 16–17, 2026) for senior citizens (individuals aged 60 or older, or turning 60 in 2026, meaning those born on or before December 31, 1909); and Phase 3 (September 18 and 21, 2026) for retail investors. Interested investors can subscribe through bank branches and online channels via the managing underwriters.

The managing underwriters added: "GC's return to issuing unsecured, unguarantee bonds after four years will grant existing PTTGC296A bondholders priority subscription rights in Phase 1. Phase 2 targets senior citizens, a group GC has consistently valued, offering them a meaningful investment option."