Français
ItalianoBond Thai Oil 4.625% ( US88323AAC62 ) in USD
| Issuer | Thai Oil | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market price |  100 % ▲ |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Country |  Thailand
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ISIN code |
 US88323AAC62 ( in USD )
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest rate | 4.625% per year ( payment 2 times a year) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Maturity | 11/20/2028 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimal amount | 200 000 USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total amount | 400 000 000 USD | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cusip | 88323AAC6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Standard & Poor's ( S&P ) rating | BBB ( Lower medium grade - Investment-grade ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Moody's rating | Baa3 ( Lower medium grade - Investment-grade ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Next Coupon | 11/20/2026 ( In 25 days ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Detailed description |
Thai Oil PCL is a state-owned integrated energy company in Thailand involved in oil refining, petrochemical production, and oil exploration and production. This financial instrument analysis focuses on a specific bond offering by Thai Oil Public Company Limited, a prominent entity in the energy sector, highlighting its key characteristics and market standing. The issuer, Thai Oil, is Thailand's largest oil refinery and a flagship company within the PTT Group, the state-owned oil and gas conglomerate. Headquartered in Thailand, where this bond originates, the company operates a highly integrated refinery complex, producing a wide range of petroleum products including gasoline, jet fuel, diesel, and lubricants for both domestic and international markets, with operations also extending to power generation, aromatics, and lube base oil production, establishing it as a key player in the regional energy supply chain and contributing significantly to the Thai economy, underpinning its financial stability. The debt instrument under consideration is a bond identified by the ISIN US88323AAC62 and CUSIP 88323AAC6. Denominated in United States Dollars (USD), it carries a fixed annual interest rate of 4.625% and is slated to mature on November 20, 2028, with interest payments structured semi-annually, occurring twice per year. The total size of this particular issue amounts to 400,000,000 USD, with a minimum investment threshold set at 200,000 USD per purchase. Currently, the bond is trading at 100% of its par value on the market, indicating a stable valuation relative to its face value at the present time. Reflecting the issuer's creditworthiness and the bond's risk profile, the instrument has received investment-grade ratings from leading global credit rating agencies: Standard & Poor's (S&P) has assigned a 'BBB' rating, while Moody's has provided a 'Baa3' rating. Both ratings fall within the lower medium grade of investment quality, signifying that the issuer currently possesses adequate capacity to meet its financial commitments, though it may be more susceptible to adverse economic conditions than higher-rated issues. In summary, this Thai Oil bond, with its USD denomination, 4.625% coupon, and November 2028 maturity, alongside its investment-grade credit ratings from S&P (BBB) and Moody's (Baa3), represents a specific fixed-income opportunity rooted in Thailand's energy sector, available for acquisition at its par value in the current market, with semi-annual interest distributions. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||