Thai Oil's MTN programme assigned "Baa1"

TUESDAY, JUNE 30, 2015
Thai Oil's MTN programme assigned "Baa1"

Thai Oil's proposed medium term note (MTN) programme worth US$1 billion (approximately Bt33 billion) is assigned "Baa1" by Moody's Investors Service.

The proceeds from the notes to be issued will be used for general corporate purposes.
Thai Oil is 49.1 per cent owned by PTT which is in turn 51.1 per cent owned by the Thai government. Thai Oil is the leading integrated publicly listed refining and  petrochemical companies in Thailand. It operates the largest single-site refinery in the country with a nameplate capacity of 275,000 barrels per day (bpd).