Thai Oil Public Company Limited Increases Maximum Amount for US Dollar-Denominated Notes Repurchase

Strategic Insights -

Thai Oil Public Company Limited has announced an increase in the maximum amount for the repurchase of its US dollar-denominated notes through a tender offer. The company has increased the maximum amount for the repurchase of the 4.875% Senior Unsecured Notes due 2043, issued by the company and Thaioil Treasury Center Company Limited, from USD 199.9 million to an aggregate amount of USD 300 million. The tender offer period will end on 25 September 2025, allowing investors to participate in the repurchase of these notes.

Key Takeaways:

  • Thai Oil Public Company Limited has increased the maximum amount for the repurchase of its US dollar-denominated notes by making a tender offer.
  • The increase applies to the 4.875% Senior Unsecured Notes due 2043, issued by the company and Thaioil Treasury Center Company Limited.
  • The maximum amount for the repurchase has been increased from USD 199.9 million to an aggregate amount of USD 300 million.
  • The tender offer period will end on 25 September 2025.
  • Investors will be able to participate in the repurchase of these notes during the tender offer period.
  • The repurchase of these notes is being made by the company through a tender offer.
  • The company has issued two sets of notes, one on 23 January 2013 and another on 11 April 2018, which will be subject to the repurchase.

Statistics:

  • The maximum amount for the repurchase of the US dollar-denominated notes has been increased from USD 199.9 million to USD 300 million.
  • The tender offer period will end on 25 September 2025.
  • The 4.875% Senior Unsecured Notes due 2043, issued by the company, were outstanding on 23 January 2013.
  • The 4.875% Senior Unsecured Notes due 2043, issued by Thaioil Treasury Center Company Limited, were outstanding on 11 April 2018.

Sources:

  • Thai Oil Public Company Limited (2025). Reference is made to the disclosure of Thai Oil Public Company Limited (the "Company") to the Stock Exchange of Thailand Ref. TBK 01/0561 dated 27 August 2025.