Krungthai Bank and PTT Exploration and Production Public Company Limited (PTTEP) have celebrated a historic joint success in the offering of PTTEP’s Digital USD Debenture via the Bond Wallet on the Paotang application. Marking the first initiative of its kind in Asia, the collaboration received an overwhelming response from investors, resulting in the entire USD 125 million offering being fully subscribed within just 1 minute and 46 seconds. This exceptional outcome strongly reflects investors’ deep confidence in PTTEP as a leading Thai energy company recognized for its robust stability and continuous growth potential.
In the wake of this achievement, both PTTEP and Krungthai Bank expressed their gratitude to investors for their immense response, which led to the rapid closure of the subscription. They emphasized that this milestone directly mirrors the profound trust that the public places in PTTEP’s standing as the nation’s premier energy firm.
Rawin Boonyanusasna, Head of the Global Markets Group at Krungthai Bank, revealed that this collaborative offering represents a major milestone in the evolution of Thailand’s digital investment landscape. By utilizing the familiar Paotang application, the partnership has successfully enabled Thai investors to access US dollar-denominated debentures with greater convenience. Furthermore, this initiative provides investors with an expanded avenue to diversify their investment portfolios into foreign-currency assets.
Coinciding with Krungthai Bank’s 60th anniversary under the theme “Steps Toward Endless Possibilities,” the bank reiterated its commitment to developing international-standard investment products and services. The bank aims to meet investors’ needs across all dimensions, empowering them to advance confidently toward their financial goals. The development of the USD Bond Wallet on the Paotang app to facilitate smoother digital access to foreign-currency bonds stands as another primary achievement in driving investment innovation across the bank’s digital platform.
Looking ahead, this partnership continues to yield results as investors can now trade these debentures with Krungthai Bank in the secondary market 24 hours a day via the Paotang app’s Bond Wallet. This ongoing feature significantly enhances investment flexibility and liquidity management, further showcasing Krungthai Bank’s dedication to continuously delivering digital investment solutions and broadening alternatives for Thai investors.
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