Energy

Thai Oil gets $1bn bond away even as markets decline

With the oil sector poised for a recovery, Thai Oil priced a benchmark bond inside its own curve, even as markets crumbled during bookbuilding.

Despite a market that weakened during bookbuilding, the country’s largest oil refinery priced a punchy $1 billion two-part bond deal at breakneck speed that seemed to shake off the doldrums that have affected the oil and gas sector for the past few months.

¬ Haymarket Media Limited. All rights reserved.

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