PTTEPRegulatory · 2025-12-19 00:00

PTTEP and PTT renewed their short-term inter-company borrowing and lending agreement for another year, effective December 20, 2025.

PTT Exploration and Production Public Company Limited (PTTEP) and PTT Public Company Limited have renewed their inter-company short-term borrowing and lending agreement for an additional year, effective from December 20, 2025, with an updated interest rate reference for Thai Baht loans.

This renewal ensures continued financial flexibility and efficient cash management for PTTEP, while also reflecting a shift in interest rate benchmarks to align with future market standards.

Fast Facts

·Agreement type: Short-term inter-company borrowing and lending
·Parties: PTTEP and PTT
·Renewal effective date: December 20, 2025
·Term: 1 year (renewable)
·Interest rate benchmark change (THB): THOR (Thai Overnight Repurchase Rate) replaces BIBOR (Bangkok Interbank Offered Rate)
·Currencies: Thai Baht and/or US Dollar
·PTT's ownership in PTTEP: 63.79%
·Transaction classification: Related party transaction
·Maximum transaction value: Lower of 3% of Net Tangible Assets or 5 billion THB

ESG & Finance

Oil & Gas

People Mentioned

Chanamas Sasananant

Deputy Managing Director, Finance and Accounting Group at PTT Exploration and Production Public Company Limited

Source

PTTEP and PTT renewed their short-term inter-company borrowing and lending agreement for another year, effective December 20, 2025.