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bullet bond |
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The proposed bullet bond issuance will be used to refinance existing debt at two power generation operating companies, Andres B. In mid September PAE repaid in full a US$100 million bullet bond guaranteed by its parent company, BP plc (BP). Standard & Poor's has rated the first issue under the enhanced Partial Credit Guarantee Program, which is a US$300 million ten-year bullet bond by the Electricity Generating Authority of Thailand (EGAT), single-'A'-minus or three notches above the Kingdom of Thailand's triple-'B'-minus foreign currency issuer credit rating (see press release earlier today). |
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