Bangkok, Thailand - 23 January 2026: Chandler Mori Hamada acted as Thai counsel to the international bank arrangers in connection with the update of Thai Oil Public Company Limited’s (“Thaioil”) and Thaioil Treasury Center Company Limited’s (“TTC”) USD 3.679 billion Global Medium Term Note Programme and TTC’s issuance of USD 600,000,000 subordinated perpetual securities under Rule 144A and Regulation S, guaranteed by Thaioil.
The transaction involving guaranteed USD-denominated subordinated perpetual securities represents a sophisticated and relatively uncommon issuance for a Thai corporate issuer, making it a significant and market-leading transaction.
The Chandler Mori Hamada team was led by partner Doungporn Prasertsomsuk, with principal support from associates Pradchayada Maneeratanapron and Chayapa Preechayanpanich.
Commenting on the transaction, Doungporn Prasertsomsuk said: “This is a notable transaction for the bond market in Thailand, and its success underlines our team’s capability and experience in advising on market leading deals.”
Doungporn Prasertsomsuk is widely recognised for her innovation in Thailand’s debt capital markets and is regularly ranked among the leading practitioners by independent global legal publications, reflecting her leadership and expertise in the field.
About Thaioil
Thaioil is a complex refinery which is one of the most efficient refineries in the Asia-Pacific region with a current capacity of 275,000 barrels per day. Thaioil’ s vision is “Empowering Human Life through Sustainable Energy and Chemicals”.
About Chandler Mori Hamada
Chandler Mori Hamada is a leading law firm in Thailand, combining international standards of legal practice with extensive local experience. With a team of more than 100 lawyers in Thailand, the firm is internationally recognized for its legal expertise.
For media inquiries, please contact Business Development at business-development@morihamada.com
