The Securities and Exchange Commission, Thailand urged holders of Thai Polycons Public Company Limited’s TPOLY253A bonds to exercise their rights and review all relevant information ahead of the bondholders’ meeting on 3 February 2026, where investors will vote on proposed amendments to the bond’s terms. Bondholders will be asked to approve an 8 months and 19 days maturity extension to 30 October 2026 and a revised principal repayment schedule in three installments: an initial 10% of the principal amount as at the bond issuance date, a further 10% payable only upon the issuer’s receipt of a deposit from the sale of assets pledged as collateral for TPOLY253A, and a final payment of the remaining outstanding balance. The SEC also required the bondholders’ representative to provide a clear analysis of the advantages, disadvantages, benefits and potential impacts of approving or rejecting the proposals, including supporting reasons and the representative’s opinion; KPM Securities Co., Ltd. is the bondholders’ representative and the bond currently matures on 11 February 2026.
Thailand Securities & Exchange Commission 2026-01-29
Thailand Securities and Exchange Commission urges TPOLY253A bondholders to vote on maturity extension to 30 October 2026 and installment repayments
The Securities and Exchange Commission, Thailand, urged holders of Thai Polycons Public Company Limited’s TPOLY253A bonds to review information and exercise their rights before a bondholders' meeting on 3 February 2026, where they will vote on extending the bond's maturity to 30 October 2026 and revising the principal repayment schedule. The SEC also mandated the bondholders’ representative, KPM Securities Co., Ltd., to provide a detailed analysis of the proposals' implications.