The Thailand Securities and Exchange Commission urged bondholders in three Country Group Development Public Company Limited (CGD) bond series to review all available information and exercise their rights at an upcoming bondholders’ meeting that will vote on proposed amendments to the bonds’ terms. The meeting will consider extending the redemption maturity periods for CGD206A, CGD219A and CGD20OA by one year and six months, increasing the interest rate by 0.25 percentage points per year during the extended periods (CGD206A from 7.50% to 7.75%, and CGD219A and CGD20OA from 7.75% to 8.00%), and shifting to partial interest payments at 5.00% per year with the remaining interest deferred and payable in full on the maturity date or early redemption date, effective from the original maturity dates. The SEC also requires the bondholders’ representatives to analyse the benefits, shortcomings and potential impacts on bondholders if the proposals are approved or rejected, including supporting reasons and the representatives’ opinions. CGD will hold Bondholders’ Meeting No. 1/2025 electronically on 10 June 2025 at 14:00.
Thailand Securities & Exchange Commission 2025-06-06
Thailand Securities and Exchange Commission urges CGD bondholders to review proposed maturity extension and interest changes ahead of 10 June vote
The Thailand Securities and Exchange Commission advises bondholders of three Country Group Development Public Company Limited bond series to review information and exercise their rights at an upcoming meeting. The meeting will vote on extending redemption maturity periods, increasing interest rates, and shifting to partial interest payments. Bondholders’ representatives must analyze the proposals' benefits, shortcomings, and potential impacts.