The Thailand Securities & Exchange Commission issued a supervisory notice urging holders of three Phuket Fantasea Public Company Limited bond series to review all available information, exercise their rights, and seek clarifications from the issuer and the bondholders’ representative ahead of a reconvened bondholders’ meeting on 23 December 2025. The earlier Bondholders’ Meeting No. 1/2025 on 15 December 2025 for PHUKET 207 A, PHUKET 208 A and PHUKET 20 DA did not meet quorum, and the meeting will be reconvened electronically at 14.00 hours. Bondholders will vote on extending the redemption maturity by one year to 30 June 2027 and revising interest terms, including increasing the interest rate by 0.25 percentage points from 7.25 percent to 7.50 percent per year from 30 December 2025 until the extended maturity date, alongside revisions to interest payment conditions previously approved at Bondholders’ Meeting No. 1/2024. The SEC also requires the bondholders’ representative to analyse benefits, shortcomings and potential impacts on bondholders under both approval and rejection scenarios, with supporting reasons and the representative’s opinion, to support informed voting decisions.
Thailand Securities & Exchange Commission 2025-12-22
Thailand Securities & Exchange Commission urges PHUKET bondholders to scrutinize proposed maturity extension and interest revisions ahead of 23 December vote
The Thailand Securities & Exchange Commission urged holders of three Phuket Fantasea Public Company Limited bond series to review information before a reconvened bondholders’ meeting on 23 December 2025. The meeting will address extending redemption maturity by one year and revising interest terms, including a rate increase from 7.25% to 7.50% per year. The SEC requires the bondholders’ representative to provide an analysis of the benefits and impacts of the proposed changes for informed voting.