The Thailand Securities and Exchange Commission issued a notice urging holders of NR Instant Produce Public Company Limited’s NRF254A bond to review all available information, exercise their rights at the upcoming bondholders’ meeting, and seek additional details from the issuer or the bondholders’ representative before voting. The electronic Bondholders’ Meeting No. 4/2025 is scheduled for 30 May 2025 at 14:00 and will consider amendments to (1) revise principal repayment from five instalments to two, with THB 130 million payable on 20 April 2026 and the remaining THB 1,170 million payable on the maturity date, (2) allow early redemption in full or in part with no minimum principal amount and waive the early redemption fee if exercised before maturity, and (3) exempt an event of default arising from the issuer’s inability to repay principal on 20 April 2025, effective from the date the event occurred, provided accrued interest due for the interest period on 20 April 2025 has been fully paid, including in relation to the issuer’s plan not to repay the bond debt following a demand for immediate repayment. The SEC also requires the bondholders’ representative to analyse the benefits, shortcomings and potential impacts on bondholders under both approval and non-approval scenarios, with supporting reasons and the representative’s opinion, and encourages bondholders to review that information and raise any necessary queries before casting their vote.

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