The Thailand Securities and Exchange Commission (SEC) issued a supervisory notice to holders of Aqua Corporation Public Company Limited’s AQUA25NA bond, urging them to study all available information and exercise their rights at an upcoming bondholders’ e-meeting on a proposed restructuring that would extend the bond’s maturity, change principal repayment terms, and increase the interest rate. The issuer will convene Bondholders’ Meeting No. 1/2025 electronically to vote on granting an exemption from an event of default for the issuer’s proposal to restructure repayments, including entering related agreements and arrangements, in the context of debt restructuring negotiations involving the AQUA25NA and AQUA275A bonds, including any postponed or subsequent meetings. The proposed terms include a two-year extension of the redemption period to 29 November 2027, repayment of principal in four instalments of 10 percent, 10 percent, 15 percent and 65 percent of the principal value at issuance, and an increase in the interest rate from 6.00 percent per year to 7.00 percent per year for the extended period. The SEC requires the bondholders’ representative to analyse the benefits, shortcomings and potential impacts on bondholders of approving or rejecting the proposals, with supporting reasons and the representative’s opinion. Bondholders are encouraged to seek comprehensive information from the issuer or the representative ahead of the 30 October 2025 e-meeting at 14:00.

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