The Thailand Securities and Exchange Commission has advised holders of JCK212A bonds issued by JCK International Public Company Limited to review all available information and exercise their rights at the upcoming bondholders’ e-meeting, including by contacting the issuer or the bondholders’ representative to support an informed voting decision. The bondholders’ meeting on 27 January 2025 will consider extending the bond’s maturity by two years to 15 February 2027, increasing the interest rate from 7.50 percent to 7.75 percent per year during the extended period, and revising the principal repayment schedule to four instalments, with the first three instalments totaling at least 15 percent of the bond value and the fourth paying the remaining balance on the extended maturity date. The SEC also requires the bondholders’ representative to analyse the benefits, shortcomings and potential impacts for bondholders under both approval and non-approval scenarios, supported by reasons and the representative’s opinion.
Thailand Securities & Exchange Commission 2025-01-22
Thailand Securities and Exchange Commission urges JCK212A bondholders to review information ahead of vote on maturity extension and revised repayment terms
The Thailand Securities and Exchange Commission has advised JCK212A bondholders to review information and exercise their rights at the upcoming e-meeting. The meeting will consider extending the bond’s maturity to 2027, increasing the interest rate to 7.75% per year, and revising the repayment schedule. The SEC requires the bondholders’ representative to analyse the implications of both approval and non-approval scenarios.