The Thailand Securities & Exchange Commission issued an advisory urging holders of Begistics Public Company Limited’s B255A bond to review all available information, exercise their rights at the upcoming bondholders’ meeting, and seek sufficient details from the issuer or the bondholders’ representative before voting. At the 30 April 2025 electronic bondholders’ meeting, bondholders will consider extending the redemption maturity by one year and six months to 16 November 2026, changing principal repayment into three instalments (10 percent on 16 November 2025, 10 percent on 16 May 2026, and the remaining balance on the extended maturity date), and increasing the interest rate from 7.35 percent per year to 7.50 percent per year throughout the extended maturity period. The SEC also requires the bondholders’ representative to analyse the benefits, shortcomings, and potential impacts on bondholders under both approval and non-approval scenarios, including supporting reasons and the representative’s opinion.
Thailand Securities & Exchange Commission 2025-04-16
Thailand Securities & Exchange Commission urges B255A bondholders to review Begistics restructuring proposals and vote at 30 April meeting
The Thailand Securities & Exchange Commission advised Begistics Public Company Limited’s B255A bondholders to review information and exercise their rights at the upcoming meeting. Key proposals include extending redemption maturity to November 2026, altering principal repayment into three instalments, and increasing the interest rate to 7.50 percent per year. The SEC mandates the bondholders’ representative to assess these changes and provide a detailed opinion.