The Thailand Securities and Exchange Commission has urged bondholders in four series of Eastern Power Group Public Company Limited bonds to review all available information, exercise their rights at the upcoming electronic bondholders’ meeting, and seek additional details from the issuer or the bondholders’ representative before voting. Eastern Power Group will convene Bondholders’ Meeting No. 4/2025 on 25 September 2025 at 14:00 to consider (i) an exemption from an event of default related to seeking bondholder approval to extend maturity dates for EP24DA, EP253A, EP249A and EP259A, which may be deemed entering into one or more creditor contracts for debt restructuring that provides payment relief where aggregate debt exceeds THB 500 million, and (ii) an exemption so that closing the bondholder register less than 14 days before the meeting will not be treated as a breach of terms and conditions for EP253A and EP259A. The SEC also required the bondholders’ representative to analyse the benefits, shortcomings and potential impacts on bondholders under both approval and rejection scenarios, including supporting reasons and the representative’s opinion.
Thailand Securities & Exchange Commission 2025-09-23
Thailand Securities and Exchange Commission urges EP bondholders to scrutinise proposed maturity extensions and exemptions ahead of 25 September meeting
The Thailand SEC advises Eastern Power Group bondholders to review information and exercise rights at the electronic meeting addressing default exemptions and maturity extensions for four bond series, potentially involving debt restructuring over THB 500 million. The SEC mandates the bondholders’ representative to evaluate the implications of approval or rejection.