Thailand Securities & Exchange Commission urges JCK217A and JCK221A bondholders to review and vote on proposed maturity extensions and interest increase at 11 April e-meeting

The Thailand Securities & Exchange Commission (SEC) issued an investor notice urging holders of JCK International Public Company Limited’s JCK217A and JCK221A bonds to study available information and exercise their rights at the bondholders’ e-meeting on 11 April 2025, which will consider amendments to the bonds’ terms. Items for consideration include extending the maturity of JCK217A by two years to 26 July 2027 and JCK221A by one year and six months to 24 July 2027, increasing the interest rate from 7.25 percent per year to 7.50 percent per year during the extended periods, and revising principal repayments into five installments. For JCK217A, the first four installments must total not less than 12 percent of the bond value as of the issuance date, with the remainder due at the new maturity date, while for JCK221A the first four installments must total not less than 13 percent, with the balance due at maturity. 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.