The Thailand Securities and Exchange Commission issued a notice urging holders of JC Kevin Development Company Limited’s JCKD206A bond to review all available information and exercise their rights at the bondholders’ e-meeting on 1 December 2025, which will decide on proposed changes to the bond’s repayment, interest and default terms. The issuer is seeking approval to extend the redemption date by one year to 13 December 2027, revise principal repayment from four instalments to three, and increase the interest rate from 7.75% per year to 8.00% per year from 13 December 2025 while paying only 5.0% per year and suspending the remaining 3.00% per year to accrue and be paid together with principal at the new maturity date or upon early redemption. The agenda also includes a request to exempt an event of default tied to the company’s loan repayment defaults to other creditors with total outstanding amounts exceeding THB 400 million. The SEC requires the bondholders’ representative to analyse benefits, shortcomings and potential impacts on bondholders under both approval and rejection scenarios, and encouraged bondholders to seek comprehensive information from the issuer or the representative before voting.

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