Thailand Securities and Exchange Commission (SEC) issued an advisory to holders of Thai Polycons Public Company Limited’s TPOLY253A bonds ahead of a bondholders’ meeting on 10 February 2026, urging them to exercise their rights, review information thoroughly, and seek additional details from the issuer or the bondholders’ representative before voting. The SEC also required the bondholders’ representative to provide a clear analysis of the advantages, disadvantages, benefits and potential impacts on bondholders of both approving and rejecting the proposed resolutions, including supporting reasons and the representative’s opinion. Items proposed for approval include waivers of several procedural requirements that would not constitute an event of default, an extension of the bond’s maturity by 8 months and 19 days to 30 October 2026, and an interest-rate increase of 0.25% per annum from 6.25% to 6.50% during the extension period. Bondholders will also consider a revised principal repayment plan in four instalments: 3%, 10%, 3% of principal (as at issuance) and a final instalment for the remaining outstanding balance. The meeting is planned as a physical session at TPOLY’s headquarters in Bangkok; KPM Securities Co., Ltd. is the bondholders’ representative for TPOLY253A, which currently matures on 11 February 2026.
Thailand Securities & Exchange Commission 2026-02-09
Thailand Securities and Exchange Commission urges TPOLY253A bondholders to vote on proposed maturity extension and revised terms
The Thailand Securities and Exchange Commission advised holders of Thai Polycons Public Company Limited’s TPOLY253A bonds to review information before voting at the bondholders’ meeting on 10 February 2026. The meeting will address proposals including waivers of procedural requirements, extending the bond’s maturity to 30 October 2026, an interest-rate increase to 6.50%, and a revised principal repayment plan.