The Thailand Securities and Exchange Commission has issued a notice urging holders of Eastern Power Group Public Company Limited’s EP253A bond to review all available information, exercise their rights at the upcoming bondholders’ meeting, and seek comprehensive details from the issuer or the bondholders’ representative before voting. The bondholders’ meeting on 4 March 2025 will consider using 13 February 2025 as the bondholder register closing date for convening the meeting, granting a waiver for an event of default where the register is closed later than 14 days before the meeting, extending the bond’s maturity by one year to 14 March 2026, and increasing the interest rate from 5.50 percent per year to 6.00 percent per year during the extended period. The SEC also requires the bondholders’ representative to analyse the benefits, shortcomings, and potential impacts on bondholders for both approval and non-approval of the proposed matters, with supporting reasons and the representative’s opinion.
Thailand Securities & Exchange Commission 2025-02-27
Thailand Securities and Exchange Commission urges EP253A bondholders to assess proposed maturity extension to March 2026 and interest rate increase ahead of 4 March meeting
The Thailand Securities and Exchange Commission advises Eastern Power Group Public Company Limited’s EP253A bondholders to review information and exercise their rights at the upcoming meeting. The meeting will address the bondholder register closing date, a waiver for an event of default, extending the bond’s maturity by one year, and increasing the interest rate from 5.50% to 6.00% during the extension. The SEC mandates the bondholders’ representative to evaluate the proposals' implications and provide an informed opinion.