The Thailand Securities & Exchange Commission published an advisory urging holders of the JCKD206A bond issued by JC Kevin Development Company Limited to review all available information, exercise their rights at the upcoming bondholders’ meeting, and seek sufficient details from the issuer or the bondholders’ representative before voting. The meeting will be re-convened electronically after Bondholders’ Meeting No. 1/2025 on 1 December 2025 failed to reach quorum under the bond terms and conditions. The e-meeting will consider extending the bond’s maturity by one year to 13 December 2027, revising principal repayment by reducing installments from four to three, and increasing the interest rate from 7.75 percent per year to 8.00 percent per year from 13 December 2025 to the new maturity date. Interest payment terms would also change to pay partial interest at 5.0 percent per year while suspending the remaining 3.00 percent per year from 13 December 2025 until 13 December 2027, with suspended interest accruing and payable together with principal on the new maturity date or on early redemption of the entire outstanding amount. The SEC requires the bondholders’ representative to analyse benefits, shortcomings and potential impacts on bondholders in both approval and non-approval scenarios, with supporting reasons and the representative’s opinion. Bondholders are expected to vote at the bondholders’ e-meeting on 11 December 2025.

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