The Thailand Securities and Exchange Commission (SEC) issued a notice urging holders of the GRAND25OA bond to study all available information and exercise their rights at the upcoming bondholders’ meeting, including by seeking comprehensive details from the issuer or the bondholders’ representative before voting. Grande Asset Hotels and Property Public Company Limited will hold an electronic Bondholders’ Meeting No. 2/2025 on 18 June 2025 at 14:00 to vote on extending the bond’s redemption maturity by eight months to 12 June 2026 and increasing the interest rate by 0.30 percentage points from 7.35% per year to 7.65% per year for the extended period. 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.
Thailand Securities & Exchange Commission 2025-06-13
Thailand Securities and Exchange Commission urges GRAND25OA bondholders to review proposals to extend maturity to 12 June 2026 and raise interest to 7.65% ahead of 18 June vote
The Thailand Securities and Exchange Commission (SEC) has advised holders of the GRAND25OA bond to review all information and exercise their rights at the upcoming bondholders' meeting. The meeting will address extending the bond's redemption maturity by eight months and increasing the interest rate by 0.30 percentage points. The SEC mandates the bondholders' representative to evaluate the implications of both approval and non-approval scenarios.