The Thailand Securities and Exchange Commission issued an investor notice urging bondholders in six series of Richy Place 2002 Public Company Limited (RICHY) bonds to review all available information and exercise their rights at the upcoming bondholders’ e-meeting, including by seeking clarification from the issuer or the bondholders’ representatives before voting. The e-meeting (Bondholders’ Meeting No. 1/2025) covers proposals affecting RICHY253A, RICHY255A, RICHY255B, RICHY259A, RICHY263A and RICHY268A, including a request to revise repayment terms by allowing exemptions or postponements of repayment or adjustments to repayment schedules without treating them as an event of default. The agenda also includes extending maturity for all six series by two years from the original maturity date, permitting principal repayment in instalments of 3 percent of bond value every six months from the original maturity date with the remaining balance due at the extended maturity date, and increasing the interest rate by 0.10 percent per year (on top of each series’ original rate) during the extension period. The SEC requires the bondholder representative to provide bondholders with a clear analysis of the benefits, shortcomings, and potential impacts of approving or rejecting the proposals, with supporting reasons. The bondholders’ e-meeting is scheduled for 17 January 2025 at 14:00.

Original source View in tracker