The Thailand Securities and Exchange Commission (SEC) urged holders of Eastern Power Group Public Company Limited’s EP249A bonds to review all available information and exercise their rights at the upcoming bondholders’ meeting, including by seeking comprehensive details from the issuer and the bondholders’ representative to support an informed voting decision. Eastern Power Group’s Bondholders’ Meeting No. 3/2025 on 2 September 2025 failed to reach the quorum required under the bond terms, so the meeting will be re-convened on 12 September 2025 in a hybrid format. Bondholders will consider extending the redemption maturity by six months to 14 March 2026 and increasing the interest rate from 5.75 percent per year to 6.00 percent per year during the extended period under the terms and conditions. The SEC also required the bondholders’ representative to analyze the benefits, shortcomings, and potential impacts on bondholders of approving or rejecting the proposals, with supporting reasons and the representative’s opinions, and encouraged bondholders to review that information before voting.
Thailand Securities & Exchange Commission 2025-09-09
Thailand Securities and Exchange Commission urges EP249A bondholders to review information and vote on maturity extension and coupon increase
The Thailand SEC urges Eastern Power Group’s EP249A bondholders to review information and exercise rights at the reconvened meeting on 12 September 2025. The initial meeting on 2 September 2025 lacked a quorum. The agenda includes extending redemption maturity and increasing the interest rate. The SEC requires the bondholders’ representative to analyze impacts and provide informed opinions for decision-making.