The Thailand Securities and Exchange Commission has urged holders of NR Instant Produce Public Company Limited’s NRF254A bond to review available information, exercise their rights at the upcoming bondholders’ meeting, and seek sufficient details from the issuer or the bondholders’ representative before voting. The reconvened electronic meeting is scheduled for 13 June 2025 at 14:00 after a 30 May 2025 meeting did not meet quorum requirements for certain agenda items. Bondholders will be asked to vote on changes including shifting repayment from five instalments to two, with THB 130 million due on 20 April 2026 and the remaining THB 1,170 million due at maturity, and allowing the issuer to redeem the bond in full or in part with no minimum principal amount and with an exemption from the early redemption fee if redemption is exercised before maturity. The SEC also requires the bondholders’ representative to assess benefits, shortcomings, and potential impacts for bondholders under both approval and non-approval scenarios, supported by reasons and the representative’s opinion.
Thailand Securities & Exchange Commission 2025-06-11
Thailand Securities and Exchange Commission urges NRF254A bondholders to review proposed repayment and early redemption changes ahead of 13 June e-meeting
The Thailand Securities and Exchange Commission has advised holders of NR Instant Produce Public Company Limited’s NRF254A bond to review information and exercise their rights at the upcoming bondholders’ meeting. The meeting will address proposed changes to the bond's repayment schedule and redemption terms. The SEC also mandates the bondholders’ representative to evaluate the implications of these changes for bondholders.