The Thailand Securities and Exchange Commission issued a notice urging holders of Power Solution Technologies Public Company Limited’s PSTC25NA 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. Bondholders will be asked to approve an 11‑month extension of the redemption maturity to 29 October 2026 and an increase in the interest rate from 7.25 percent per year to 7.50 percent per year throughout the extended period. The SEC 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. Bondholders’ Meeting No. 1/2025 will be held electronically on 21 November 2025 at 14:00.
Thailand Securities & Exchange Commission 2025-11-18
Thailand Securities and Exchange Commission urges PSTC25NA bondholders to review information ahead of vote on maturity extension and coupon increase
The Thailand Securities and Exchange Commission advises holders of Power Solution Technologies Public Company Limited’s PSTC25NA bond to review information and exercise their rights at the upcoming bondholders’ meeting. Bondholders will vote on extending the redemption maturity by 11 months to 29 October 2026 and increasing the interest rate from 7.25% to 7.50% per year. The SEC mandates the bondholders’ representative to evaluate the implications of both approval and non-approval scenarios.