Thailand Securities and Exchange Commission published a notice urging holders of JCK213A bonds issued by JCK International Public Company Limited to study available information and exercise their rights at an upcoming bondholders’ e-meeting, where investors will vote on proposed amendments to the bond terms covering maturity, coupon, repayment scheduling and collateral arrangements. Matters for consideration include extending the redemption maturity by two years to 22 March 2027; increasing the interest rate from 7.25 percent to 7.50 percent per year during the extended period; changing principal repayment to four instalments, with the first three totalling no less than 9 percent of the bond value and the final instalment paying the remaining balance at the new maturity; cancelling collateral redemption and partial principal repayment for mortgage release previously approved by Bondholders’ Meeting No. 1/2024; and revising how the collateral redemption value is determined while adding conditions for cases where the issuer redeems or requests the return of collateralised and or replacement assets. The SEC also requires the bondholders’ representative to analyse benefits, shortcomings and potential impacts for bondholders in both approval and non-approval scenarios, with supporting reasons and its opinion. The electronic meeting is scheduled for 11 February 2025 at 11:00, and bondholders are encouraged to contact the issuer or the bondholders’ representative for comprehensive information before voting.

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