The Thailand Securities & Exchange Commission (SEC) issued an investor alert urging bondholders in four Nakhonluang Capital Public Company Limited (NAKON) bond series to review available information, exercise their rights and seek further details ahead of the bondholders’ electronic meeting on 25 September 2025. The meeting agenda covers amendments including maturity extensions for certain series, an interest rate increase, exemptions from events of default linked to repayment revisions and restructuring discussions, and changes to allow early redemption. NAKON will convene Bondholders’ Meeting No. 1/2025 at 14:00 to vote on extending maturities for NAKON250A (one year and six months to 19 April 2527) and NAKON264A (one year and one month to 19 May 2027), and increasing the interest rates on NAKON250A and NAKON264A from 7.25 percent per year to 7.50 percent per year for the extended periods. Bondholders will also consider granting exemptions from an event of default for the issuer’s proposed repayment term revisions for NAKON250A and NAKON264A (outstanding value THB 387.30 million) and for negotiations on debt restructuring with financial institutions or other creditors for operations within one year from the meeting date, as well as revising terms for NAKON25OA and NAKON264A to give the issuer a call option. The SEC requires bondholders’ representatives to assess the benefits, shortcomings and potential impacts of approving or rejecting the proposals, with supporting reasons and their opinions, and encouraged bondholders to consult the issuer and representatives before voting.

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