Country Group Development Public Company Limited (CGD), the issuer of CGD213A bond, will electronically convene the Bondholders’ Meeting No. 1/2025 on 10 March 2025 at 14.00 hours. The e-meeting contains matters for consideration as follows:       

(1) Extending the bond maturity period by one year and six months, with the new maturity date set for 23 September 2026;  

(2) Increasing the interest rate from 7.75 percent per year to 8.00 percent per year, during the extended maturity period;   

  (3) Paying interest partially at a rate of 5.00 percent per year and deferring the remaining interest at a rate of 3.00 percent per year, which will be payable on the maturity date or the date of early redemption of the bond in full, as the case may be. This shall take effect from 23 March 2025 (the original maturity date);  

(4) Approving the release of the mortgage on the land and buildings as collateral to facilitate the loan procurement plan under the Project Financing model. In the event that the plan is approved, the company will repay a portion of the bond principal to the bondholders in an amount not less than 25 percent of the bond value. 

The SEC requires that the bondholders’ representative analyzes the benefits and shortcomings as well as the potential impacts on the bondholders both in cases of approval and decline of approval for the above matters with respective supporting reasons and the opinions of the bondholders’ representative. The bondholders are, therefore, encouraged to thoroughly review the information and exercise their rights to protect their own interests. They should also make necessary inquiries to the bondholders’ representative to obtain comprehensive information before making a voting decision at the bondholders’ meeting.      

Remark: 

Daol Securities (Thailand) Public Co., Ltd. is the bondholders’ representative for the CGD213A bond due on 23 March 2025.