Country
Group Development Public Company Limited (CGD), the issuer of CGD206A, CGD219A
and CGD20OA bond series, will electronically convene the Bondholders’ Meeting
No. 1/2025 on 10 June 2025 at 14.00 hours to consider the following matters:
(1) Extending the redemption
maturity periods for all three bond series by one year and six months;
(2) Increasing the bond interest rate
by 0.25 percent per year throughout the extended maturity periods, as follows:
- For CGD206A bond, from the original rate of 7.50 percent per year to 7.75 percent per year;
- For CGD219A bond, from the original rate of 7.75 percent
per year to 8.00 percent per year;
- For CGD20OA bond, from the original rate
of 7.75 percent per year to 8.00
percent per year.
(3) Providing for partial payment of
interest at the rate of 5.00 percent per year, with payment of the remaining
interest deferred and payable in full on the maturity dates or on the dates of
early redemption of the bonds (as the case may be), effective from the original
maturity dates.
The
SEC requires that the bondholders’ representatives analyze 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’ representatives. 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’ representatives to obtain comprehensive
information before making a voting decision at the bondholders’ meeting.
Notes:
- Daol Securities (Thailand) Public Company Limited serves as the bondholders’
representative for CGD206A bond, to be due on 25 June 2025, and CGD219A bond,
to be due on 6 September 2025.
- Pi
Securities Co., Ltd. serves as the bondholders’ representative for CGD20OA
bond, to be due on 19 October 2025.