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SEC urges EP bondholders to exercise their rights at the upcoming bondholders’ meeting



Tuesday 23 September 2025 | No. 242 / 2025


Bangkok, 23 September 2025 – The Securities and Exchange Commission (SEC) urges the bondholders of four series of EP bonds to study all available information, exercise their rights at the upcoming bondholders’ meeting, and reach out to the bond issuer or the bondholders’ representative to obtain comprehensive and sufficient details for making an informed voting decision. The bondholders’ meeting will be held on 25 September 2025.

Eastern Power Group Public Company Limited (EP), the issuer of EP24DA, EP253A, EP263A and EP259A bonds, will electronically convene the Bondholders’ Meeting No. 4/2025 on 25 September 2025 at 14.00 hours. The matters for consideration are as follows:  

(1) Granting an exemption from an event of default under the terms and conditions for the proposal and approval by the bondholders' meeting of the EP24DA, EP253A, EP249A and EP259A bonds to extend the maturity dates, which may be deemed as entering into a contract with one or multiple creditors for the purpose of debt restructuring that provides payment relief to the bond issuer, where the aggregate debt exceeds 500 million baht:   

(2) Granting an exemption for closing the bondholder register less than 14 days prior to convening a bondholders’ meeting, which will not be considered a breach of the terms and conditions (for EP253A and EP259A bonds).  

The SEC requires that the bondholders’ representative 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’ 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’ e-meeting.     




Remark: 

Yuanta Securities (Thailand) Co., Ltd. serves as the bondholders’ representative for all four bond series, as follows: 

- EP24DA bond due for redemption on 27 December 2025; 

- EP253A bond due for redemption on 14 March 2026;  

- EP263A bond due for redemption on 27 March 2026;  

  - EP259A bond due for redemption on 30 September 2026.  

   







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