2023-09-06 06:42:22
JKN Global Group Public Company Limited (JKN) revealed that the company has received 3 letters from Asia Plus Securities and Dao Securities (Thailand) as debenture holder representatives as follows:
No. 1 from Asia Plus Securities as a representative of bondholders, dated September 4, 2023, on the default of debt payment under the bonds And notify the company to repay the debentures of the company No. 2/2020, due in 2023, which the debenture issuer has the right to redeem before the redemption date (model JKN239A) by requiring the company to pay the outstanding principal together with all interest within the specified period.
No. 2 from Asia Plus Securities as a representative of bondholders, dated September 4, 2023, regarding the notification of default on debt payment (Cross Default) of the company’s debentures No. 2/2022 due in 2024, which the Issuing debentures with the right to redeem the debentures before redemption (model JKN246A) by providing clarifications on the remedial measures to the debenture holders’ representative within 8 Sep ’23 and correcting within 30 days from the 1st of July 2023
No. 3 from Dao Securities (Thailand) dated September 4, 2023, asking for details about the correction of default of JKN239A debentures and notifying the default of payment (Cross Default) of other debentures of the company as follows:
(1) Debentures No. 1/2022 due in 2024 (JKN243A)
(2) Debentures No. 3/2022 due in 2024 (JKN24OA)
(3) Debenture No. 4/2022 Due 2024 (JKN24NA)
(4) Debenture No. 1/2023 Due 2025 (JKN252A)
and (5) Debentures No. 2/2023 due in 2025 (JKN255A).
JKN states that all debentures have the following details:
1. Debenture No. 1/2022 Due 2024 (model JKN243A)
Date of issue 1 February 2022
Interest rate 6.55% per year
Default interest rate 2% per year
Interest payment installment, payable every 3 months on February 15, May 15, August 15 and November 15 throughout the debenture life.
Maturity date 15 March 2024
Debenture holder representative Dao Securities (Thailand)
2. Debenture No. 2/2022 Due 2024 (model JKN246A)
Issue date 10 June 2022
Interest rate 6.25% per year
Default interest rate 2% per year
Interest payment installments: every 3 months, on March 10, June 10, September 10, and December 10, throughout the term of the debentures.
Maturity date 10 June 2024
Debenture Holder Representative Asia Plus Securities
3. Debentures No. 3/2022 due in 2022 2024 (model JKN24OA)
Issue date 20 October 2022
Interest rate 7.00% per year
Default interest rate 2% per year
Installment of interest payment: every 3 months on 20 January, 20 April, 20 July, 20 October throughout the term of the debentures.
Maturity date 20 October 2024
Debenture holder representative Dao Securities (Thailand)
4. Debenture No. 4/2022 Due 2024 (Model JKN24NA)
Date of issue 11 November 2022
Interest rate 7.00% per year
Default interest rate 2% per year
Interest payment installment, payable every 3 months on February 11, May 11, August 11 and November 11 throughout the term of the debentures.
Maturity date 11 November 2024
Debenture holder representative Dao Securities (Thailand)
5. Debentures No. 1/2023 due in 2020 2025 (model JKN252A)
Date of issue 24 February 2023
Interest rate 7.00% per year
Default interest rate 2% per year
Interest payment period February 24, May 24, August 24 and November 24 of every year throughout the debenture life.
Maturity date February 24, 2025
Debenture Holder Representative Dao Securities (Thailand)
6. Debenture No. 2/2023 Due 2025 (model JKN255A)
Issue date 24 February 2023
Interest rate 7.25% per year
Default interest rate 2% per year
Interest payment period February 10, May 10, August 10 and November 10 of every year throughout the debenture life.
Maturity date 10 May 2025
Debenture holder representative Dao Securities (Thailand)
JKN stated that it will hold a bondholders’ meeting for the JKN239A bond on September 27, 2023 to consider a debt repayment plan. Including amendments to terms and conditions of debentures and other relevant documents to be consistent with such amendments. It is not considered an event of default under the terms and conditions. The Company is in the process of preparing a plan and preparing a letter of invitation to the bondholders’ meeting.
In addition, the Company will hold a bondholder meeting for all other series of the Company’s debentures within the period specified in the relevant terms and conditions. To consider the request for a waiver of the event of default under the terms and conditions (Cross Default) not to be considered an event of default under the terms and conditions of other bonds of the Company and not to call for debt repayment immediately (Call Default).
The company hereby confirms and certifies that the company intends and asks for confidence that the company intends to repay the principal. and all interest All debentures of the company
1693986461
#JKN #bonds #heavy #Notify #Cross #Default #models #Hold #meeting #debt #resolving #plans #JKN239A