The Securities and Exchange Commission, or SEC, has warned holders of 22 bond series issued by Bangkok Expressway and Metro Public Company Limited, or BEM, to study the information and exercise their voting rights at the 1/2026 bondholders' meeting, which will be held on September 15, 2026 at 2:00 p.m. at The Residence 303 and 304, Mezzanine floor, Grand Hyatt Erawan Bangkok, 494 Ratchadamri Road, Lumphini Subdistrict, Pathum Wan District, Bangkok. The 22 bond series comprise BEM272A, BEM279A, BEM279B, BEM27OA, BEM284A, BEM284B, BEM286A, BEM286B, BEM292A, BEM295A, BEM299A, BEM306A, BEM312A, BEM314A, BEM329A, BEM334A, BEM342A, BEM349A, BEM349B, BEM354A, BEM362A and BEM369A. The key agenda items of the meeting are the consideration of amendments to the rights and obligations regarding the issuer's duty to maintain financial ratios, and the consideration of an increase in the interest rates of the bonds. The SEC requires the bondholders' representative to clearly analyse the advantages, disadvantages, benefits and impacts that bondholders would receive under each option, both in the case where a resolution is approved and where it is not, together with the reasons and opinions of the bondholders' representative. The SEC therefore urges bondholders to study the information carefully and exercise their rights to protect their own interests, including seeking information from the bondholders' representative, so that they have complete information before deciding how to vote at the meeting.
Bangkok Expressway and Metro Public Company LimitedBEM bondholders will vote on amending financial-ratio covenants and raising bond interest rates, a debt-financing event for the issuer.
