Grande Asset Hotels says it cannot make interest payments
Grande Asset Hotels and Property said it could not pay 19.3 million baht in interest due on the 9th and 10th, seeking a 15-day extension.
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what happened
Grande Asset Hotels and Property PCL was unable to make interest payments totaling 19.3 million baht that were due on the 9th and 10th, Reuters reported.
The company requested a waiver and a 15-day extension for the interest payments, with the new period measured from their original due dates.
why it matters
The disclosure highlights pressure on Grande Asset Hotels and Property’s ability to service its interest obligations. Markets may focus on whether creditors approve the requested waiver and extension.
instruments
sources
- Grande Asset Hotels And Property Says Unable To Pay Interest Payments — Reuters, 12 October 2026 at 11:40 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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