| Issuer / Guarantor | ZTE Corporation |
|---|---|
| Size | CNY 3584mn |
| Type | Convertible |
| Leads | CLSA, China Securities |
| Maturity | 05 Aug 2030 (5 years) |
| Coupon | 0% (0%) |
| Premium | 22% (22 - 32%) |
| Calls | None |
| Puts | 3yrs @ 100% |
| Div protection | Ratio adjustment (Full) |
| T/o protection | c/t ratchet |
| CoCo | None |
| Announced | 28 Jul 2025 |