| Issuer / Guarantor | MMG Limited |
|---|---|
| Size | USD 500mn |
| Type | Convertible |
| Leads | BoA, CITIC |
| Maturity | 08 Oct 2030 (5 years) |
| Coupon | 0% (0%) |
| Premium | 40% (35 - 40%) |
| Calls | None |
| Puts | 3yrs @ 100% |
| Div protection | Ratio adjustment (Full) |
| T/o protection | c/t ratchet |
| CoCo | None |
| Announced | 29 Sep 2025 |