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Issuer / Guarantor
|
Lucid Group Inc
|
|
Size
|
USD 975mn
|
|
Type
|
Convertible
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|
Leads
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Citigroup, Goldman Sachs, BoA, JP Morgan, BNP Paribas, HSBC, RBC, Wells Fargo
|
|
|
|
|
Maturity
|
01 Nov 2031 (6 years)
|
|
Coupon
|
7% (6.5 - 7%)
|
|
Premium
|
22.5% (20 - 25%)
|
|
Calls
|
NC3; PC @ 130% w table MW
|
|
Puts
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4yrs @ 100%
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|
Div protection
|
Ratio adjustment (Full)
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|
T/o protection
|
Make-whole table
|
|
CoCo
|
130% to Jul 2031 (5.7 yrs)
|
|
Announced
|
11 Nov 2025
|
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