| Issuer / Guarantor | IREN Limited |
|---|---|
| Size | USD 1000mn |
| Type | Convertible |
| Leads | Citigroup, Goldman Sachs, JP Morgan, Jefferies, Cantor Fitzgerald, Mizuho |
| Maturity | 01 Jun 2033 (7.5 years) |
| Coupon | 1% (0.5 - 1%) |
| Premium | 25% (25 - 30%) |
| Calls | NC3; PC @ 130% w table MW |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (Full) |
| T/o protection | Make-whole table |
| CoCo | 130% to Feb 2033 (7.2 yrs) |
| Announced | 01 Dec 2025 |