| Issuer / Guarantor | Lunas Capital II Ltd |
|---|---|
| Size | USD 300mn |
| Type | Exchangeable into Gamuda |
| Leads | CIMB, JP Morgan |
| Maturity | 30 Jan 2031 (5 years) |
| Coupon | 0% (0%) |
| Premium | 10% (10 - 15%) |
| Calls | @ 100% from Jan 2029 (3 yrs); 130% trigger |
| Puts | 3yrs @ 100% |
| Div protection | Ratio adjustment (Full) |
| T/o protection | c/t ratchet |
| CoCo | 130% to Sep 2030 (4.6 yrs) |
| Announced | 15 Jan 2026 |