| Issuer / Guarantor | CSSC (Hong Kong) Shipping Company Limited |
|---|---|
| Size | HKD 2338mn |
| Type | Convertible |
| Leads | CICC, CLSA |
| Maturity | 28 Jan 2031 (5 years) |
| Coupon | 0.75% (0.75 - 1.75%) |
| Premium | 14.9% (15 - 20%) |
| Calls | @ 100% from Feb 2029 (3 yrs); 130% trigger |
| Puts | 3yrs @ 100% |
| Div protection | Ratio adjustment (for excess above threshold) |
| T/o protection | c/t ratchet |
| CoCo | None |
| Announced | 21 Jan 2026 |