| Issuer / Guarantor | Hokkaido Electric Power Co Inc |
|---|---|
| Size | JPY 40000mn |
| Type | Convertible |
| Leads | Mizuho International plc |
| Maturity | 03 Mar 2031 (5 years) |
| Coupon | 0% (0%) |
| Premium | 23.96% (22 - 32%) |
| Calls | @ 100% from Mar 2028 (2 yrs); 130% trigger |
| Puts | 3yrs @ 100% |
| Div protection | Ratio adjustment (Full) |
| T/o protection | c/t ratchet |
| CoCo | None |
| Announced | 12 Feb 2026 |