| Issuer / Guarantor | Nippon Steel Corp |
|---|---|
| Size | JPY 300000mn |
| Type | Convertible |
| Leads | Nomura, Goldman Sachs, Merrill Lynch, SMBC Nikko, Morgan Stanley, Mizuho |
| Maturity | 14 Feb 2029 (2.9 years) |
| Coupon | 0% (0%) |
| Premium | 10% (10%) |
| Calls | None |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (Full) |
| T/o protection | Make-whole table |
| CoCo | None |
| Announced | 24 Feb 2026 |