| Issuer / Guarantor | Nebius Group NV |
|---|---|
| Size | USD 2250mn |
| Type | Convertible |
| Leads | Goldman Sachs |
| Maturity | 15 Mar 2031 (5 years) |
| Coupon | 1.25% (1 - 1.5%) |
| Premium | 57.5% (45 - 50%) |
| 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 Jan 2031 (4.8 yrs) |
| Announced | 17 Mar 2026 |