| Issuer / Guarantor | Nebius Group NV (former Yandex) |
|---|---|
| Size | USD 1750mn |
| Type | Convertible |
| Leads | Goldman Sachs |
| Maturity | 15 Mar 2033 (7 years) |
| Coupon | 2.625% (2.375 - 2.875%) |
| Premium | 55% (45 - 50%) |
| Calls | NC4; PC @ 130% w table MW |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (Full) |
| T/o protection | Make-whole table |
| CoCo | 130% to Dec 2032 (6.7 yrs) |
| Announced | 17 Mar 2026 |