| Issuer / Guarantor | Ormat Technologies Inc |
|---|---|
| Size | USD 725mn |
| Type | Convertible |
| Leads | JP Morgan, Morgan Stanley, Goldman Sachs, HSBC |
| Maturity | 15 Mar 2031 (5 years) |
| Coupon | 1.5% (1.5 - 2%) |
| Premium | 30% (27.5 - 32.5%) |
| Calls | NC3; PC @ 130% w table MW |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (for excess above threshold) |
| T/o protection | Make-whole table |
| CoCo | 130% to Nov 2030 (4.7 yrs) |
| Announced | 17 Mar 2026 |