| Issuer / Guarantor | Ormat Technologies Inc |
|---|---|
| Size | USD 150mn |
| Type | Convertible |
| Leads | JP Morgan, Morgan Stanley, Goldman Sachs, HSBC |
| Maturity | 15 Mar 2031 (5 years) |
| Coupon | 0% (0%) |
| Premium | 30% (25 - 30%) |
| Calls | NC3; PC @ 130% w table MW |
| Puts | 1yrs @ 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 |