| Issuer / Guarantor | China Hongqiao Group Ltd |
|---|---|
| Size | CNY 10200mn |
| Type | Convertible |
| Leads | UBS, CMB, China Securities, Deutsche Bank |
| Maturity | 04 May 2027 (1 years) |
| Coupon | 0% |
| Premium | 25 - 30% |
| Calls | @ 100% from Jun 2026 (0.1 yrs); 120% trigger |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (for excess above threshold) |
| T/o protection | c/t ratchet |
| CoCo | None |
| Announced | 27 Apr 2026 |