| Issuer / Guarantor | Kawasaki Heavy Industries |
|---|---|
| Size | JPY 50000mn |
| Type | Convertible |
| Leads | Nomura, Mizuho |
| Maturity | 31 Jul 2031 (5 years) |
| Coupon | 0% |
| Premium | 37 - 47% |
| Calls | @ 100% from Jul 2029 (3 yrs); 130% trigger |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (Full) |
| T/o protection | c/t ratchet |
| CoCo | None |
| Announced | 02 Jul 2026 |