| Issuer / Guarantor | Shenergy Co Ltd |
|---|---|
| Size | CNY 2000mn |
| Type | Convertible |
| Leads | Huatai United Sec, Orient Securities, China Securities |
| Maturity | 24 Jul 2032 (6 years) |
| Coupon | Structured |
| Premium | % |
| Calls | @ 100% from Jan 2027 (0.5 yrs); 130% trigger |
| Puts | from 4yrs @ 100% |
| Div protection | Ratio adjustment (Full) |
| T/o protection | None |
| CoCo | None |
| Announced | 21 Jul 2026 |