| Issuer / Guarantor | Marui Co Ltd |
|---|---|
| Size | JPY 50000mn |
| Type | Convertible |
| Leads | Nomura, Daiwa, SMBC Nikko |
| Maturity | 30 Sep 2031 (5.1 years) |
| Coupon | 0% (0%) |
| Premium | 7.99% (3 - 13%) |
| Calls | @ 100% from Sep 2031 (5 yrs); % trigger |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (Full) |
| T/o protection | c/t ratchet |
| CoCo | 150% to Sep 2030 (4.1 yrs) |
| Announced | 24 Aug 2026 |