| Issuer / Guarantor | BW LPG Limited |
|---|---|
| Size | USD 300mn |
| Type | Convertible |
| Leads | Citigroup, DNB Bank, Pareto Securities |
| Maturity | 09 Sep 2031 (5 years) |
| Coupon | 2 - 2.5% |
| Premium | 35 - 40% |
| Calls | @ 100% from Sep 2029 (3.1 yrs); 130% trigger |
| Puts | 3yrs @ 100% |
| Div protection | Ratio adjustment (for excess above threshold) |
| T/o protection | c/t ratchet |
| CoCo | None |
| Announced | 01 Sep 2026 |