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Issuer / Guarantor
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Mekar Capital II Ltd / Mekar Capital I Ltd
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Size
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USD 300mn
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Type
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Exchangeable into SDG
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Leads
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BNP Paribas, JP Morgan, Maybank
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Maturity
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24 Sep 2031 (5 years)
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Coupon
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1.5% (1.125 - 1.625%)
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Premium
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10% (10%)
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Calls
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@ 100% from Oct 2029 (3 yrs); 130% trigger
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Puts
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3yrs @ 100%
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Div protection
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Ratio adjustment (Full)
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T/o protection
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c/t ratchet
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CoCo
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130% to May 2031 (4.6 yrs)
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Announced
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08 Sep 2026
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