| Issuer / Guarantor | Zhen Ding Technology Holding Limited |
|---|---|
| Size | USD 800mn |
| Type | Convertible |
| Leads | Morgan Stanley, Citigroup |
| Maturity | 29 Sep 2031 (5 years) |
| Coupon | 0% (0%) |
| Premium | 12.5% (10 - 15%) |
| Calls | @ 100% from Sep 2029 (3 yrs); 125% trigger |
| Puts | 3yrs @ 100% |
| Div protection | Ratio adjustment (Full) |
| T/o protection | None |
| CoCo | None |
| Announced | 22 Sep 2026 |