| Issuer / Guarantor | Shimizu Corporation |
|---|---|
| Size | JPY 50000mn |
| Type | Convertible |
| Leads | Nomura, Mizuho |
| Maturity | 14 Oct 2031 (5 years) |
| Coupon | 0% (0%) |
| Premium | 21.04% (21 - 31%) |
| Calls | @ 100% from Sep 2031 (4.9 yrs); % trigger |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (Full) |
| T/o protection | Make-whole table |
| CoCo | 150% to Sep 2030 (4 yrs) |
| Announced | 24 Sep 2026 |