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| Issuer / Guarantor | Alipay Singapore Holding Pte Ltd |
|---|---|
| Size | USD 450mn |
| Type | Exchangeable into Kakaopay |
| Leads | Goldman Sachs |
| Maturity | 29 Dec 2025 (0.2 years) |
| Coupon | 0% (0%) |
| Premium | 5% (5%) |
| Calls | None |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (Full) |
| T/o protection | None |
| CoCo | None |
| Announced | 02 Sep 2025 |