I cannot tell you for sure, as I've never personally handled one, though I have heard a bit about it. It has an A-2 blade, so it will not have a hamon unless it is falsified with etching or other methods. I believe it has a very odd shaped tang with all sorts of hooks and stuff in the shape to keep it in the handle, which I think is filled with glue. I can't tell ya much more about it, other than I'm not a stick-sword type...nor am I fond of CAS Iberia's marketing tactics.
Shinryû.