| Issuer / Guarantor | Exail Technologies |
|---|---|
| Size | EUR 300mn |
| Type | Convertible |
| Leads | BNP Paribas, Natixis, Credit Agricole |
| Maturity | Perpetual |
| Coupon | Structured |
| Premium | 25% (25 - 30%) |
| Calls | @ 100% from Oct 2028 (3.1 yrs); 130% trigger |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (Full) |
| T/o protection | c/t ratchet |
| CoCo | None |
| Announced | 23 Sep 2025 |