| Issuer / Guarantor | Exail Technologies |
|---|---|
| Size | EUR 200mn |
| Type | Convertible |
| Leads | BNP Paribas, Natixis |
| Maturity | Perpetual |
| Coupon | Structured |
| Premium | % |
| Calls | @ 100% from Oct 2028 (2.8 yrs); 130% trigger |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (Full) |
| T/o protection | c/t ratchet |
| CoCo | None |
| Announced | 12 Jan 2026 |