| Issuer / Guarantor | Accor |
|---|---|
| Size | EUR 380mn |
| Type | Convertible |
| Leads | Credit Agricole, Natixis, Societe Generale, Deutsche Bank, HSBC, Mizuho, CIC, Santander |
| Maturity | 09 Mar 2032 (5.5 years) |
| Coupon | 1.125 - 1.625% |
| Premium | 35 - 40% |
| Calls | @ 100% from Mar 2030 (3.6 yrs); 130% trigger |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (for excess above threshold) |
| T/o protection | c/t ratchet |
| CoCo | None |
| Announced | 02 Sep 2026 |