| Issuer / Guarantor | Deutsche Borse AG |
|---|---|
| Size | EUR 600mn |
| Type | Convertible |
| Leads | BNP Paribas, Deutsche Bank, Barclays, JP Morgan |
| Maturity | 16 Sep 2031 (5 years) |
| Coupon | 0.5% |
| Premium | 30 - 35% |
| Calls | @ 100% from Nov 2029 (3.1 yrs); 130% trigger |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (for excess above threshold) |
| T/o protection | c/t ratchet |
| CoCo | None |
| Announced | 09 Sep 2026 |