| Issuer / Guarantor | Porr AG |
|---|---|
| Size | EUR 150mn |
| Type | Convertible |
| Leads | BoA, Raiffeisen Bank, Oddo, Unicredit |
| Maturity | 30 Sep 2031 (5 years) |
| Coupon | 2.5 - 3% |
| Premium | 27.5 - 32.5% |
| Calls | @ 100% from Dec 2029 (3.2 yrs); 130% trigger |
| Puts | None |
| Div protection | Ratio adjustment (Full) |
| T/o protection | c/t ratchet |
| CoCo | None |
| Announced | 22 Sep 2026 |