Belfius Bank SA/NV (CCBGBB)

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Belfius Bank SA/NV (CCBGBB)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	FNCL	PRCD	CCBGBB	Belfius Bank SA/NV	€750		1	EMEA	Aug 18, 2026

Tranche #1Belfius Bank SA/NV

currency

EUR

size (m)

750.000

maturity

Aug 25, 2033

type

Fixed

tenor

7.000

call

registration

benchmark

Swaps

ranking

Senior Preferred

moody's

s&p

fitch

size description

re-open/tap

ipt

MS+90-95

ipt-pxd

-22.5

guidance

Set at MS+70#

spread

coupon

3.75%

spread set

price

99.27000

yield

3.871%

book size (m)

1,100

peak book (m)

1,275

x-covered

1.47

book attrition

-13.73%

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

1,100

peak book (m)

1,275

x-covered

1.47

book attrition

-13.73%

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche Comments

Book size: 1100; First Pay: 2027-08-25; Comments: DBR 2.6% Aug-33 +77.9bps (Spot: 96.95 / HR: 99%). Tax Call: Yes. Clean-Up Call: 75%. Regulatory Call: Yes. LEI: A5GWLFH3KM7YV2SFQL84;

Use of Proceeds

An amount equivalent to the net proceeds of the issue of the Notes is intended to be applied exclusively to finance and/or refinance, in whole or in part, loans and investments realised by the Issuer to finance projects and/or assets (the “Eligible Social Assets”), as described in the Base Prospectus dated 6 May 2026, the applicable Final Terms and the Social Bond Framework

Relative Value

Senior Preferred Social
7yr (Aug 2033) @ MS+90/95

Implied Spread for fresh 7yr @ MS+60

Priced at MS+70
NIC of +10

COMPS
Issuer	Coupon (%)	Size (€m)	Pricing Date	Maturity	I-Spread Bid (bps)	ESG
CCBGBB	3.125	500	23-Jan-25	30-Jan-31	53
CCBGBB	3.25	500	02-Sep-25	09-Sep-32	56	Green
ABNANV	3	750	15-Sep-25	22-Sep-32	50	Green
ABNANV	3.625	500	17-Aug-26	24-Aug-33	57	Green
NDAFH	3.625	750	17-Aug-26	24-Aug-33	55

Hide Details

CreditFlow: End of Day (Europe IG)	Aug 18, 2026

Aug 18, 2026

1 to 1 of 1

	PRICED: Belfius Bank €750m 7yr Social SP; MS+70bp	Aug 18, 2026
	ALLOCATIONS OUT: Belfius Bank €750m 7yr Social SP; MS+70bp	Aug 18, 2026
	LAUNCHED: Belfius Bank €750m 7yr Social SP; MS+70bp	Aug 18, 2026
	UPDATE: Belfius Bank € bmk 7yr Social SP; Spread set at MS+70bp	Aug 18, 2026
	UPDATE (BOOKS): Belfius Bank € bmk 7yr Social SP; MS+90/95bp	Aug 18, 2026
	NEW ISSUE: Belfius Bank € bmk 7yr Social SP; MS+90/95bp	Aug 18, 2026

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Belfius Bank SA/NV (CCBGBB)

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