5.5 yr: Book size: 3400; Registration: Reg S Only; Comments: 5.5yr EUR1bn covered. Aaa/nr/AAA. BNPP/DZ/ING/KBC(B&D/DM)/LBBW/UBS. Guidance MS+12 area revised MS+7 (+/-1 WPIR) for 1bn, set MS+6 on bk >3.4bn (peaked >3.9bn) ex-JLM, HR 92% vs DBR 0,5% Feb 2026+41.3 @106.425. FTT 2.30pm;