Book size: 3200; First Pay: 2026-04-19; Registration: Reg S Only; Comments: EUR500m PNC5.25 cpn fxd-rate-reset 5.00% at 99.685, yld 5.075%. Initial Margin: +253.4bps. First Reset Date: 4/19/2031. MWC: B+40bps. CoC: Yes. Tax Call: Yes. LEI: 549300TJR3PR8EXILG79;
Use of Proceeds
General corporate purposes, including the refinancing of its outstanding EUR Subordinated Fixed to Reset Rate Undated Capital Securities with a First Reset Date of 15 April 2026