Reoffer: MS+53 bps / 99.999% / 3.163%
Benchmark: DBR 0 15-Feb-32 / 1.515% / 86.1% / B+64.8 / HR 111%
Final Books €1.85bn (incl. €90m JLM). Peak book over €2.1bn (incl. €90m JLM).
Launched: €500m @ MS+53bp - Books over €2.1bn (incl. €90m JLM)
Book Update: Books above €1.9bn (incl. €90m JLM)
Guidance: MS+60a
Issuer: OTP Mortgage Bank Ltd.
Guarantor: OTP Bank Plc.
Ticker: OTP
LEI: 529900925TK5QIGTBH86
Issue Type: Mortgage Covered Bond, 100% residential mortgages, EU harmonisation label, European Covered Bond (Premium)
Reg. classification: ECB eligible and EU LCR 2a
Format: RegS, Bearer, NGN
Expected Issue Rating: A1 by Moody's
Size: €500m
Tenor: Long 6-year
Settlement Date: 12-Feb-26 (T+6)
Maturity: 31-May-32, bullet at par (hard bullet)
Reoffer: MS+53 bps / 3.163% / 99.999%
Benchmark Bond: DBR 0 15-Feb-32 / 1.515% / 86.1% / B+64.8 / HR 111%
Coupon: 3.161% Fixed, annual, act/act ICMA, short coupon first
Business Days: T2
Joint Lead Managers: Commerzbank, DZ Bank, Erste Group (B&D), IMI-Intesa Sanpaolo, OTP Bank
Listing: Regulated market of Luxembourg Stock Exchange
Target Market: Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients (all distribution channels). NO EEA or UK PRIIPs KID will be prepared.
Denominations: €100k / €1k
Governing Law: Hungarian Law
ISIN: XS3282211286
Documentation: Issuer’s Base Prospectus dated 5-Jun-25 as supplemented by the First Supplement on 19-Sep-25 and the Second Supplement on 30-Jan-26 are all available on the Issuer’s website at https://www.otpbank.hu/otpjelzalogbank/english-contents
Timing: 14.45 CET TOE / FTT: 15:10 CET