Book size: 815; Registration: Reg S Only; Comments: EUR500m 8yr Green, fxd cpn 3.125% at 99.883, yld 3.141%. Spread: MS+30bps. DBR 2.2 02/15/34 @95.85 +35.0bps (HR 103%). LEI: 549300T7MMTBQXCJOQ79;
Deal Comments
Reoffer: 8yr: MS+30bp / 99.883 / 3.141%
Benchmark: 8yr: DBR 2.2 15-Feb-34 @95.85 +35.0bps (HR 103%)
Launched: €500m at MS+30bp - Books EUR 960m+ (incl 175m JLM)
Book Update: EUR 900m+ (incl 175m JLM)
Guidance: 8yr: MS+35a
Issuer: Eika Boligkreditt AS (Ticker: EIKBOL-
LEI: 549300T7MMTBQXCJOQ79
Status of the Notes: Norwegian Covered Bonds backed by prime Norwegian residential mortgages (European Covered Bond (Premium) and ECBC Covered Bond Label compliant), ECB repo & LCR Level 1B eligible
Format: Reg S, bearer
Use of Proceeds: Green Bonds, in accordance with the Eika Boligkreditt's Green Bond Framework
Expected Issue Rating: Aaa (Moody’s)
Issue Size: €500m
Coupon: 3.125% p.a., fixed, annual, Act/Act ICMA, unadjusted following, Long First Coupon
Pricing Date: 17-Mar-26
Settlement: 24-Mar-26 (T+5)
Maturity: 24-Apr-34 (soft bullet)
Reoffer: MS+30bps / 99.883 / 3.141%
Denominations: €100k + 1k
Benchmark: DBR 2.2 15-Feb-34 @95.85 +35.0bps (HR 103%)
Listing: Euronext Dublin
Governing Law: English and, as per Condition 2 of the Terms and Conditions, Norwegian Law
ISIN: XS3324588410
Documentation: Euro Medium Term Covered Note Programme of the issuer, dated 16-Oct-25
Advertisement: The Prospectus, any supplements thereto, and the Final Terms (when published) will be available at: https://www.eikbol.no/Investor-relations?sc_lang=en
Target Market: Manufacturer target market (MiFID II/UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels)
Joint Lead Managers: BMO Capital Markets, Helaba, ING, SEB and UniCredit
Sole Green Bond Structurer: ING
Fees: The Joint Lead Managers will be paid a fee by the issuer in respect of the placement of the securities
Timing: Priced, ToE 14:21 CET, FTT 15:35 CET
Use of Proceeds
Green Bonds, in accordance with the Eika Boligkreditt's Green Bond Framework