Commentary & Deal Flow

Reoffer: 5yr: MS+105bp / 99.572 / 3.971%
Benchmark: 5yr: DBR 0 15-Feb-31 @ 87.645 / B+123.3bp / HR 107%

Launched: 5yr: €500m @ MS+105bp - Book > €1.9bn
IPTs: 5yr: MS+135a

• Issuer: Colonial SFL SOCIMI, S.A.
• Ticker: COLSM
• Country: ES
• Ratings: Baa1 (stb.) by Moody's and BBB+ (stb.) by S&P
• Exp. Issue Ratings: BBB+ by S&P
• LEI: 95980020140005007414
• Format: Senior Unsecured / Green / Reg S / Bearer (TEFRA D rules apply, no communications with or into the U.S.)
• Issue Date: 26-Mar-26
• Settlement: 08-Apr-26 (T+7)
• Size: €500m
• Maturity: 08-Apr-31
• Reoffer: MS+105bp / 99.572 / 3.971%
• Coupon: 3.875% Fixed, annual, act/act, ICMA
• Documentation: EMTN prospectus dated 10-Sep-25 and supplemented on 17-Dec-25
• Listing: Euronext Dublin (Regulated Market)
• Put/Call Options: CoC / MWC +20 / 80% Clean-up / 3m par call
• Financial Covenants: Unencumbered Total Assets Value at least equal to the Unsecured Debt / Loan-to-Value Ratio equal or lower 60% / Interest Coverage Ratio equal or higher 1.75x
• Governing Law: English law
• Clearing: Euroclear and Clearstream
• UoP: To finance or refinance Eligible Green Projects as further described in the Green Bond Framework (available on the following website: https://www.inmocolonial.com/en/shareholders-and-investors/fixed-income/green-bonds/framework)
• Denoms: €100k+100k
• Joint Bookrunners: BNP Paribas, CaixaBank, Crédit Agricole CIB, IMI-Intesa Sanpaolo and Natixis (B&D)
• Advertisement: This communication is an advertisement for the purposes of Regulation (EU) 2017/1129 and underlying legislation. It is not a prospectus. The base prospectus and supplements are available on Euronext’s website (https://live.euronext.com/en/search_instruments/colonial?restMic) The Final Terms when available, will be also published on Euronext’s website (https://live.euronext.com/en/search_instruments/colonial?restMic)
• Target Market: Manufacturer target market (MIFID II & UK MiFIR) product governance is eligible counterparties and professional clients only (all distribution channels). No EU PRIIPs or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or UK.
• Selling restrictions: See “Subscription and Sale” section of the Base Prospectus
• Stabilisation: Relevant stabilisation regulations including FCA/ICMA apply
• ISIN / Common Code: XS3320133781 / 332013378
• ToE: 14:26 UKT / 15:26 CET
• FTT: 15:00 UKT / 16:00 CET