Commentary & Deal Flow

Reoffer: 5yr: MS+135bp / 98.505 / 4.339%
Benchmark: 5yr: DBR 0% 15-Feb-31 @ 87.44 / B+155.0bp / HR:106%

Final Books: Books above €1.85bn (pre-rec)

Launched: 5yr: €500m @ MS+135bp - Books above €1.85bn (pre-rec)
IPTs: 5yr: MS+165a

• Issuer: SIG Combibloc PurchaseCo S.à r.l. (Ticker: SIGCBL; Country: LUX)
• Issuer LEI: 549300Q95MWZB4BXB866
• Guarantor: SIG Group AG (Ticker: SIGN SW; Country: CH)
• Guarantor LEI: 5493004Z6P7TSVB1L042
• Guarantor Ratings: Baa3/BBB- (Moody's/S&P)
• Expected Issue Ratings: Baa3/BBB- (Moody's/S&P)
• Format: Reg S Bearer
• Ranking: Senior, unsecured
• Settlement: 07-Apr-26
• Maturity Date: 07-Apr-31
• Size: €500m
• Reoffer: MS+135bps / 98.505 / 4.339%
• Reference Benchmark: DBR 0% 15-Feb-31 @ 87.44 / 2.789% (HR:106%)
• Par Call: 1m
• Coupon: 4.000% Fixed, Annual, Act/Act ICMA, following business day convention unadjusted
• ISIN: XS3314905046
• Joint Bookrunners: BNP Paribas (B&D), BofA Securities, DZ BANK AG, HSBC, Rabobank
• Docs: Preliminary stand-alone prospectus dated 26-Mar-26 / €100k+1k / Swiss Law / Tax Call, Make-Whole Call (B+25), Change of Control, Clean-up Call (80%)
• Listing: SIX Swiss Exchange
• Use of Proceeds: General corporate purposes and the refinancing of existing indebtedness
• Selling Restrictions: Reg S Cat 2, EEA, UK, Singapore, Canada – please refer to the Prospectus for a detailed overview. TEFRA D.
• Timing: PRICED. TOE: 14.33 UKT / FTT 14.50 UKT