Commentary & Deal Flow

Final book > €2.2bn. Peak book > €2.8bn (Pre-rec)

Launched: 7yr: €600m @ MS+105bp - Books > €2.8bn (Pre-rec)
IPTs: 7yr: MS+135/140bp

• Issuer: Goodman Australia Finance Pty Limited (Ticker: GMGAU, Country: AU)
• Guarantors: Goodman Limited; Goodman Funds Management Limited in its capacity as responsible entity for Goodman Industrial Trust; Goodman Logistics (HK) Limited
• Issuer Ratings: Baa1 (Stable) / BBB+ (Stable) (Moody's/S&P)
• Expected Issue Ratings: Baa1 / BBB+ (Moody's/S&P)
• Form of the Notes: Registered
• Format: 144A/Reg S
• Ranking: Guaranteed Senior Unsecured
• Tenor: 7 year
• Size: €600m
• Settlement Date: 29-Apr-26 (T+7)
• Maturity Date: 29-Apr-33
• Coupon: Fixed (Annual, Act/Act ICMA)
• Reference Benchmark: DBR 2.3% Feb-33 (TWIN)
• Hedge Ratio (HR): 100%
• Hedge Deadline: 15.35 UKT / 16.35 CET
• Use of Proceeds: Proceeds expected to be used for general corporate and trust purposes which includes repayment of certain indebtedness
• Documentation: Preliminary OM dated 22-Apr-26 / Make Whole Call / 3-month Par Call / SGX-ST List / New York Law / €100k+€1k
• Target Market: MiFID II professionals/UK MiFIR professionals/ECPs-only/No EEA PRIIPs KID or UK CCI Regulations product summary - Manufacturer target market (MiFID II and UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EEA PRIIPs key information document (KID) or product summary under the FCA Product Disclosure Sourcebook has been prepared as not available to retail in the EEA or the United Kingdom
• Selling Restrictions: As per the Preliminary Offering Memorandum dated 22-Apr-26
• Issuer LEI: 213800AQVHS7SCC93B80
• DealRoadshow: https://dealroadshow.com/e/GOODMAN2026Visit www.dealroadshow.com Deal Entry Code: GOODMAN2026
• Joint Global Coordinators: HSBC / J.P. Morgan
• Joint Bookrunners: HSBC (B&D) / J.P. Morgan / ING / RBC Capital Markets / SMBC
• ISIN: 144A: XS3356038342, RegS: XS3356038003
• Common Code: 144A: 335603834, RegS: 335603800
• Schedule: Pricing later today