Commentary & Deal Flow

Reoffer: 6yr: MS+68bp / 99.469 / 3.6%
Benchmark: 6yr: DBR 0 15-Feb-32 @ 85.320 / B+81.7bp (HR: 110%)

Final Books: in excess of €1.9bn. Peak book over €2.5bn (pre rec)

Launched: 6yr: €600m @ MS+68bp - Books over €1.9bn (pre rec)
Guidance: 6yr: MS+70a (+/-2bp) WPIR - Books over €2.5bn (pre rec)
IPTs: 6yr: MS+100a

• Issuer: Coca-Cola Europacific Partners plc (Ticker: CCEP, Country: GB)
• Issuer LEI: 549300LTH67W4GWMRF57
• Issuer Ratings (M/F): A3 (Stable) / A- (Stable)
• Expected Issue Ratings (M/F): A3 / A-
• Format: Senior, Unsecured, Reg S, Registered, NSS
• Settlement: 08-May-26 (T+5)
• Currency: Euro (“EUR”)
• Tenor: 6-year
• Size: €600m
• Maturity date: 08-May-32
• Re-offer: MS+68bps / 99.469 / 3.600%
• Coupon: 3.500%, Fixed, Annual Act/Act (ICMA), Following, Unadjusted
• ISIN / Common Code: XS3367599860 / 336759986
• Reference Bund: 81.7bps vs DBR 0 15-Feb-32 @85.320 / 2.783% (HR: 110%) (Bund ISIN: DE0001102580)
• Early Redemption: Make Whole Call (B+15bps), 3-month Par Call, Clean-Up Call (75% threshold), Tax Call
• Docs: Euro Medium Term Note Programme Offering Circular dated 18-Mar-26 as supplemented on 29-Apr-26 (together, the “Offering Circular”)
• Denomination: €100,000 and integral multiples of €1,000 in excess thereof
• Listing / Admission to Trading: Official List of the Irish Stock Exchange plc trading as Euronext Dublin / Global Exchange Market
• Clearing: Euroclear and Clearstream
• Business Days: London, T2
• Governing Law: New York Law
• Selling Restrictions: As per the Offering Circular. Reg S Cat 2. TEFRA not applicable.
• Covenants: Negative Pledge, restriction on sale and leaseback transactions – as set out in the Offering Circular
• UoP: General corporate purposes (including, without limitation, the repayment of indebtedness from time to time)
• Target Market / PRIIPs: Manufacturer target market (EU MiFID II / UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EEA PRIIPs key information document (KID)has been prepared as the Notes are not available to retail in the EEA
• Joint Lead Managers: Barclays, BNP Paribas (B&D), Deutsche Bank, Goldman Sachs International
• Stabilisation: FCA/ICMA
• Timing: TOE: 14:48 UKT | FTT: 15:10 UKTPRICED: Coca-Cola Europacific Partners €600m 6yr Sr Unsec; MS+68bp