Commentary & Deal Flow

3yr GBP: Final Books above £800m. Peak book above £890m (pre-rec)
6yr EUR: Final Books c.€2.15bn. Peak book above €2.6bn (pre-rec)

Launched:
3yr: £300m @ UKT+90bp - Books above £890m (pre-rec)
6yr: €600m @ MS+105bp - Books above €2.6bn (pre-rec)

IPTs: 3yr: UKT+105a 6yr: MS+140a

• Issuer: General Motors Financial Company, Inc.
• Ticker: GM
• Country: US
• Issuer LEI: 5493008B6JBRUJ90QL97
• Rating Split: Issuer: Baa2/BBB/BBB (Moody's/S&P/Fitch), Issue: Baa2/BBB/BBB (Moody's/S&P/Fitch)
• Format: Senior, Unsecured, Reg S EMTN Registered
• Size:
• • 3yr: £300m
  • 6yr: €600m
• Settlement: 12-May-26 (T+5)
• Maturity Date:
• • 3yr: 12-Mar-29
  • 6yr: 12-May-32
• Coupon:
• • 3yr: Short First [∙]% FXD, Ann, Act/Act ICMA
  • 6yr: [∙]% FXD, Ann, Act/Act ICMA
• Reference Benchmark:
• • 3yr: UKT 0.5% 31-Jan-29 / HR 110%
  • 6yr: DBR 0% 15-Feb-32 / HR 110%
• MWC: Yes
• Denominations:
• • 3yr: £100k x £1k
  • 6yr: €100k x €1k
• Par Call:
• • 3yr: No
  • 6yr: 2mo
• Documentation: EMTN Programme (Base Prospectus dated 06-Jun-25 as supplemented on 24-Jul-25, 28-Oct-25, 29-Jan-26 and 30-Apr-26) / New York law
• Listing: Regulated Market of Euronext Dublin
• Selling Restrictions: As per the Base Prospectus to the Issuer’s EMTN Programme
• Sales into Canada: Yes – via exemption
• UoP: General corporate purposes
• Target Market/PRIIPs: Manufacturer target market (MiFID II and U.K. MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EEA PRIIPs key information document (KID) has been prepared as not available to retail in EEA and no disclosure document required by the FCA Product Disclosure Sourcebook has been prepared as not available to retail in the United Kingdom.
• Clearing: Euroclear / Clearstream
• Active Books: Barclays, Crédit Agricole CIB, ICBC Standard Bank, IMI - Intesa Sanpaolo, Lloyds(B&D), UniCredit
• Advertisement: The Base Prospectus and any supplements thereto are available at and the Final Terms, when published, will be available at https://live.euronext.com/en/product/bonds-detail/23983/overview
• Stabilisation: Relevant stabilisation regulations including ICMA/FCA apply
• ISIN:
• • 3yr: XS3369011542
  • 6yr: XS3369011625
• Timing: Books open, today's business. Books subject at 12:30 UKT / 13:30 CET.
• Hedge Deadline: 15:45 UKT / 16:45 CET
• Pricing Notes: GBP pricing will be vs Mid Gilts Mark as per ICMA guidelines but hedges are executed vs the DM trader's bid side