Commentary & Deal Flow

Česká spořitelna (ticker: "CESSPO", country: CZ), rated A1/A by Moody's/Fitch, has mandated Erste Group as Global Coordinator and BayernLB, Commerzbank, DZ BANK, Erste Group, Helaba and Natixis as Joint Bookrunners for its inaugural EUR transaction. The issuer is available for investor calls upon request.

An expected €500m (WNG), Reg S Bearer, 5-year Mortgage Covered Bond offering will follow, subject to market conditions. The Notes are labelled European Covered Bond (Premium), expected to be rated Aaa by Moody’s, CRR Art 129, LCR Level 1, and ECB repo compliant.

• Base Prospectus: Covered Bond Programme dated 6-Mar-26 - https://www.csas.cz/en/documents-to-download#/1492/Mortgage-Covered-Bonds-Programme-(German-law)
• Investor Presentation: https://www.csas.cz/en/documents-to-download#/1503/Debt-Investors-Presentation
• Transparency Template: Dated 31-Mar-26 - Česká spořitelna Harmonized Transparency Template