Commentary & Deal Flow

Final books above €1.1bn (incl. €225m JLM)

Book Update: Books above €1bn (incl. €225m JLM)
Guidance: 5yr: MS+36a

• Issuer: Československá obchodná banka, a.s.
• LEI: 52990096Q5LMCH1WU462
• Issuer Rating: A2 – negative outlook (Moody’s)
• Expected Issue Rating: Aaa (Moody’s)
• Status of the Notes: Slovak Mortgage Covered Bond EU harmonization label European Covered Bond (Premium)
• Form of the Notes: Reg S bearer, dematerialized
• Size: €500m (no grow)
• Tenor: 5-year
• Trade Date: 19-May-26
• Settlement: 26-May-26 (T+5)
• Maturity Date: 26-May-31
• Coupon: Fixed, annual, Act/Act (ISDA), unadjusted
• Guidance: MS+36bps area
• Business days: T2, Bratislava
• Listing: Bratislava Stock Exchange
• Governing law: Slovak Law
• Clearing system: Slovak CSD (also cleared and settled via CLS/ECL)
• Denomination: €100,000 + €100,000
• ISIN: SK4000029518
• Documentation: Pursuant to the issuer’s €5.5bn debt securities issuance programme and its base prospectus dated 26-Aug-25 and supplemented by supplement no. 1 dated 17-Apr-26 and by supplement no. 2 dated 27-Apr-26
• Target Market: The manufacturer target markets (MIFID II product governance) for the bonds are eligible counterparties and professional clients (all channels for distribution of the bonds are appropriate).
• Selling Restrictions: Reg S and as further set out in the base prospectus
• Fees: The Banks will be paid a fee by the issuer in respect of the placement of the securities.
• Joint Lead Managers: Danske Bank, Erste Group (B&D), KBC, LBBW, Natixis
• Advertisement: The Base Prospectus, any supplements thereto, and the Final Terms (when published) are available at https://www.csob.sk/o-nas/cenne-papiere/kryte-dlhopisy
• Timing: Books open, today’s business