Commentary & Deal Flow

Final Books above €575m (incl. €30m JLM). Peak book above €790m (pre-rec)

Launched: 6NC5: €250m @ MS+125bp - Books above €790m (incl. €70m JLM interest) pre-rec
Book Update: Books above €625m (incl. €70m JLM)
IPTs: 6NC5: MS+155bp area

• Issuer: Tatra banka, a.s.
• Issuer LEI: 3157002JBFAI478MD587
• LT Issuer Rating: Moody’s: Baa1, Stable outlook
• Expected Issue Ratings: Moody's: Baa1
• Type and Status of the Notes: Unsubordinated and Unsecured Senior (Preferred) Notes qualifying as Green Notes and MREL Eligible Notes Obligations from the Notes constitute direct, general, unsecured, unconditional and unsubordinated obligations of the Issuer which rank pari passu among themselves and always rank at least pari passu with any other direct, general, unsecured, unconditional and unsubordinated obligations of the Issuer, present and future, save for those obligations of the Issuer as may be stipulated by mandatory provisions of law. Set-off rights are excluded.
• Format: Reg S Bearer
• Size: €250m
• Settlement Date: 26-May-26
• Maturity Date: 26-May-32
• Early Redemption Date: 26-May-31
• Early Redemption Date: 26-May-31 (after 5 years) one-time call option, at par, in whole, at the Issuer’s discretion, subject to regulatory approval and <60;30> day notice as defined in the Base Prospectus
• Coupon: Fix-To-Float, [•]% p.a., payable annually on 26-May-27, 26-May-28, 26-May-29, 26-May-30, 26-May-31; 3M Euribor + [•]% p.a., payable quarterly in the last year until Maturity Date if the early redemption of the Notes is not exercised
• Docs: Issuer´s Base Prospectus dated 11-May-26
• Denoms: €100k / 100k
• Listing: Bratislava Stock Exchange – Regulated Free Market (regulovaný voľný trh)
• Governing Law: Slovak Law
• Product Governance / MIFID II: Manufacturer Target Market (MIFID II product governance) is professional clients and eligible counterparties only (all distribution channels). No PRIIPs key information document (KID) has been prepared as not available to retail in EEA.
• Use of Proceeds: In-line with the Issuer’s Sustainable Bond Framework, available at https://www.tatrabanka.sk/en/about-bank/economic-results/green/
• Fees: The Banks will be paid a fee by the Issuer in relation to the transaction
• Joint Bookrunners: Barclays Bank Ireland PLC, Commerzbank AG, ING Bank N.V., Raiffeisen Bank International AG (B&D)
• ISIN: SK4000029559
• Timing: Books open, today’s business
• Books Subject: 13:00 CET
• Advertisement: The Base Prospectus is available at: https://www.tatrabanka.sk/en/about-bank/economic-results/prospectus ** The Final Terms (when published) will be available at https://www.tatrabanka.sk/en/about-bank/economic-results/other-bonds/