NEW ISSUE: BAWAG P.S.K. US$ bmk 3yr CB; SOFR MS+55a
IGC European Market: Deal Flow - General
Issuer
Term
Maturity
Size
Ranking
Type
Guidance
BAWAG P.S.K.
3yr
29-May-29
bmk
CB
Fixed
SOFR MS+55a
Guidance: 3yr: SOFR MS+55a
Issuer:BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft (Ticker: BAWAG)
LEI: 529900ICA8XQYGIKR372
Expected Issue Ratings: Aaa (Moody’s) expected
EU Harmonisation Label: European Covered Bond (Premium)
Format: Reg S, Mortgage Covered Bonds
Currency / Size: US$ Benchmark
Tenor: 3-year
Guidance: SOFR MS (S.A. 30/360) +55bps area
Trade Date: 20-May-26
Settlement Date: 29-May-26 (T+7)
Maturity Date: 29-May-29 (soft bullet)
Coupon: [●]% Annual, 30/360 Unadjusted
Coupon on Extension: Compounded Daily SOFR (Index Determination) + spread, payable monthly in arrear
Business Days: New York, T2
Denomination: US$ 200,000 + 200,000
Listing: Regulated Market of the Luxembourg Stock Exchange
Law: The Notes, as to form and content, and all rights and obligations of the Noteholders and the Issuer, shall be governed by German law and comply with the Austrian Covered Bond Act (Bundesgesetz über Pfandbriefe, Federal Law Gazette I No. 199/2021 as amended – the "PfandBG").
ISIN / Common Code: XS3389663348/ 338966334
Joint Bookrunners: BMO Capital Markets, Citi, RBC Capital Markets, TD Securities and UBS Investment Bank (B&D)
Selling Restrictions: General, EEA, US (TEFRA D), UK, Hong Kong, Japan, Republic of Singapore; Canada; as further set out in the Base Prospectus.
MIFID II Product Governance Target Market: No PRIIPs or UK PRIIPs key information document (KID)/CCI Product Summary has been prepared as not available to retail in EEA or the UK.
Documentation: Under the Issuer’s existing Debt Issuance Programme with base prospectus dated 27-Mar-26 and the supplement to the base prospectus dated 21-Apr-26