Coupon: Fixed, Annual, Act/Act (ICMA), short first coupon
Benchmark Bund: DBR 2.6 08/33
Optional Redemption: Make-whole; 3 month Par Call
Change of Control: Yes, at 101%
Change of Control Step-up Ratings Change: Step-up grid in the event a Change of Control occurs and NBN Co is rated in the Baa2/BBB band or below
Cross Acceleration: Applicable
Negative Pledge: Applicable
ISIN/Common Codes: XS3368925387 / 336892538
Use of Proceeds: The net proceeds from the Notes will be exclusively applied to finance or refinance, in part or in full, new and/or existing eligible green and social projects that meet one or more of the categories of eligibility as recognised in the Green Bond Principles as Eligible Green Projects and the Social Bond Principles as Eligible Social Projects, each as outlined in, and in accordance with, the NBN Co Sustainability Bond Framework dated June 2024 (the “Framework”). The allocation of funds is estimated to be a minimum of 80% for eligible green projects and 20% for eligible social projects. Sustainalytics has provided a Second Party Opinion dated 26 June 2024 on the Framework.
Second Party Opinion Provider: Sustainalytics
Documentation: The Offering Circular dated 08-Sep-25 relating to the Issuer’s U.S. $50,000,000,000 Global Medium Term Note Programme and any amendment or supplement thereto including the Preliminary Pricing Supplement dated 07-May-26
Governing Law: English
Denominations: €100,000/€1,000
Joint Lead Managers: Barclays, BNPP(B&D), Crédit Agricole CIB, Deutsche Bank, HSBC
Listing: Application will be made to list the Notes on the Singapore Exchange Securities Trading Limited
Clearing: Euroclear/Clearstream
Target Market/PRIIPs: MiFID II and UK MiFIR professionals/ECPs-only - Manufacturer target market (MIFID II and UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) or disclosure document required by the FCA Product Disclosure Sourcebook has been prepared as not available to retail in the EEA or the United Kingdom
Selling Restrictions: As per the Programme Documentation - Regulation S Category 2, TEFRA not applicable