Commentary & Deal Flow

Final books €2.25bn (incl. €195m JLM)

Launched: 6yr: €750m @ MS+24bp - Books above €2.0bn (incl. €195m JLM)
Book Update: Books in excess of €1.5bn (excl. JLM)
Guidance: 6yr: MS+30a

• Issuer: Belfius Bank SA/NV (Ticker: CCBGBB)
• LEI: A5GWLFH3KM7YV2SFQL84
• ISIN: BE0390317866
• Collateral: Belgian Residential Mortgages
• Status: European Covered Bond (Premium), ECBC Covered Bond Label compliant
• Format: Reg S, Dematerialised
• Expected Rating: AAA/AAA (S&P/Fitch)
• Size: €750m
• Maturity Date: 27-May-32, soft bullet
• Settlement: 27-May-26 (T+5)
• Coupon: Fixed, Annual ACT/ACT ICMA
• Reference Gilt: DBR 1.7 15-Aug-32 (HR: 100%)
• Listing: Euronext Brussels
• Governing Law: Belgian Law
• Denoms: €100k + €100k
• Docs: Issuer’s Belgian Mortgage Pandbrieven Programme
• Bookrunners: Barclays, Belfius, Erste Group, LBBW, ING (B&D), Nordea
• Clearing: Securities Settlement System of the NBB, Eligible Investors only (X-accounts)
• Fees: The banks will be paid a fee by the Issuer in connection to the transaction
• Target Market: Manufacturer target market (MIFID II/ MIFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as not available to retail in the UK or EEA.
• Advertisement: The base prospectus dated 10-Oct-25 and its supplements are available and the Final Terms, when published, will be available at https://www.belfius.be/about-us/en/investors/debt-issuance/pandbrieven/belgian-mortgage
• Schedule: Books open, today's business. Books to close at 12.00 CET
• Hedge Deadline: Hedges to the desk before 14:00 CET