Commentary & Deal Flow

Final Books >€825m (incl. €35m JLM). Peak book above €900m (incl. €35m JLM)

Launched: 4yr: €500m @ MS+85bp - Books above €900m (incl. €35m JLM)
Book Update: Books above €800m (incl. €35m JLM)
IPTs: 4yr: MS+110a

• Issuer: Cassa Centrale Banca - Credito Cooperativo Italiano S.p.A.
• Issuer LEI: LOO0AWXR8GF142JCO404
• Issuer Ratings: BBB+ (stable) / BBBH (stable) by Fitch / DBRS
• Security: Fixed Rate Senior Preferred Notes
• Expected Issue Ratings: BBB+ / BBBH by Fitch / DBRS
• Form of the Notes: Reg S, Bearer, Dematerialised, TEFRA not applicable
• Issue Size: €500m
• Maturity Date: 27-May-30
• Settlement Date: 27-May-26 (T+5)
• Coupon: [●]% Fixed, Annual, Act/Act (ICMA) payable in arrear in accordance with the Business Day Convention
• Interest Payment Dates: Annually every 27 May, starting from 27-May-27 (First Interest Payment Date) until the Maturity Date
• Docs: EMTN Programme dated 21-Jan-26, including full set of condition precedents and due diligence
• Denoms: €100,000 + integral multiples of €1,000
• Listing: Euronext Dublin (Regulated Market)
• Governing Law: Italian Law
• Use of Proceeds: General funding purposes
• Clearing: Euronext Securities Milan (Monte Titoli)
• MIFID II Target Market: Manufacturer target market (EU MIFID II and UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EEA PRIIPs key information document (KID) or UK CCI product summary has been prepared as not available to retail in the EEA or the UK
• Fees: The Banks will be paid a fee by the Issuer in relation to the transaction
• Joint Bookrunners: BBVA, BNP Paribas, IMI-Intesa Sanpaolo (B&D), Mediobanca, Raiffeisen Bank International
• ISIN: IT0005710790
• Timing: Books to close 12:00 UK / 13:00 CET, pricing later today
• Advertisement: The Base Prospectus, any Supplements are, and the Final Terms will be, available at: https://live.euronext.com/en/product/bonds-detail/p1319%7C26540/documents
• Investor Presentation: https://dealroadshow.com/e/BRENTEI2026 URL: https://dealroadshow.com Entry Code: BRENTEI2026