Commentary & Deal Flow

Reoffer: long 7yr: MS+54bp / 99.998 / 3.446%
Benchmark: long 7yr: DBR 2.6 15-Aug-33 @ 98.486 / B+61.2bp, HR 99%

Final Books: Above €1bn (incl. €200m JLM). Peak book above €1.1bn.

Launched: long 7yr: €500m @ MS+54bp - books above €1.1bn (incl. €200m JLM)
Book Update: Books above €1bn (incl. €150m JLM)
Guidance: long 7yr: MS+60a

• Issuer: OTP Mortgage Bank Ltd.
• Ticker: OTP
• LEI: 529900925TK5QIGTBH86
• Issue Type: Mortgage Covered Bond, 100% residential mortgages, EU harmonisation label European Covered Bond (Premium)
• Regulatory Classification: ECB eligible and EU LCR 2a
• Format: Reg S, Bearer
• Expected Issue Rating: A1 (Moody's)
• Size: €500m
• Coupon: 3.444% fixed, annual, act/act ICMA, short first
• Settlement Date: 03-Jun-26
• Maturity: 31-Aug-33
• Reoffer: MidSwaps +54 bps, Yield 3.446% , Price 99.998%
• Benchmark: DBR 2.600% 15-Aug-33 @ 98.486% +61.2 bps, HR 99%
• Bookrunners: BNP Paribas (B&D), Erste Group, Helaba, ING, OTP Bank and UniCredit
• Listing: Regulated markets of Luxembourg Stock Exchange
• Target Market: Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients (all distribution channels). NO PRIIP, NO KID will be prepared.
• Denominations: €100k/€1k
• Governing Law: Mortgage notes will be governed by Hungarian law
• ISIN: XS3392853902
• Advertisement: Under the Issuer´s €5 billion Debt Issuance Programme dated 22-May-26, available at: https://www.otpbank.hu/otpjelzalogbank/english-contents
• Timing: TOE: 15:09 CET FTT: 15:25 CET