Commentary & Deal Flow

Final Books above €1.3bn. Peak book above €2.3bn (pre-rec)

Launched: 8NC7: €750m @ MS+95bp - Orderbooks above €2.3bn (pre-rec)
Book Update: Books above €1.5bn
IPTs: 8NC7: MS+125/130bp

• Issuer: Bankinter S.A. (Ticker: BKTSM)
• LEI: VWMYAEQSTOPNV0SUGU82
• ISIN: ES0213679OV1
• Issuer Rating: A2/A-/A (Moody's/S&P/DBRS)
• Expected Issue Rating: BBB/AL (S&P/DBRS)
• Status: Senior Non-Preferred Notes (the “Securities”)
• Form of Securities: Reg S, dematerialised book entry form (anotaciones en cuenta)
• Amount: €750m
• Use of Proceeds: An amount equal to the net proceeds will be used to finance or refinance, in whole or in part, an eligible portfolio of green loans and/or financial assets in accordance with Bankinter’s Green Bond Framework
• Pricing Date: 26-May-26
• Tenor: 8NC7
• Settlement Date: 02-Jun-26, T+5
• Maturity Date: 02-Jun-34 (8 years)
• Optional Redemption Date: 02-Jun-33 (7 years) one-time call option (as set out in Optional Redemption below)
• Coupon: [•]% Fixed, annual, payable in arrear, Act/Act (ICMA), following unadjusted, until the Optional Redemption Date. If not redeemed on the Optional Redemption Date, 1-year mid-swap + Reset Margin
• Coupon Dates: Payable annually in arrears on 02-Jun of each year, commencing 02-Jun-27, up to and including the Maturity Date
• Day Count Fraction: Fixed Rate Period: Actual/Actual ICMA, unadjusted
• Business Day: T2
• Reference Gilt: DBR 2.3% Feb-33
• Hedge Ratio (HR): 101%
• Hedge Deadline: 15:05 UKT / 16:05 CET
• Optional Redemption: On the Optional Redemption Date the Notes may be redeemed at the option of the Issuer, in whole but not in part, at par, subject to compliance with Applicable Banking Regulations then in force and permission of the Competent Authority and/or the Relevant Resolution Authority, if and as required therefor under Applicable Banking Regulations
• Redemption Price: 100%
• Clean-Up Call: Applicable, 75%
• Redemption for Eligibility Event: When an Eligibility Event occurs as a result of a change in Spanish legislation or applicable banking regulations (including the MREL Regulations) or any change in their application or official interpretation, the Issuer can opt to fully, but not partially, redeem the Securities, at par value, provided that such redemption adheres to prevailing applicable banking regulations (including the MREL Regulations). In this case, the Competent Supervisory Authority and/or resolution authority, as applicable, must give their consent if necessary, under these regulations
• Redemption for Tax Reasons: Applicable
• Waiver of set-off: No holders of the Securities may at any time exercise rights of set-off against any rights, claims or obligations of the Issuer, whether direct or indirect and irrespective of their origin (whether contractual or otherwise). For these purposes, holders of these Securities may not exercise or assert any rights or claims which would entitle them to claim any form of deduction, set-off or withholding and are therefore deemed to have waived such rights to the fullest extent possible, all in accordance with, and to the extent permitted by, applicable law
• Events of Default: None, except in case of : (i) Declaration of bankruptcy of the Issuer by final judicial decision; or (ii)Resolution of dissolution and liquidation of the Issuer adopted by its corporate bodies in accordance with the provisions of Title X of the Capital Companies Act or the regulations governing the same from time to time, without this eventuality being understood to include any operations of reconstruction or amalgamation or a merger, spin-off or any other structural modification carried in accordance with Spanish law
• Substitution & Modification: In the event of an Eligibility Event, and subject to the prior consent of the Competent Supervisory Authority, if required, the Issuer may replace the Securities or modify their terms without the consent or authorisation of the holders of such Securities provided that the substitution or modification, does not materially prejudice the interests of such holders of Securities, so the Securities remain or once again become eligible liabilities in case of modification or substitution, respectively
• Clearing Systems: Iberclear, Clearstream and Euroclear
• Listing: Spanish AIAF Fixed Income Securities Market
• Minimum Denominations: €100,000 + €100,000
• Target Market: Manufacturer target market is professionals and eligible counterparties (all distribution channels). No PRIIPs key information document (KID) or UK KID/CCI product summary has been prepared as not available to retail in EEA or UK
• Governing Law: Spanish Law
• Loss Absorption: The obligations of the Issuer under the Securities are subject to, and may be limited by, the exercise of any Loss Absorbing Power by the Relevant Resolution Authority
• Fees: The Managers will be paid a fee by the Issuer in connection with the transaction
• Documentation: Bankinter €12bn Base Prospectus for Fixed-Income Securities, registered at the CNMV on 16-Jan-26 and complemented by the Universal Registration Document approved and registered in the official CNMV registry on 16-Jan-26, and subsequently supplemented by a supplement approved by the CNMV on 26-Feb-26
• Advertisement: This communication is an advertisement and is not a prospectus. The Base Prospectus is, and the Final Terms will be, available at https://www.cnmv.es/portal/Consultas/Folletos/FolletosEmisionOPV.aspx?nif=A28157360
• Joint Lead Managers: Bankinter, Barclays, Crédit Agricole CIB, Deutsche Bank and Natixis (B&D)
• Co-Lead Managers: Banco Sabadell and Helaba
• Timing: Books open, today's Business
• Books Subject: Books will go subject at 12.10 UKT / 13.10 CET