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Commentary & Deal Flow

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UPDATE (BOOKS): BKS Bank €250m (no-grow) 5yr Green SP; MS+155a

IGC European Market: Deal Flow - General

Issuer

Term

Maturity

Size

Ranking

Type

IPT

BKS Bank AG

5yr

03-Jun-31

€250m (no-grow)

SP

Fixed

MS+155a


Book Update: Books above €400m
IPTs: 5yr: MS+155bp area

  • Issuer: BKS Bank AG (Ticker: BKUSAV)
  • LEI: 529900B9P29R8W03IX88
  • Issuer Ratings: BBB+ (stable) by S&P
  • Expected Issue Ratings: BBB+ by S&P
  • Status of the Notes: The Notes constitute direct, unsecured and unsubordinated obligations of the Issuer and are intended to qualify as eligible liabilities instruments (within the meaning of point (a) of Article 72a(1) and Article 72b CRR with the exception of point (d) of Article 72b(2) CRR) of the Issuer for the MREL Requirement (as set out in the BKS AG's base prospectus dated 08 April 2026, as supplemented)("Base Prospectus")
  • Format: Reg S, Bearer, Digital Global Notes
  • Size: €250m (no-grow)
  • Pricing Date: 27-May-26
  • Settlement Date: 03-Jun-26 (T+5)
  • Maturity Date: 03-Jun-31
  • Coupon: [●]% p.a., fixed, Act/Act (ICMA) following unadjusted
  • Business Days: T2 and Clearing Systems
  • Documentation: BKS Bank AG’s Debt Issuance Programme, dated 08-Apr-26, as supplemented
  • Denoms/Listing/Law: €100,000 + €100,000 / Vienna (Official Market) / Austrian Law
  • ISIN / WKN: AT0000A3USG1 / A4EVV8
  • Clearing: Euroclear / Clearstream / OeKB
  • Use of Proceeds: Use of Proceeds will be allocated by the Issuer to Eligible Green Projects as set out in the Sustainable Bond Framework of BKS Bank
  • Manufacturer target market: Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs KID as not available to retail in the EEA.
  • Advertisement: This communication is an advertisement for the purposes of Regulation (EU) 2017/1129 and underlying legislation. It is not a prospectus. The Base Prospectus and the Final Terms, when published, will be available at: https://www.bks.at/ueber-uns/investor-relations/anleiheemissionen
  • Global Coordinator: Erste Group
  • Joint Bookrunners: DekaBank, Erste Group (B&D), Jyske Bank and NORD/LB
  • Fees: The Banks will be paid a fee by the Issuer in respect of the placement of the Notes.
  • Timing: Books open, today’s business