Commentary & Deal Flow

Launched:
Oct-30: €3bn @ MS+5bp - Books > €61bn (incl. €4.5bn JLM)
Dec-40: €5bn @ EU 10/39s+10bp - Books > €80bn (incl. €5bn JLM)

• Issuer: European Union (EU)
• LEI: 529900FZRK8FGMPEOM08
• Ratings: AAA/Aaa/AA+/AAA (Fitch/Moody's/S&P/Scope)
• Risk Weighting: 0%
• Format & Type: Reg S (Category 1) Bearer (TEFRA Rules apply, no communications with or into the US or Canada (excluding Ontario)), NGN
• Trade Date: 09-Jun-26
• Settlement: 16-Jun-26 (T+5)
• Tranche:
• • TAP Oct-2030
  • TAP Dec-2040
• Maturity:
• • TAP Oct-2030: 14-Oct-30
  • TAP Dec-2040: 12-Dec-40
• Current O/S:
• • TAP Oct-2030: €15.378bn
  • TAP Dec-2040: €7.964bn
• Tranche Size:
• • TAP Oct-2030: €3bn
  • TAP Dec-2040: €5bn
• New O/S:
• • TAP Oct-2030: €18.378bn
  • TAP Dec-2040: €12.964bn
• Coupon:
• • TAP Oct-2030: 2.5%, Fixed, 273 days accrued, Ann, ACT/ACT ICMA
  • TAP Dec-2040: 3.625%, Fixed, 245 days accrued, Ann, ACT/ACT ICMA
• Final Spread:
• • TAP Oct-2030: MS + 5 bps
  • TAP Dec-2040: EU 3.375% 10/39s + 10 bps
• ISIN:
• • TAP Oct-2030: EU000A4EG021 (imm. fungible)
  • TAP Dec-2040: EU000A4EJF17 (imm. fungible)
• Denoms: €1
• Listing: Luxembourg Stock Exchange’s Regulated Market
• Law: Luxembourg
• Docs: In accordance with the Issuer's Debt Issuance Programme
• JLMs: Barclays (DM/B&D) / BNP Paribas / BofA Securities / Santander / UBS
• Target Market: The target market for the Bonds is professionals, retail and eligible counterparties (all channels for distribution), each as defined in MIFID II/UK MiFIR
• Schedule: Books Open, Today's Business
• Books Close: 09:30 UK / 10:30 CET