Commentary & Deal Flow

Reoffer: 6yr: MS+30bp / 99.979 / 3.254%
Benchmark: 6yr: DBR 0 15-Feb-32 @ 85.44 / B+44.6bp / HR 114%

Final Books €1.2bn (incl. €75m JLM interest)

Launched: 6yr: €750m @ MS+30bp - Books above €1.2bn (incl €75mm JLM interest)
Guidance: 6yr: MS+35a

• Issuer: Argenta Spaarbank SA/NV (Ticker: ARGSPA)
• LEI: A6NZLYKYN1UV7VVGFX65
• ISIN: BE6374825824
• Issue Type: Belgian Mortgage Pandbrieven
• Status: European Covered Bond (Premium)
• Format: EuGB, Reg S, Dematerialized
• Expected Issue Ratings: AAA (S&P)
• Volume: €750m
• Reoffer: MS +30bps / Price: 99.979 / Yield: 3.254%
• Benchmark: DBR 0 15-Feb-32 + 44.6bs (px 85.44) / HR 114%
• Coupon: 3.25% fixed, annual, act/act ICMA, Following Business Day Convention
• Settlement Date: 17-Jun-26 (T+6)
• Maturity Type: 6-year (soft bullet)
• Maturity Date: 17-Jun-32
• Leads: ABN AMRO, BNP Paribas (B&D), LBBW and NORD/LB
• Listing: Luxembourg Stock Exchange (Professional segment)
• Use of Proceeds: The Mortgage Pandbrieven use the designation ‘European Green Bond’ or ‘EuGB’ in accordance with Regulation (EU) 2023/2631 (the “EU Green Bond Regulation”). An amount equivalent to the proceeds of the Notes will be used to finance and/or refinance the Economic Activities specified in the applicable Final Terms in accordance with the European green bond factsheet dated 19-Nov-25 (the “Factsheet”), prepared by the Issuer in accordance with the EU Green Bond Regulation. The Factsheet is publicly available on the Issuer’s Website at https://www.argenta.eu/investor-relations/debt-issuance/green-bonds.html
• Target market: MIFID II and UK MiFIR professionals/ECPs-Only/No PRIIPs KID – Manufacturer target market (MiFID II and UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as not available to retail in EEA or in the UK.
• Selling Restrictions: As set out in the Base Prospectus
• Fees: The Banks will be paid a fee by the Issuer in respect of this transaction
• Denominations/Law: €100k/100k / Belgian Law
• Advertisement: This communication is an advertisement and is not a prospectus. The Base Prospectus dated 03-Jun-26, and the Final Terms, when published, are available on https://www.argenta.eu/investor-relations/debt-issuance/belgian-mortgage-pandbrieven-programme.htmlGreen Bond Framework and related documents such as European Green Bond Factsheet are available on the website of the issuer https://www.argenta.eu/investor-relations/debt-issuance/green-bonds.html
• Timing: Priced Toe 14:04 CET, FTT 14:20 CET