Commentary & Deal Flow

Launched: 2yr: US$1.5bn @ MS+20bp - Books closed in excess of $1.8bn (exc. JLM)
Spread set at: 2yr: MS+20bp - IOIs in excess of US$720m (exc. JLM)
IPTs: 2yr: MS+20a

• Issuer: Kommuninvest i Sverige Aktiebolag (publ)
• Ticker: KOMINS
• LEI Code: EV2XZWMLLXF2QRX0CD47
• Guarantor: Regions and municipalities of Sweden
• Ratings: Aaa/AAA (Moody's/S&P) (all stable)
• Risk Weighting: 0%
• Format: Senior, Unsecured, Reg S, 144A
• Size: US$1.5 billion
• Maturity Date: 15-Mar-28
• Spread: SOFR MS(S/A 30/360)+20bps
• Denominations: US$200k + US$1k
• Documentation: Issuer's Note Programme
• Listing: NASDAQ OMX Stockholm
• Governing Law: English Law
• Target Market: Professionals and Eligible counterparties (all channels for distribution), each as defined in MIFID II/UK MiFIR
• Advertisement: The Base Prospectus and Final Terms, when published, will be available at: https://kommuninvest.se/eng/homepage/investors/funding/fundingprograms/emtnprogram.4.35de2c7b1900fda7e6256fc.html
• Lead Managers: BofA, JPM, Nomura, SEB
• ISIN: XS3408980798 / US50046PDJ12
• Timing: Allocation and pricing to follow.
• Settle: 16-Jun-26 (T+5)