Commentary & Deal Flow

Reoffer: 5yr: MS+25bp / 99.79 / 3.171%
Benchmark: 5yr: OBL 2.5% 16-Apr-31 @ 98.72 / B+38.9bp / HR 102%

Final books in excess of €1.7bn (excl. JLM)

Launched: 5yr: €500m @ MS+25bp - Orderbook in excess of €1.6bn (excl. JLM)
Rev Guidance: 5yr: MS+27a - Orderbook in excess of €1.25bn (excl. JLM)
Guidance: 5yr: MS+29a

• Issuer: The OPEC Fund for International Development (Ticker: "OFIDEV")
• Issuer Ratings: AA+/AA+ (S&P/Fitch, both stable)
• Expected Issue Ratings: AA+/AA+ (S&P/Fitch)
• Format: Reg S, Registered Form, Senior Unsecured
• Size: €500m
• Settlement: 16-Jun-26 (T+5)
• Maturity: 16-Jun-31 (5 year)
• Coupon: 3.125%, Annual, ACT/ACT ICMA
• Reoffer: MS+25bps / 99.790% / 3.171% Yield
• Benchmark: OBL 2.5% 16-Apr-31 +38.90bps / bid price 98.720% / HR 102%
• Denoms: €100k x 1k
• ISIN: XS3404449061
• Listing: London Stock Exchange (Main Market)
• Governing Law: English
• Target market: Manufacturer target market (UK MiFIR/ EU MIFID II) is Professional & Eligible Counterparties (all distribution channels)
• Bookrunners: BofA / CACIB (B&D) / DB / GSBE SE
• Docs: Issuer's Global Medium Term Note Programme Base Offering Memorandum, as supplemented
• Timing: Priced. TOE 13.35 LDN 14.35 CET. FTT Immediately.