Commentary & Deal Flow

Reoffer: 4yr: MS+5bp / 98.226 / 2.940% 14yr: EU 3.375% 10/39s+10bp / 97.670 / 3.835%
Benchmark: 4yr: OBL 2.2 10/30s @ 97.780 / HR 100% 14yr: DBR 2.6 5/41s @ 90.773 / HR 99%

4yr: Final books > €64.5bn (incl. €4.5bn JLM)
14yr: Final books > €96.5bn (incl. €5bn JLM)

Launched:
4yr: €3bn @ MS+5bp - Books > €61bn (incl. €4.5bn JLM)
14yr: €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: 14-Oct-30 / 12-Dec-40
• Tranche Size: €3bn / €5bn
• New O/S: €18.378bn / €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
• ReOffer:
• • TAP Oct-2030: 98.226 / 2.940% / MS + 5 bps
  • TAP Dec-2040: 97.670 / 3.835% / EU 3.375% 10/39s @ 96.26 + 10 bps
• DBR Refs:
• • TAP Oct-2030: OBL 2.2 10/30s @ 97.780/2.748%/+19.2bps
  • TAP Dec-2040: DBR 2.6 5/41s @ 90.773/3.398%/+43.7bps
• HR: 100% / 99%
• ISIN: EU000A4EG021 (imm. fungible) / 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
• TOE: 15:24 CET (Oct-30) / 15:22 CET (Dec-40)
• FTT: Immediately
• Timing: PRICED