Commentary & Deal Flow

IPTs: MS+120-125bp

• Issuer: Aéroports De Paris S.A. (Ticker: ADPFP, Country: FR)
• Issuer LEI: 969500PJMBSFHYC37989
• Issuer Rating: A- (stable outlook) by S&P
• Exp. Issue Rating: A- by S&P
• Format: Senior Unsecured, RegS Bearer (Cat2), Dematerialised Notes
• Pricing Date: 10-Jun-26
• Settlement: 17-Jun-26 (T+5)
• Coupon: Fixed, Annual, ACT/ACT
• Maturity Date: 17-Jun-35 (9-year fixed)
• Size: €500m exp.
• ISIN / Common Code: FR0014018OR1 / 338814593
• Documentation: EMTN / French Law / Euronext Paris / €100k+100k / Change of Control (Put) / MWC vs Bund / Clean-up call (75%) / 3m Par-Call
• Use of Proceeds: General Corporate Purposes, including the refinancing of upcoming maturities
• Global Coordinators: HSBC (B&D), Natixis
• Active Bookrunners: BNP Paribas, CACIB, Goldman Sachs Bank Europe SE, HSBC (B&D), Natixis, Société Générale
• Passive Bookrunner: La Banque Postale
• Clearing: Euroclear / Clearstream
• Target Market: Manufacturer target market is eligible counterparties and professional investors (all distribution channels). No EEA PRIIPs key information document (KID), disclosure document under the DISC or CCI product summary has been prepared as not available to retail in EEA or the UK
• Timing: Books open - today’s business
• Investor Presentation: Direct Link: https://dealroadshow.com/e/ADDERLEY26 (Recommended) OR Visit https://dealroadshow.com and enter the entry code: ADDERLEY26
• Advertisement: The Base Prospectus and its supplement are available on the website of the AMF (http://www.amf-france.org) and on the Issuer’s website (https://www.parisaeroport.fr/en/group/finance/bonds ). The Final Terms, when available, will also be published on the website of the AMF (http://www.amf-france.org) and on the Issuer’s website (https://www.parisaeroport.fr/en/group/finance/bonds )