Commentary & Deal Flow

Reoffer: 5yr: 3.875% / 99.437
Benchmark: 5yr: OBL 2.50% Apr-31 @ B+111.2bp

Final Books: Above €1.5bn. Peak book above €1.9bn (incl. JLM interest)

Launched: 5yr: €400m @ 3.875% - Books above €1.9bn (incl. JLM interest)
Book Update: Books in excess of €1.5bn (incl. JLM interest)
IPTs: 5yr: 4.375%a

• Issuer: Motor Oil (Hellas) Corinth Refineries S.A.
• Ticker: MOH:GA
• Country: GRE
• Issuer and Issue Ratings: Unrated
• Issuer LEI: 213800U3Y9UL7Y4QVM11
• Format: Reg S Only
• Instrument: Senior Unsecured Notes
• Size: €400m
• Tenor: 5 years
• Maturity Date: 18-Jun-31
• Settlement: 18-Jun-26 (T+6)
• Coupon: 3.75%
• Reoffer Price: 99.437
• Reoffer Yield: 3.875%
• Benchmark: OBL 2.50% Apr-21 + 111.2bps
• Interest Payment Dates: Semi-annual
• Day Count: 30/360
• Optional Redemption: 6-month Par call, make-whole call (Bund Rate+50bps), change of control put right(101%)
• Use of Proceeds: Refinance existing EUR Senior Notes due 2026
• Denominations: €100,000 x €1,000
• Listing: Application will be made for the Notes to be admitted to listing on the Official List of Euronext Dublin and to trading on its Global Exchange Market
• Governing Law: New York
• Joint Global Coordinators and Joint Bookrunners: Citigroup (B&D), Goldman Sachs Bank Europe SE, HSBC and Morgan Stanley
• Joint Bookrunners: AXIA, CrediaBank, Eurobank, ING, National Bank of Greece, Natixis, Nomura, Optima Bank, Piraeus Bank
• ISIN: XS3408982067
• RSP & OM Link: www.netroadshow.com/nrs/home/#!/?show=bd5316a4
• Target Market: The manufacturer target market (MIFID II product governance) is eligible counterparties, professional clients and and high net worth retail investors. No PRIIPs key information document (KID) has been prepared as the Notes do not fall in scope of the PRIIPs Regulation. The manufacturer target market (UK MIFIR product governance) is eligible counterparties and professional clients. No disclosure document required by the FCA Product Disclosure Sourcebook for offering, selling or distributing the Notes or otherwise making them available to retail investors in the United Kingdom has been prepared and therefore offering, selling or distributing the Notes or otherwise making them available to any retail investor in the United Kingdom may be unlawful under the DISC and the Consumer Composite Investments (Designated Activities) Regulations 2024
• Advertisement: The final terms, when published, will be available on the website of the ATHEX (https://athens.euronext.com) and Motor Oil website (https://www.moh.gr/investor-relations/corporate-bonds/)
• Timing: Today's business