NEW ISSUE: BAWAG PSK €500m (WNG) 3NC2 Green SP; MS+70a
IGC European Market: Deal Flow - General
Issuer
Term
Call
Maturity
Size
Ranking
Type
IPT
ISIN
BAWAG PSK
3NC2
2y
22-Jun-29
€500m (WNG)
SP
Fixed to Floating
MS+70a
XS3413306617
IPTs: 3NC2: MS+70a
Issuer: BAWAG PSK (Bank fuer Arbeit und Wirtschaft und Oesterreichische Postsparkasse AG)(Ticker: BAWAG)
Issuer LEI: 529900ICA8XQYGIKR372
Issuer Ratings: A1 (Positive) (Moody's)
Expected Issue Ratings: A1 (Moody's)
Status: Unsecured, unsubordinated (Green senior preferred) in eligible liabilities instruments format
Format: Reg S Bearer Notes, NGN, Senior Preferred, Green bond
Issue Size: €500m (WNG)
Tenor: 3NC2
Trade Date: 15-Jun-26
Maturity Date: 22-Jun-29
Optional Redemption Date: 22-Jun-28
Settlement Date: 22-Jun-26 (T+5)
IPT: MS+70 bps area
Coupon: [•]% per annum fixed rate, payable annually in arrear from, and including, the Issue Date to, but excluding, the Call Date; Act/Act (ICMA) following unadjusted
Reset Coupon: +[•]bps above the 3-months-EURIBOR-Rate, payable quarterly in arrear on 22-Sep, 22-Dec, 22-Mar and the Maturity Date, commencing on 22-Sep-28, in respect of the period from (and including) the Call Date to (but excluding) the Maturity Date (the “Floating Rate Period”) A Rate Replacement provision and customary fallback provisions will apply to the 3-months-EURIBOR-Rate; Act/360 modified following adjusted
Coupon Payment Dates: 22-Jun in each year up to and including the Call Date, commencing on 22-Jun-27
Business Days: T2
Docs: Issuer's Debt Issuance Programme dated 27-Mar-26, as duly supplemented
Denoms: €100k + €100k
Use of Proceeds: An amount equal to the net proceeds of the bond will be used to finance or refinance, in whole or in part, eligible green projects meeting the eligibility green criteria of the Issuer, in accordance with the issuer’s Sustainable Finance Framework, dated August 2025.
Selling Restrictions: RegS, TEFRA D as set forth in the Base Prospectus
Target Market: Manufacturer target market (MIFID II and UK MIFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EEA PRIIPs Key Information Document (KID) or UK PRIIPs KID/CCI product summary has been prepared as not available to retail in EEA or the UK.
Fees: The Banks will be paid a fee by the Issuer in respect of the placement of the Notes
ESG Coordinator: ING
Joint Book Runners: Citi, DekaBank, Erste Group, ING, and UniCredit
ISIN: XS3413306617
Clearing: Euroclear/Clearstream, Luxembourg
Advertisement: This communication is an advertisement for the purposes of Regulation (EU) 2017/1129 and underlying legislation. It is not a prospectus. The Base Prospectus is, and the Final Terms when published will be, available at: https://www.bawaggroup.com/en/investor-relations/funding-rating