4yr: Senior, Unsecured, RegS Bearer, NGN, (TEFRA D rules apply, no communications with or into the U.S.), European Green Bond
10yr: Senior, Unsecured, RegS Bearer, NGN, (TEFRA D rules apply, no communications with or into the U.S.), Sustainability-Linked Bond
Settlement Date: 22-Jun-26 (T+5)
Maturity:
4yr: 22-Jun-30 (4-year)
10yr: 22-Jun-36 (10-year)
Size: € Benchmark (each tranche)
Coupon:
4yr: Fixed, Annual, ACT/ACT (ICMA)
10yr: Fixed, Annual, ACT/ACT (ICMA)
Step-Up Event:
4yr: n/a
10yr: A Step Up Event occurs if the Issuer fails to achieve the target reduction of Scope 1 and Scope 2 GHG Emissions of 50% by 2032 (vs. 2022) and/or Scope 3 GHG Emissions of 35% by 2032 (vs. 2022)
Interest Rate Step Up:
4yr: n/a
10yr: 25bps per annum
Maximum Cumulative Interest Rate Step-Up:
4yr: n/a
10yr: 75bps
Par call:
4yr: 1m Par Call
10yr: 3m Par Call
Other Call Options: MWC / Clean Up Call (@ 80%)
ISIN/Common Code:
4yr: XS3406813124 / 340681312
10yr: XS3406814445 / 340681444
Denominations: €100k+1k
Docs: EMTN / English law / Electronic bond market (MOT) of Borsa Italiana S.p.A. (Regulated Market) and Luxembourg Stock Exchange (regulated market)
Use of Proceeds:
4yr: The Notes are designated as “European Green Bond” or “EuGB” in accordance with Regulation (EU) 2023/2631 of the European Parliament and of the Council. The Issuer intends to allocate an amount equivalent to the European Green Bond proceeds to assets, capital and/or operating expenditures in accordance with the gradual approach, referred in Article 4(1) of Regulation (EU) 2023/2631. An amount equivalent to the bond proceeds will be used on activities that are environmentally sustainable under Article 3 of Regulation (EU) 2020/852, according to the methodology in the allocation report that will be drawn-up annually by the Issuer until the full allocation of the European Green Bonds proceeds, in accordance with Article 11 of Regulation (EU) 2023/2631
Joint Bookrunners: Banca Akros, BBVA, BNP Paribas, CaixaBank, Deutsche Bank (B&D), HSBC, ICBC, ING, Mediobanca, Mizuho, Natixis, UniCredit
MiFID II/UK MiFIR Target Market: Eligible Counterparties and Professional Clients only (all distribution channels). No EEA PRIIPs key information document (KID) or UK CCI disclosure document has been prepared as not available to retail investors in the EEA or the UK
Fees: A fee will be paid by the Issuer to the Joint Bookrunners in association with this transaction
Timing: Books open, today’s business
Disclaimer: Any information contained in the Sustainable Finance Framework, Second Party Opinion, European Green Bond Factsheet and/or European Green Bond Factsheet Review referred to above, and any other information accessible through any website referred to above, does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities and does not form a part of the Base Prospectus dated 18 November 2025 or the Final Terms, save in each case to the extent that any such information is expressly included or incorporated by reference in the Base Prospectus dated 18 November 2025