Commentary & Deal Flow

Reoffer: 3NC2: MS+38bp / 99.962 / 3.145%
Benchmark: OBL 2.2 13-Apr-28 @ 99.36 / B+58.3 / HR 109%

Final Books: In excess of €1.85bn (excl. JLMs). Peak book >€2bn (excl. JLMs).

Launched: 3NC2: €500m @ MS+38bp - Books >€2bn (excl. JLMs)
Book Update: Books above €1bn (excl. JLMs)
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) by Moody's
• Expected Issue Ratings: A1 by 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
• 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)
• Reoffer: MS+38 bps / Price: 99.962 / Yield: 3.145%
• Benchmark: +58.3bps vs OBL 2.2 13-Apr-28 (@99.36), HR 109%
• Coupon: 3.125% 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: +38bps above the 3-months-EURIBOR-Rate, payable quarterly in arrear on 22 September, 22 December, 22 March 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.
• Listing: Luxembourg Stock Exchange’s Regulated Market
• Governing Law: German law
• 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 (B&D), 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
• Timing: Priced, TOE: 14:53 CET / 13:53 UKT, FTT: 15:13 CET / 14:13 UKT