Status of the Notes: Direct, general and unconditional obligations of the Issuer which will at all times rank pari passu among themselves and at least pari passu with all other present and future unsecured obligations of the Issuer, save for such obligations as may be preferred by mandatory provisions of law (and subject to Condition 4(a) (Negative pledge)).
Trade Date: 16-Jun-26
Settlement Date: 23-Jun-26 (T+5)
Tenor: 5-year
Size: €300m (WNG)
Maturity: 23-Jun-31
IPTs: MS + 215bps area
Coupon: Fixed, Annual, Act/Act with 125bps step-up (in case of loss of IG rating), payable annually in arrear
Denomination: €100,000 and higher integral multiples of €1,000
Listing: Luxembourg Stock Exchange's Euro MTF
Clearing: Euroclear / Clearstream, Luxembourg
Governing Law / Jurisdiction: English law; Courts of England
Selling Restrictions: As set out in the Preliminary Information Memorandum dated 15-Jun-26
UoP: General corporate purposes, including acquisitions in Group’s Core Markets and refinancing of secured and unsecured bank debt
Joint Global Coordinators: Citigroup, Goldman Sachs Bank Europe SE, J.P. Morgan
Joint Bookrunners: Citigroup (GC/B&D), Erste Group, Goldman Sachs Bank Europe SE (GC), J.P. Morgan (GC), UniCredit
Selected Covenants: Negative Pledge; Consolidated Leverage Ratio not exceeding 0.60 on any Measurement Date; Consolidated Coverage Ratio shall be at least 2.0:1 on any Measurement Date; Consolidated Secured Leverage Ratio not exceeding 0.40 on any Measurement Date; and on any Measurement Date, the Group will own Unencumbered Consolidated Total Assets equal to 125 per cent. or more of the aggregate outstanding principal amount of Consolidated Total Unsecured Indebtedness
Target Market: EEA MiFID II professionals/ECPs-only/No EEA PRIIPS KID or CCI product summary
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