Commentary & Deal Flow

Reoffer: 11yr: MS+59bp / 98.954 / 3.617%
Benchmark: 11yr: DBR 2.9 15-Feb-36 + 67.9bps (px 99.67) / HR:107%

Final Books: Final Books above €1.6bn (incl. €80m JLM). Peak book above €1.75bn (pre-rec, incl. €105m JLM)

Launched: 11yr: €1bn @ MS+59bp - Books above €1.75bn (pre-rec, incl. €105m JLM)
Book Update: > €1.5bn (incl. €105m JLM)
IPTs: 11yr: MS+65bp area

• Issuer: Crédit Agricole Italia SpA
• Ticker: CARPP
• LEI: 8156007D348794DB1690
• Guarantor: Crédit Agricole Italia OBG S.r.l.
• Issue Type: Mortgage Covered Bond (Obbligazioni Bancarie Garantite Europee), European Covered Bond label (Premium)
• Format: Reg S, Bearer and dematerialised
• Eligibility: ECB Eligible, LCR Level 1, beneficial treatment under CRR Art.129 & Solvency II & ECBC Covered Bond Label Compliant
• Exp. Issue Rating: Aa2 (Moody’s)
• Size: €1bn
• Coupon: 3.500%, Annual, Fixed, Act/Act (ICMA)
• Settlement: 24-Jun-26 (T+6)
• Maturity: 24-Jun-37 (soft bullet with 12 months extension)
• Reoffer: MS+59bp / 98.954 / 3.617%
• Benchmark: DBR 2.9 15-Feb-36 + 67.9bps (px 99.67) / HR:107%
• ISIN: IT0005715724
• Listing: Luxembourg Stock Exchange
• Denominations: €100,000 + €100,000
• Governing Law: Italian
• Documentation: Off the Issuer’s €16bn Obbligazioni Bancarie Garantite (OBG) programme dated 28-May-26
• Target Market: Manufacturer target market (MIFID II/UK MIFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or the UK
• Global Coordinator: Crédit Agricole CIB
• Joint Bookrunners: BBVA, Crédit Agricole CIB (B&D), Erste Group, Mediobanca, Raiffeisen Bank International and Santander
• Timing: Priced. TOE 15.50 CET / FTT 16.20 CET
• Advertisement: This communication is an advertisement and is not a prospectus. The Base Prospectus dated 28-May-26 is available at Luxembourg Stock Exchange - CREDIT AGRICOLE ITALIA S.P.A. | LuxSE and the Final Terms, when available, at Luxembourg Stock Exchange - CREDIT AGRICOLE ITALIA S.P.A. | LuxSE