Commentary & Deal Flow

Reoffer: 6yr: MS+27bp / 99.369 / 3.117%
Benchmark: 6yr: DBR 0% 15-Feb-32 @ 85.960 / B+40.4bp / HR 114%

Final books over €1.1bn (incl. €170m JLMs). Peak book over €1.25bn+

Launched: 6yr: €750m @ MS+27bp - Books over €1.1bn (incl. €170m JLMs)
Spread set at: 6yr: MS+27bp - Books over €1.25bn+ (incl. €170m JLMs)
Book Update: Books over €1.2bn+ (incl. €170m JLMs)
Guidance: 6yr: MS+32a

• Issuer: UniCredit Bank Austria AG [Ticker: BACA]
• LEI: D1HEB8VEU6D9M8ZUXG17
• Issue Type: Mortgage Covered Bond, European Covered Bond (Premium), ECBC Covered Bond Label compliant
• Format: Regulation S, Bearer form
• Issue Rating: Aaa by Moody’s exp.
• Compliance: CRR Art.129 and Solvency II (intended), LCR Level 1
• Size: €750m
• Coupon: 3%, Fixed, annual, act/act ICMA
• Settlement Date: 25-Jun-26 (T+5)
• Maturity: 25-Jun-32 (Soft Bullet)
• Reoffer: MS+ 27bps / 99.369% / 3.117 %
• Benchmark: DBR 0% 15-Feb-32 +40.4bps (Cash Price 85.960%, HR 114%)
• Joint Lead Managers: ABN AMRO, Erste Group, Helaba, Nordea, Raiffeisen Bank International, Scotiabank, and UniCredit (B&D)
• Listing: Vienna, Amtlicher Handel
• Documentation: Under the issuer’s EUR 40bn EMTN Programme dated 23-Mar-26
• 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 this transaction
• Denominations/Law: 100k + 100k / Austrian Law
• ISIN/WKN: AT000B050000 / A4EW2W
• Advertisement: The base prospectus is available at: https://www.bankaustria.at/en/about-us-issues-under-base-prospectuses-base-prospectuses.jsp
• Timing: Priced: TOE: 14.01CET; 13.01UKT // FFT: 14.30 CET; 13.30UKT