Commentary & Deal Flow

Launched:
3.75yr: €500m @ MS+45bp - Books north of €2.55bn
8yr: €500m @ MS+80bp - Books north of €1.95bn

IPTs: 3.75yr: MS+80a 8yr: MS+110a

• Issuer: Toyota Motor Corp (Ticker: TOYOTA, Country: Japan)
• LEI: 5493006W3QUS5LMH6R84
• Expected Ratings: A1/A+ (Moody's/S&P)
• Security Description: Senior Unsecured Sustainability Bonds
• Registration: Regulation S Registered
• Size: €500m (3.75yr) / €500m (8yr)
• Maturity Date:
• • 3.75yr: 29-Mar-30
  • 8yr: 29-Jun-34
• Optional Redemption:
• • 3.75yr: Make Whole Call, 1m Par Call
  • 8yr: Make Whole Call, 3m Par Call
• Benchmark German Government Bond:
• • 3.75yr: DBR 0 15-Feb-30
  • 8yr: DBR 2.2 15-Feb-34
• Bookrunners: J.P. Morgan (B&D), BofA Securities, Morgan Stanley, Barclays, BNP PARIBAS
• Billing & Delivery: J.P. Morgan
• Sale into Canada: Yes
• Use of Proceeds: Eligible Projects as defined in the issuer’s Preliminary Offering Circular for the offering dated 18-Jun-26
• Minimum Denoms: €100,000 and integral multiples of €1,000 in excess thereof
• Listing: Singapore Exchange Securities Trading Limited (SGX-ST)
• Governing Law: English Law
• Settlement: 29-Jun-26
• Timing: Books subject at 12.30 UKT / 13.30 CET. Allocations & Pricing this PM.
• Netroadshow: www.netroadshow.com/nrs/home/#!/?show=1fc27b71
• Advertisement: The Offering Circular, when published, will be available on the website of the Singapore Stock Exchange https://www.sgx.com/