Commentary & Deal Flow

Final Books above €1.5bn (incl. €50m JLM). Peak book above €1.7bn (incl. €60m JLM).

Launched: 4NC3: €300m @ MS+80bp - Books above €1.7bn (incl. €60m JLM)
Book Update: Books above €1bn (ex JLM)
IPTs: 4NC3: MS+115a

• Issuer: Slovenská sporiteľňa, a.s. (Ticker: SLOSPO)
• LEI: 549300S2T3FWVVXWJI89
• Issuer Rating: A3 (stable) by Moody's
• Expected Issue Rating: A3 by Moody's
• Status: The Notes constitute direct, unsecured and unsubordinated obligations of the Issuer and are intended to qualify as eligible liabilities instruments (Preferred Senior Notes). Exclusion of set-off, no acceleration rights.
• Format: RegS only, Bearer Notes, Classical Global Note
• Currency / Size: €300m
• Tenor: 4NC3
• Settlement Date: 06-Jul-26 (T+4)
• Optional Redemption Date: 06-Jul-29
• Maturity Date: 06-Jul-30
• Coupon: [●]% per annum from (and including) the Issue Date to (but excluding) the Reset Date, payable annually in arrears on 06-Jul each year, with the first interest payable on 06-Jul-27; Act/Act (ICMA) following unadjusted
• Reset Coupon: If not redeemed at the Optional Redemption Date (=Reset Date), Notes will reset to 3-month EURIBOR + [●]bps (3-month EURIBOR + original issue spread) p.a. from (and including) the Reset Date to (but excluding) the Maturity Date, payable quarterly in arrears on 06-Jan, 06-Apr, 06-Jul and 06-Oct with the first interest payable on 06-Oct-29. Act/360 modified following adjusted.
• Reference Gilt: OBL 2.1 04-Apr-29, HR 106%
• Hedge Deadline: 14:30 CET
• Business Days: T2 and Clearing Systems
• Documentation: Multi Issuer EMTN Programme, consisting of the Securities Note dated 28-Nov-25 and the Slovenská sporiteľňa, a.s.’ Registration Document dated 28-Nov-25, as supplemented
• Use of Proceeds: An amount equivalent to the net proceeds of the Notes will be used exclusively to finance Eligible Green Projects in accordance with the Erste Group Sustainable Finance Framework dated Dec-24, available at: www.slsp.sk/en/investors/bonds
• Denoms/Listing/Law: EUR 100,000 + EUR 100,000 / Vienna (Official Market) / German law with Slovak status clause
• ISIN: AT0000A3VWE6
• Clearing: Euroclear / Clearstream / OeKB
• Selling Restrictions: RegS, and as further set out in the Multi Issuer EMTN Programme
• Manufacturer target market: MiFID II / UK MiFIR professionals/ECPs-only / No PRIIPs or FCA Product Disclosure Sourcebook (DISC) disclosure document has been prepared as not available to retail in EEA, the UK or elsewhere. Manufacturer target market (MIFID II product governance and/or UK MiFIR product governance) is eligible counterparties and professional investors only (all distribution channels). No sales in the U.S. and sales only to non-U.S. persons.
• Advertisement: This communication is an advertisement for the purposes of Regulation (EU) 2017/1129 and underlying legislation. It is not a prospectus. The Prospectus and any supplements, the Sustainable Finance Framework and the SPO are, and the Final Terms (when published) will be available at: www.slsp.sk/en/investors/bonds
• Global Coordinator / Green Structuring Advisor: Erste Group
• Joint Bookrunners: Commerzbank, Erste Group (B&D), IMI-Intesa Sanpaolo and Raiffeisen Bank International
• Fees: The Banks will be paid a fee by the Issuer in respect of the placement of the Notes.
• Timing: Books open, today’s business. Books to go subject at 12:15 CET.