Commentary & Deal Flow

12yr: Final Books €1.455bn (incl. €110m JLM). Peak book €1.63bn.

Launched: 12yr: €1bn @ MS+37bp - Final books €1.63bn (incl. €110m JLM)
Spread set at: 12yr: MS+37bp - Books above €1.5bn (incl. €90m JLM)
Book Update: Books above €1.5bn (incl. €90m JLM)
Guidance: 12yr: MS+42a

• Issuer: Deutsche Kreditbank AG
• Ticker: DKRED
• LEI: 5299900K16YGKC8BES892
• Ranking: Mortgage Covered Bond (Hypothekenpfandbrief)
• Format: Reg S Bearer
• Label: European Covered Bond (Premium)
• Expected Issue Ratings: Aaa (Moody's)
• Size: €1bn
• Interest: Fixed coupon, payable annually
• Day Count: Act/Act (ICMA)
• Business Day Convention: Unadjusted Following
• Settlement: 09-Jul-26 (T+6)
• Maturity: 09-Jul-38 (12 years)
• Denominations: €1,000 + €1,000
• Listing: Munich
• Governing Law: German Law
• Documentation: German Language Final Terms based on a German Language Base Prospectus, dated 27-May-26
• Joint Bookrunners: BayernLB (B&D), Commerzbank, DZ BANK, Erste Group, Société Générale, UniCredit
• ISIN / WKN: DE000DKB0614 / DKB061
• Hedge Reference: DBR 1.00% 15-May-38, HR 113%
• Hedge Deadline: 13:55 CET
• Target Market (MIFID II): The manufacturer target market (MiFID II/UK MiFIR product governance) are eligible counterparties, professional clients and retail clients (all distribution channels).
• Fees: The joint bookrunners will be paid a fee in respect of the placement of the securities.
• Schedule: Books open, today's business. Books to go subject at 12:00 CET.
• Advertisement: https://www.dkb.de/ueber-uns/investor-relations/basisprospekte