Commentary & Deal Flow

Final Books: Closed in excess of €3.7bn (incl. €400m JLM)

Launched: 15yr: €1bn @ OAT+19bp - Books in excess of €3.3bn (incl. €400m JLM)
Guidance: 15yr: OAT+21a

• Issuer: Agence Francaise de Developpement (Ticker: AGFRNC)
• LEI: 9695008K5N8MKIT4XJ91
• Issuer Ratings: A+/A+ (S&P/Fitch)
• Format: Senior Unsecured, Reg S Bearer Dematerialised form (TEFRA not applicable)
• Size: €1bn
• Coupon: Fixed Annual, Act/Act (ICMA)
• Settlement: 15-Jul-26
• Maturity: 15-Jul-41
• Benchmark: FRTR 0.5 25-May-40 / HR 137%
• Governing Law: French
• Listing: Euronext Paris
• Denominations: €100,000 + €100,000
• Bookrunners: Barclays, BofA, CACIB, DB, GS(B&D), HSBC
• Target Market: The manufacturer target markets (EU MiFID II/UK MiFIR product governance) as assessed by the lead managers are professional & eligible counterparties (all distribution channels)
• Fees: The bookrunners will be paid a fee in connection to the transaction (EU MiFID II/UK MiFIR)
• ISIN: FR0014019UO3
• Hedge Deadline: 13.55 CET / 12.55 UKT
• Books Subject: Books to close 10h30 UKT / 11h30 CET
• Timing: Books open, today's business.