Commentary & Deal Flow

Final Books >1.75bn. Peak book >2.45bn (inc 50m JLM).

Launched: €650m @ MS+112bp - Books >2.45bn (inc 50m JLM)
Book Update: Books > 2bn (inc 50m JLM)
IPTs: MS+140a

• Issuer: KBC Group NV
• Ticker: KBCBB Corp
• LEI Issuer: 213800X3Q9LSAKRUWY91
• Issuer Ratings: A3/A-/A (Moody's/S&P/Fitch)
• Exp. Issue Ratings: Baa1/BBB+/BBB+ (Moody's/S&P/Fitch)
• Status: Subordinated Tier 2 Notes
• Size: €650m
• Settlement Date: 20-Aug-26 (T+6)
• Maturity Date: 20-Aug-37
• Optional Redemption Date: 20-Aug-32
• First Reset Date: 20-Aug-32
• Coupon: [l] fixed, annual, for the period from and including the Issue Date to but excluding the First Reset Date. If the Notes are not redeemed or purchased and cancelled on the Optional Redemption Date, the interest payable on the Notes from and including the First Reset Date to but excluding the Maturity Date shall be reset to a fixed rate equal to the 5-year mid-swap rate prevailing at the Reset Determination Date plus the Margin. Subject to benchmark replacement provisions.
• First Coupon Date: 20-Aug-27
• Business Day Convention/Day Count Fraction: ACT/ACT(ICMA), unadjusted / following
• Reference Benchmark: DBR 1.7 15-Aug-32 / HR 100%
• Hedge Deadline: 1.55pm CET / 12.55pm UKT
• Waiver of Set-off: Applicable. See Condition 2(b)(iii)
• Issuer Call Option: Applicable. See Condition 4(d)
• Redemptions upon Tax Event or Capital Disqualification Event subject to Conditions to Redemptions: Applicable. See Condition 4(b) and (c)
• Substitution & Variation: Applicable. See Condition 6
• Acknowledgement of Bail-in Power: See Condition 18(c)
• Denominations: €100k + €100k
• Target Market: MiFID II and UK MiFIR professionals/ECP’s only (all distribution channels). No EEA key information document (KID) or product summary required by DISC has been prepared as not available to retail in EEA and UK.
• Use of Proceeds: General Corporate Purposes
• Fees: The JBRs will be paid a distribution and selling commission by the Issuer in respect of the placement of the securities. To be paid separately
• Listing: Euronext Brussels
• ISIN: BE0390370428
• Documentation: Issuer’s EMTN programme described in the Base Prospectus dated 03-Jun-26
• Governing Law: The Notes and any non-contractual obligations arising out of or in connection with them are governed by, and shall be construed in accordance with, Belgian law
• Bookrunners: Commerzbank, Goldman Sachs International, HSBC, ING, KBC and Morgan Stanley (B&D)
• Timing: Books open, today's business