Commentary & Deal Flow

Final Books above €675mn (incl. €30mn JLM-interest). Peak book above €820mn (excl. JLM-interest)

Launched: Long 4yr: €250m @ MS+12bp - Books above €820mn (excl. JLM-interest)
Book Update: Books above €725m (excl. JLM interest)
Guidance: Long 4yr: MS+18a

• Issuer: DekaBank Deutsche Girozentrale
• LEI: 0W2PZJM8XOY22M4GG883
• Ticker: DEKA Corp
• Issue Type: Mortgage Covered Bond (Hypothekenpfandbrief)
• Format: Reg S Bearer, NGN
• Exp. Rating: Aaa (Moody's)
• Size: €250m LCR Level 2A Eligible/ECB Repo Compliant
• Ranking: Covered Bond
• Coupon: Fixed, Annual, Act/Act ICMA, Long First Coupon
• Pay Date: 24-Aug-26 (T+5)
• Maturity: 6-Sep-30 (Long 4 Years)
• Reference Gilt: DBR 0 15-Aug-30 / HR 108%
• Hedge Deadline: 13:50 CET
• Leads: DekaBank (B&D), DZ Bank, Natixis
• Listing: Frankfurt/Luxembourg
• Denominations/Governing Law: €100,000 + €100,000, German
• Docs: Debt Issuance Programme
• ISIN: XS3479243183
• MiFID II: The target market for the bonds is eligible counterparties and professional clients, each as defined in MiFID II.
• Fees: The Joint Bookrunners will be paid a fee in connection to the transaction (MiFID II)
• Timing: Books to go subject at 11:50 CET, allocation and pricing thereafter.