Commentary & Deal Flow

Reoffer: Long 4yr: MS+12bp / 99.886 / 3.155%
Benchmark: Long 4yr: DBR 0 15-Aug-30 @ 89.468 / B+32.6 / HR 108%

Final Books: 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
• Issuer 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
• Coupon: 3.125%, annual, act/act ICMA, long first coupon
• Pay Date: 24-Aug-26 (T+5)
• Maturity: 6-Sep-30 (long 4 years)
• Reoffer: MS+12bps / 99.886 / 3.155%
• Benchmark: +32.6bps vs. DBR 0 15-Aug-30 @ 89.468, HR 108%
• Leads: DekaBank (B&D), DZ Bank, Natixis
• Listing: Frankfurt/Luxembourg
• Denoms/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: Priced, TOE: 14:04 CET, FFT: 14:20 CET