Commentary & Deal Flow

7yr: Final Books above €3.3bn (incl. €275m JLM). Peak book above €3.4bn pre rec (incl. €300m JLM)

Launched: 7yr: €1bn @ MS+23bp - Books above €3.4bn pre rec (incl. €300m JLM)
Book Update: Books above €2.4bn (incl. €100m JLM interest)
Guidance: 7yr: MS+30a

• Issuer: SpareBank 1 Boligkreditt AS (ticker: SPABOL)
• Issuer LEI: 549300M6HRHPF3NQBP83
• ISIN: XS3482718734
• Format: European Covered Bond (Premium), EuGB, Norwegian Covered Bond backed by 100% residential Norwegian mortgages, Reg S Bearer - New Global Note (NGN) form, ECBC Covered Bond Label, LCR Level 1B and ECB repo eligible
• Expected Ratings: Aaa (Moody's)
• Issue size: €1bn
• Maturity Date: 26-Aug-33 (soft bullet) 7yr
• Settlement Date: 26-Aug-26 (T+5)
• Coupon: Fixed, annual, Act/Act (ICMA)
• Reference Benchmark: DBR 2.6 15-Aug-33 / HR 101%
• Hedge Deadline: 13:55 CET
• Documentation: SpareBank 1 Boligkreditt AS EUR 35,000,000,000 Euro Medium Term Covered Note (Premium) Programme dated 10-Apr-26
• Target Market: The target market for the Bonds is eligible counterparties and professional clients, each as defined in MiFID II / UK MiFIR (all channels for distribution of the Bonds are appropriate). No PRIIPs key information document ("KID") has been prepared as not available to retail in EEA or UK
• Listing: Euronext Dublin
• Governing Law: English and Norwegian Law for the status of the Covered Bond
• Use of Proceeds: The Covered Bonds use the designation 'European Green Bond' or 'EuGB' in accordance with Regulation (EU) 2023/2631 (the "EU Green Bond Regulation"). An amount equivalent to the proceeds of the Notes will be used to finance and/or refinance the Economic Activities in accordance with the European Green Bond Factsheet dated Jun-26 (the "Factsheet"), prepared by the Issuer in accordance with the EU Green Bond Regulation and aligned with the ICMA Green Bond Principles. The Factsheet and the Pre-issuance External Review are publicly available on the Issuer's website at https://spabol.sparebank1.no/green-bonds
• EuGB Structuring Coordinators: Deutsche Bank and ING
• Denominations: €100,000 + €1,000
• B&D / DM: Nordea
• Joint Lead Managers: Deutsche Bank, ING, LBBW, Nordea
• Fees: The banks will be paid a fee by the Issuer in connection to the transaction
• Advertisement: The Prospectus, any supplements thereto, and the Final Terms (when published) will be available at: https://spabol.sparebank1.no/programme-documents
• Timing: Pricing later today
• Further information: EuGB information: https://spabol.sparebank1.no/green-bonds Investor presentation: https://spabol.sparebank1.no/coverpool/non-us-investor-presentations