Commentary & Deal Flow

Final Books above €2.1bn (incl. €145m JLM). Peak book above €2.8bn (incl. €175m JLM)

Launched: 5yr: €500m @ MS+17bp - Books above €2.8bn (incl. €175m JLM)
Book Update: Books above €2bn (incl. €175m JLM)
Guidance: 5yr: MS+25a

• Issuer: Jyske Realkredit A/S (Ticker: JYKRE)
• LEI: 529900R9HQNZRT2OXB26
• Status of the Notes: Danish Covered Bonds (SDO (Særligt Dækkede Obligationer)) backed by Danish mortgage collateral (Capital Centre E - European Covered Bond (Premium) and ECBC Covered Bond Label compliant)
• Format: Reg S, Bearer
• Exp. Issue Rating: AAA (S&P)
• Currency / Size: €500m
• Settlement Date: 26-Aug-26 (T+5)
• Maturity Date: 01-Oct-31 (“Soft bullet”)
• Coupon: [•]% p.a., fixed, annual, act/act ICMA, following, unadjusted, short first Coupon
• ISIN: DK0009420655
• Reference Gilt: OBL 2.9 31 #194 (HR 99%)
• Hedge Deadline: 14:35 CET
• Denoms/Listing/Law: EUR 100,000 + 100,000 / Nasdaq Copenhagen A/S / Danish Law
• Documentation: Issuer's “Base Prospectus for the issue of Covered Bonds (SDO), Mortgage bonds (“RO”) and bonds issued pursuant to Section 15 of the Danish Mortgage-Credit Loans and Mortgage-Credit Bonds etc. Act (Section 15 Bonds).” dated 04-Jun-26, as supplemented from time to time
• Advertisement: The Base Prospectus is available at: https://jyskerealkredit.com/funding/prospectus-and-terms/covered-bonds/base-prospectus-and-supplements
• Manufacturer target market: Manufacturer target market (MiFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as not available to retail in EEA.
• Joint Lead Managers: Danske Bank (B&D), DZ BANK, Erste Group, Jyske Bank and RBC Capital Markets
• Fees: The Banks will be paid a fee by the issuer in respect of the placement of the securities
• Timing: Books to close 11:30 CET