Commentary & Deal Flow

Spread set at: 8yr: SARON MS+45bp
Guidance: 8yr: SARON MS+45a

• Issuer: Crédit Agricole Home Loan SFH
• Ticker: ACACB
• Issuer Domicile: France
• Format: Green Public Fixed Rate Covered Bonds
• Status: Covered Bonds: Direct, Unconditional, Unsubordinated and Privileged Obligations Of The Issuer And Will Rank Pari Passu Without Any Preference Among Themselves.
• Expected Instrument Rating: Aaa/AAA/AAA (Moody's/S&P/Fitch)
• Size: Min. CHF 115m
• Spread Set: SARON MS+45bp
• Coupon: 1.03% p.a. (indicative) - will price at par
• Maturity: 8 years (04-Sep-26 until 04-Sep-34)
• Guidance: SARON MS +45.0 area // YTM 1.03% area // Govt.+69 area
• Lead Manager(s): Commerzbank, UBS, Crédit Agricole CIB (no-books)
• SNB Repo-eligibility: At the discretion of the SNB, expected no
• Documentation: Under the Euro 50,000,000,000 Covered Bond Programme of Crédit Agricole Home Loan SFH dated 19-Feb-26 as supplemented from time to time (the “Base Prospectus”, together with the Final Terms, the “Notes Documentation”).
• FinSA Prospectus: Base Prospectus dated 19-Feb-26 approved in accordance with FinSA on 24-Feb-26, as supplemented from time to time.
• Governing Law: French
• Covenants: PP, XD
• Listing: SIX on 02-Sep-26
• Denominations: CHF 5,000
• Use of Proceeds: The net proceeds will be used in accordance with the Crédit Agricole Group Green Bond Framework dated November 2023, to finance or refinance in whole or in part new or existing Eligible Green residential real estate assets in France of the 39 Credit Agricole Regional Banks and LCL included or to be included in the cover pool of Crédit Agricole Home Loan SFH.
• Sales Restrictions: As per the Issuance Programme
• Target Market: The target market as defined by the manufacturer domiciled in the EEA (MIFID II): Eligible counterparties, professional clients and retail clients in Switzerland only (all channels for distribution), subject to applicable selling restrictions.
• Timing: Books close at 10:45 CET, pricing to follow shortly thereafter