Commentary & Deal Flow

Final Books: Above €1.7bn (incl. €125m JLM). Peak book above €2bn (pre rec, incl. €125m JLM).

Launched: 8yr: €500m @ MS+44bp - Books above €2bn (pre rec, incl. €125m JLM)

Book Update: Books above €1.75bn (incl. €125m JLM interest)

Guidance: 8yr: MS+50a

• Issuer: Arkéa Public Sector SCF
• Type: Obligations Foncieres - ECB Eligible, CRR Compliant
• Label: EU harmonisation label European Covered Bond (Premium)
• Format: Reg S Bearer
• Expected Ratings: Aaa (Moody's)
• Size: €500m
• Maturity: 27-Aug-34
• Settlement: 27-Aug-26 (T+5)
• Coupon: Fixed, annual, Act/Act ICMA
• Benchmark: DBR 2.6 15-Aug-34 (HR 100%)
• List/Law/Denoms: Euronext Paris / French / €100k + 100k
• Advertisement: The Base Prospectus is available at https://www.cm-arkea.com/arkea/banque/upload/docs/application/pdf/2026-07/arkea_ps_scf_-_base_prospectus_emtn_2026_v.finale_avec_numero_dapprobation.pdf
• Target Market: Manufacturer target market (MIFID II product governance): Eligible Counterparties and Professional clients (all distribution channels). No PRIIP, no KID.
• Fees: The Banks will be paid a fee by the Issuer in respect of the transaction
• Bookrunners: Crédit Agricole CIB, Crédit Mutuel Arkea, DekaBank, DZ BANK (B&D), LBBW, Santander (DM)
• ISIN: FR001401AMG9
• Books Subject: Books go subject 11:40 CET
• Hedge Deadline: 14:10 CET
• Timing: Books open, today's business. Pricing expected later today.