Commentary & Deal Flow

Reoffer: 5yr: MS+21bp / 99.619 / 3.334%
Benchmark: 5yr: DBR 0 Aug-31 TWIN @ 86.56 / B+38.7bp / HR 109%

Tranche 1 (5yr): Final books above €650m (incl. €90m JLM) good at reoffer. Peak book above €880m (incl. €90m JLM)

Launched: 5yr: €300m @ MS+21bp - Books above €880m (incl. €90m JLM)
Spread set at: 5yr: MS+21bp
Guidance: 5yr: MS+27a

• Issuer: Raiffeisen Landesbank Vorarlberg mit Revisionsverband eGen (Ticker: RFVORA)
• LEI: 529900FEID5L4H2T2L70
• Status of the Notes: Mortgage Covered Bond (Hypothekenpfandbrief) / European Covered Bond (Premium)
• Format: Reg S, Bearer
• Exp. Issue Rating: Aaa (Moody's)
• Size: €300m
• Tenor: 5-year
• Settlement Date: 31-Aug-26 (T+5)
• Maturity Date: 01-Sep-31 ("Soft bullet")
• Reoffer: MS+21bp / 99.619 / 3.334%
• Benchmark: +38.7bp vs DBR 0 Aug-31 TWIN (@86.56), HR 109%
• Coupon: 3.25% p.a., fixed, annual, Act/Act ICMA, Following, unadjusted, long first coupon
• Denoms/Listing/Law: €100,000 + €100,000 / Regulated Market of the Vienna Stock Exchange / Austrian Law
• ISIN: AT0000A3WV33
• Documentation: Under the Issuer’s base prospectus (Angebotsprogramm für Schuldverschreibungen), dated 02-Jun-26, as supplemented
• Advertisement: The Base Prospectus is available at: http://www.rlbv.at/basisprospekt
• 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: DZ Bank, Erste Group, Helaba, Raiffeisen Bank International (B&D) and UniCredit
• Fees: The Banks will be paid a fee by the issuer in respect of the placement of the securities
• Timing: TOE: 13:52 CET / FTT: 14:10 CET