Commentary & Deal Flow

Tranche 1 (5yr): Final Books in excess of €1.85bn (incl. €400m JLM). Peak book above €2.4bn (incl. €400m JLM)

Spread set at: 5yr: MS+16bp - Books above €2.4bn (incl. €400m JLM)
Book Update: Books above €1.8bn (incl. €400m JLM)
Guidance: 5yr: MS+24a

• Issuer: Länsförsäkringar Hypotek AB (publ)
• Ticker: LFBANK
• Issuer LEI: 5493001P7BX1N0JAG961
• Expected Issue Ratings: Aaa/AAA (Moody's/S&P)
• Issue Type: Swedish Covered Bond / Säkerställda Obligationer
• Format: Reg S, Bearer, NGN
• EU Harmonisation: European Covered Bond (Premium)
• Size: €500m
• Ranking: Covered Bond
• Spread Set: MS+16bp
• Guidance: MS+24a
• Joint Bookrunners: Erste Group, Helaba, JP Morgan, NORD/LB, Santander, Swedbank (B&D)
• Trade Date: 24-Aug-26
• Settlement Date: 31-Aug-26 (T+5)
• Maturity Date: 13-Oct-31 (soft bullet)
• Coupon: Fixed, Annual, Act/Act (ICMA)
• Governing Law: English law, except that the provisions of the Covered Notes under Condition 2 of the Terms and Conditions will be governed by, and construed in accordance with, Swedish law
• Listing: Luxembourg Stock Exchange
• Clearing: Euroclear / Clearstream
• Documentation: Issuer’s €6bn Euro Medium Term Covered Note Programme dated 1-Apr-26
• Denominations: €100,000 (and integral multiples of €1,000 in excess thereof)
• Target Market: Manufacturer target market (EU MiFID II and UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EU PRIIPs or UK PRIIPs key information document (KID) has been prepared as not deemed within scope
• Advertisement: The Base Prospectus (and Final Terms, when published) is available at https://www.lansforsakringar.se/stockholm/other-languages/english/about-lansforsakringar/lansforsakringar-hypotek/terms-of-usage-for-emtn-base-prospectus/prospectus-euro-medium-term-notes/
• Books subject: 12.00 CET
• Schedule: Books open, Today's business
• Hedge: vs OBL 2.9 Oct-31 (HR: 99%)
• Hedge Deadline: 14:55 CET, Pricing shortly thereafter
• ISIN: XS3486690285