Legislation: Norwegian Covered Bonds backed by prime Norwegian residential mortgages
Status: European Covered Bond (Premium), ECBC Covered Bond Label compliant
Currency: €
Size: Benchmark
Use of Proceeds: To finance or re-finance, in part or in full, new and/or existing residential green buildings, pursuant to the Issuer’s Green Bond Framework, which is available on the website of the Issuer alongside the second party opinion
Launch date: 26-Aug-26
Settlement Date: 02-Sep-26 (T+5)
Maturity Date: 02-Sep-33 (7-year, soft bullet)
Extended Maturity Date: 02-Sep-34
Interest Payment Dates: Annually on 2 September each year commencing on 02-Sep-27 up to (and including) the Maturity Date, subject to Business Day Convention
Coupon: Fixed [•]% annually
Day Count Fraction: Act/Act (ICMA)
Business Day Convention: Following, unadjusted
Denominations: €100,000 + €1,000 increments
Fees: The Joint Bookrunners will be paid a fee by the Issuer in respect of the placement of the securities
Documentation: Issuer’s EUR 25bn Covered Bond Programme dated 01-Jun-26
Selling Restrictions: Per the Base Prospectus. TEFRA D Rules apply, no communications with or into the US or Canada (excluding Ontario)
Listing / Law: Luxembourg Stock Exchange / English law, except that the provisions of the Covered Bonds under Condition 2 of the Terms and Conditions will be governed by, and construed in accordance with, Norwegian law
ISIN / Common Code: XS3487836705 / 348783670
Clearing: Euroclear / Clearstream, Luxembourg
Target Market: Manufacturer target market (MIFID II / UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No EU PRIIPs key information document (KID) or UK DISC disclosure document has been prepared as not available to retail in EEA or the UK
Joint Bookrunners: BMO Capital Markets, Commerzbank, HSBC, LBBW, SEB, Société Générale