Commentary & Deal Flow

Sparkasse - Cassa di Risparmio di Bolzano S.p.A. (CASBOL), rated AA+ by Fitch, has mandated Erste Group, Raiffeisen Bank International and UniCredit (B&D) as Joint Bookrunners to arrange a series of investor calls, commencing on Monday 31st August. A Deal Roadshow presentation will be made available. Erste Group will be coordinating roadshow logistics.

An inaugural €250m (WNG), short 5yr (31-Jul-31), Reg S Bearer, soft-bullet Obbligazioni Bancarie Garantite Europee - European Covered Bond (Premium) transaction may follow in the near future, subject to market conditions. The notes are backed by 100% Italian residential mortgages. The deal is expected to be rated AA+ by Fitch and to be ECB Eligible, LCR Level 2A, beneficial treatment under CRR Art.129 and Solvency II and is ECBC Covered Bond Label Compliant. The transaction will be launched in the near future, subject to market conditions.

Company Representatives:
Mario Cappelletti – Head of Accounting, Tax and Planning
Alexander Schrott – Head of Credit
Armin Weissenegger – Head of Finance & Treasury

Call Schedule:
Monday 31st August - 1-1 / small group call
11.00 UKT / 12.00 CET
12.00 UKT / 13.00 CET
13.00 UKT / 14.00 CET
14.00 UKT / 15.00 CET
16.00 UKT / 17.00 CET

DealRoadshow Information:
URL: https://dealroadshow.finsight.com
Entry Code: CASSADIRISPARMIO2026
Direct Link: https://dealroadshow.finsight.com/e/CASSADIRISPARMIO2026

• Issuer: Sparkasse - Cassa di Risparmio di Bolzano S.p.A.
• Expected Issue Rating: AA+ (Fitch)
• Format: Reg S Bearer
• Size: €250m (WNG)
• Tenor: Short 5yr
• Maturity: 31-Jul-31
• Type: Soft-bullet Obbligazioni Bancarie Garantite Europee - European Covered Bond (Premium)
• Collateral: Backed by 100% Italian residential mortgages
• Regulatory Treatment: ECB Eligible, LCR Level 2A, beneficial treatment under CRR Art.129 and Solvency II
• ECBC Covered Bond Label: Compliant
• Joint Bookrunners: Erste Group, Raiffeisen Bank International and UniCredit (B&D)
• Roadshow Coordinator: Erste Group
• 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 the EEA
• Stabilisation: FCA/ICMA stabilisation applies