Commentary & Deal Flow

Norddeutsche Landesbank - Girozentrale - (“NORD/LB”), (ticker: "NDB"), expected to be rated Aaa by Moody's, has mandated Credit Agricole, DZ Bank, Helaba, ING, NORD/LB and UniCredit as Joint Lead Managers for its upcoming €-denominated Benchmark Mortgage Covered Bond (Hypothekenpfandbrief).

An expected benchmark European Covered Bond (Premium) 7yr € offering will follow in the near future, subject to market conditions.

• Programme: EUR 25bn Programme for the Issuance of Debt Instruments dated 08-May-26, supplemented 31-Aug-26
• Target Market: Eligible counterparties, professional clients and retail clients, each as defined in MiFID II (all channels for distribution of the Bonds are appropriate)
• PRIIPs: No PRIIPs key information document (KID) has been prepared