Commentary & Deal Flow

Reoffer: 8yr: MS+33bp / 99.679 / 3.672%
Benchmark: 8yr: DBR 2.6 15-Aug-34 @ 95.40 / B+40.6bp / HR 102%

8yr: Final Books €375m (incl. €125m JLM interest). Peak books in excess of €500m (incl. €125m JLM interest)

Launched: 8yr: €300m @ MS+33bp - Orderbooks in excess of €500m (incl. €125m JLM interest)
Spread set at: 8yr: MS+33bp
Guidance: 8yr: MS+36a

• Issuer: Oberbank AG
• Ticker: OBERBK
• LEI: RRUN0TCQ1K2JDV7MXO75
• Issuer Rating: A- (stable) by Standard & Poors
• Exp. Issue Rating: AAA by Standard & Poors
• Issuer Type: Mortgage Covered Bond (Hypothekenpfandbrief), European Covered Bond (Premium)
• Format: Reg S (bearer form)
• Issue Size: €300m
• Settlement: 11-Sep-26 (T+7)
• Maturity: 11-Sep-34
• Maturity Type: Soft Bullet
• Ext. Maturity Date: 11-Sep-35
• Coupon: 3.625% Fixed, annual, Act/Act ICMA, unadjusted
• Reoffer: MS+33bp / 99.679 / 3.672%
• Benchmark: DBR 2.6 15-Aug-34 @ 95.40 / B+40.6bp / HR 102%
• Denominations: €100,000 + €100,000
• Listing/Law: Vienna Stock Exchange – Official Market (Amtlicher Handel) / Austrian Law
• Joint Bookrunners: DekaBank, DZ Bank, Erste Group, Helaba (B&D)
• Target Market: Manufacturer target market (MiFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No EU or UK PRIIPs key information document (KID) has been prepared.
• Fees: The Joint Bookrunners will be paid a fee by the Issuer in relation to the transaction.
• Advertisement: Oberbank's Debt Issuance Programme, Base Prospectus dated 17-Dec-25 as supplemented is available on the following: (https://www.oberbank.at/documents/20195/21719/wp_Basisprospekt2025_2.pdf)
• ISIN/WKN: AT0000A3X198 / A4E0H3
• Timing: Priced, TOE: 14.25 CET / FTT: 14.40 CET