Commentary & Deal Flow

Reoffer: 2yr: MS+75bp / 99.938 / 3.908%
Benchmark: 2yr: BKO 2.7% Sep-28 @ 99.499 / B+ 95.5bp / HR 98%

Final orderbook: €320m+. Peak Books €400m+

Launched: 2yr: €200m @ MS+75bp - Books €400m+
IPTs: 2yr: MS+90a

• Issuer: CCF Holding
• LEI: 969500ULNMJWJWCKM704
• Expected Rating of the Notes: Baa3 (Moody's)
• Status of the Notes: Senior Preferred
• Issue Amount: €200m
• Form of the Notes: Dematerialised Reg S Bearer
• Trade Date: 3-Sep-26
• Settlement Date: 10-Sep-26 (T+5)
• Maturity Date: 10-Sep-28 (2yr)
• Reoffer: 99.938 / MS+75bp / 3.908%
• Benchmark: 95.5bp vs BKO 2.7% Sep-28 @ 99.499 / HR 98%
• Interest Payment Date(s): 10 September in each year, commencing on 10-Sep-27 up to (and including) the Maturity Date
• Coupon: 3.875% Annual Act/Act ICMA, Following Business Day Convention (unadjusted)
• Business Days: T2 and Paris
• Redemption Basis: 100%
• Sole Lead Manager: Goldman Sachs Bank Europe SE
• Use of Proceeds: General Corporate Purposes
• ISIN / Common Code: FR001401ASU7 / 350011366
• Denominations: €200k x €200k
• Listing: Euronext Growth
• Governing Law: French Law
• Clearing System(s): Euroclear France, Euroclear / Clearstream
• Documentation: As per the Issuer's Preliminary Offering Memorandum dated 2-Sep-26
• Target Market: MiFID II and UK MiFIR professionals/ECPs-only. Manufacturer target market (MiFID II product governance and UK MiFIR product governance rules) is eligible counterparties and professional clients only (all distribution channels). No EEA PRIIPs KID or UK PRIIPs disclosure document /CCI product summary
• Timing: PRICED – TOE 14:04 LDN / 15:04 CET FTT 14:30 LDN / 15:30 CET