Commentary & Deal Flow

5yr: Final books at reoffer > €1.5bn+ (incl. €200m JLM). Peak book in excess of €1.65bn+ (incl. €200m JLM)

Launched: 5yr: €750m @ MS+17bp - Books in excess of €1.65bn+ (incl. €200m JLM)
Book Update: Books in excess of €1.5bn (incl. €200m JLM)
Guidance: 5yr: MS+23a

• Issuer: SR-Boligkreditt AS
• Issuer LEI: 5493005EFLOPQ4K0ZF42
• Issue Type and Form of Notes: European Covered Bond (Premium), Norwegian Covered Bond backed by residential Norwegian mortgages, Reg S Bearer (TEFRA D), ECB repo & LCR Level 1B eligible, ECBC Covered Bond Label; TEFRA D Rules apply, no communications with or into the US or Canada (excluding Ontario)
• Exp Ratings: Aaa (Moody's)
• Size: €750m
• Joint Lead Managers: Barclays, BMO Capital Markets, Commerzbank, NORD/LB, TD Securities
• B&D: Commerzbank
• Maturity Date: 16-Sep-31
• Settlement Date: 16-Sep-26 (T+7)
• Coupon: [Ÿ]%, Fixed Annual, ACT/ACT (ICMA)
• Reference Benchmark: DBR 0 15-Aug-31 (DE0001102564), HR 110%
• Hedge Deadline: 13:45 CET
• Documentation: Issuer’s EUR20bn Euro Medium Term Covered Note Programme dated 22-May-26 (the “Programme”) available at https://www.sparebank1.no/nb/sor-norge/om-oss/investor/finansiell-info/sr-boligkreditt.html.
• Target Market: Eligible counterparties and professional clients only. No PRIIPs key information document ("KID") or UK disclosure document has been prepared as not available to retail in EEA or UK.
• Listing and Trading: Luxembourg Stock Exchange
• Denoms: €100,000 + €1,000
• Legislation of the Programme: English law, Norwegian law for status of Covered Bond
• Expenses: Joint Bookrunners will be responsible for the fees and expenses of their own legal advisors only
• Advertisement: The Base Prospectus dated 22-May-26, as supplemented, and the Final Terms, when published, will be available at: sparebank1.no/nb/sr-bank/om-oss/investor/finansiell-info/sr-boligkreditt.html
• Schedule: Books open, Today's business
• Books Subject: 12:15pm CET