Commentary & Deal Flow

Final Books > €750mn (incl. €25m JLM). Peak book above €1.34bn (pre-reconciliation) (incl. €50m JLM)

Launched: 7yr: €500m @ MS+62bp - Books above €1.34bn (incl. €50m JLM) - pre-rec
Book update: Books above €1bn
IPTs: 7yr: MS+85a

• Issuer: OP Corporate Bank plc (Ticker: "OPBANK")
• LEI: 549300NQ588N7RWKBP98
• Issuer ratings: Aa3, stable (Moody's) / AA-, stable (S&P)
• Exp. issue ratings: Aa3 (Moody's) / AA- (S&P) A securities rating is not a recommendation to buy, sell or hold securities. Ratings may be subject to revision or withdrawal at any time, and each rating should be evaluated independently of any other rating
• Status of the Notes: Restricted Senior Preferred Instruments
• Maturity Date: 14-Sep-33 (7yr)
• Settlement: 14-Sep-26 (T+5)
• Issue Size: €500m
• Coupon: Fixed, Annual, payable in arrear
• Coupon Payment Dates: 14-Sep in each year, commencing on 14-Sep-27
• Day Count Fraction / Business Day Convention: Act/Act ICMA / Following
• Early Redemption: Subject to certain conditions (including prior regulatory approval), early redemption of the Instruments will be permitted for taxation reasons or upon the occurrence of an MREL Disqualification Event (partial or full disqualification)
• Substitution and Variation: If an MREL Disqualification Event has occurred and is continuing or to ensure the effectiveness or enforceability of bail-in, the Issuer may substitute or vary the terms of all (but not some only) of the Instruments, without any requirement for the consent or approval of Holders such that they remain or, as appropriate, become, Compliant Instruments (subject to certain pre-conditions including not materially less favourable to Holders)
• Acknowledgement of Bail-in and Loss Absorption Powers: Contractual acknowledgement of Finnish bail-in and loss absorption powers
• Denominations: €100,000 (and integral multiples of €1,000 in excess thereof)
• Listing: Euronext Dublin (regulated)
• Clearing: Euroclear / Clearstream, Luxembourg
• Governing Law: Finnish law
• Documentation: The Issuer's €25,000,000,000 Euro Medium Term Note Programme described in the Base Prospectus dated 18-Dec-25, as supplemented from time to time (the "Programme")
• Selling Restrictions: As per the Programme, Reg S Compliance Category 2, TEFRA D
• Target Market: Manufacturer target market (MIFID II/UK MiFIR product governance, as appropriate) is eligible counterparties and professional clients only (all distribution channels). No EEA PRIIPs KID or UK PRIIPs KID/CCI product summary has been prepared as not available to retail in EEA or the UK
• Use of Proceeds: General corporate purposes
• Bookrunners: Barclays, Crédit Agricole CIB, Nomura (B&D/DM), OP Corporate Bank
• Hedge Ref: DBR 2.6% 08/33 - HR 100%
• Hedge deadline: 13h45 UKT / 14h45 CET
• Advertisement: This communication is an advertisement. The Base Prospectus relating to the Programme and supplements thereto (if any) are available at: https://www.op.fi/en/op-financial-group/debt-investors/issuers/op-corporate-bank-plc/emtn-base-prospectuses The Final Terms relating to the Instruments, when published, will be available at: https://www.op.fi/en/op-financial-group/debt-investors/issuers/op-corporate-bank-plc/emtn-issues