Commentary & Deal Flow

Reoffer: 3yr: MS+43bp / 99.919 / 3.654%
Benchmark: 3yr: OBL 2.1 12-Apr-29 @ 97.795 / B+65.9bp

Tranche 1 (3yr): Final books above €1.05bn (excl. JLM-interest). Peak book above €1.45bn (excl. JLM-interest)

Launched: 3yr: €500m @ MS+43bp - Books above €1.45bn (excl. JLM-interest)
Book Update: Books above €1.2bn (excl. JLM-interest)
IPTs: 3yr: MS+70a

• Issuer: DekaBank Deutsche Girozentrale
• Issuer LEI: 0W2PZJM8XOY22M4GG883
• Ticker: DEKA Corp
• Issue Type: Senior Non Preferred Notes, MREL eligible
• Format: Reg S bearer, NGN
• Exp. Rating: A1/A by (Moody's/S&P)
• Size: €500m
• Coupon: 3.625%, annual, act/act ICMA
• Pay Date: 14-Sep-26 (T+5)
• Maturity: 14-Sep-29 (3 years)
• Reoffer: MS+43bp / 99.919 / 3.654%
• Benchmark: +65.9bp vs. OBL 2.1 12-Apr-29 @ 97.795, HR 116%
• Leads: Crédit Agricole CIB, Commerzbank, DekaBank (B&D), Deutsche Bank, ING, UniCredit
• Listing: Frankfurt/Luxembourg
• Denoms/Law: €100k + 100k, German
• Docs: Debt Issuance Programme
• ISIN: XS3499990649
• Target Market: The target market for the bonds is eligible counterparties and professional clients,each as defined in MiFID II.
• Fees: The Joint Bookrunners will be paid a fee in connection to the transaction (MIFID II)
• Timing: Priced, TOE: 16:07 CET, FFT: 16:25 CET