Commentary & Deal Flow

Guidance: 3yr: EU+8a 30yr: EU+5a

• Issuer: European Union (EU)
• LEI: 529900FZRK8FGMPEOM08
• Ratings: AAA/st (Fitch) / Aaa/st (Moody's) / AA+/st (S&P) / AAA/st (Scope)
• Risk Weighting: 0%
• Format & Type: Reg S (Category 1) Bearer (TEFRA Rules apply, no communications with or into the US or Canada (excluding Ontario)), NGN
• Trade Date: 15-Sep-26
• Settlement: 22-Sep-26 (T+5)
• Tranche:
  • 3yr: NEW Mar-2030
  • 30yr: NEW Oct-2056
• Maturity Date:
  • 3yr: 12-Mar-30
  • 30yr: 12-Oct-56
• Tranche Size:
  • 3yr: €6bn (WNG)
  • 30yr: €5bn (WNG)
• Coupon:
  • 3yr: []%, Fixed, short first Ann, ACT/ACT ICMA
  • 30yr: []%, Fixed, long first Ann, ACT/ACT ICMA
• Guidance:
  • 3yr: EU 2.375% Jul-29 (mid) +8bps area
  • 30yr: EU 4.000% Oct-55 (mid) +5bps area
• ISIN:
  • 3yr: EU000A4E0858
  • 30yr: EU000A4E0866
• Denoms: €1
• Listing: Luxembourg Stock Exchange’s Regulated Market
• Law: Luxembourg
• Docs: In accordance with the Issuer's Debt Issuance Programme
• JLMs: Barclays, Citi, Credit Agricole CIB, DZ Bank and J.P. Morgan (DM/B&D)
• Target Market: The target market for the Bonds is professionals, retail and eligible counterparties (all channels for distribution), each as defined in MIFID II/UK MiFIR
• Schedule: Books open, today's business