Bookrunners: BNP Paribas, Crédit Agricole CIB, Deutsche Bank, DZ BANK, LBBW and Nordea
Joint ESG Structuring Coordinators: Deutsche Bank, DZ BANK
Use of Proceeds: An amount equal to the nominal amount of the issuance will be fully allocated by the Issuer to refinance eligible expenditures for environmentally sustainable activities as defined under Article 3 of Regulation (EU) 2020/852 (the "EU Taxonomy Regulation"), as further specified in the Issuer's European Green Bond Factsheet dated 10-Sep-26. EuGBs issued by the State of Baden-Wuerttemberg under this Factsheet are also aligned with the voluntary guidelines of the ICMA Green Bond Principles 2025.
Target Market: Professional, retail and eligible counterparties each as defined in MiFID II and and UK MiFIR product governance (all channels for distribution of the Bonds are appropriate).