Commentary & Deal Flow

Final Books: In excess of €2.5bn (incl. €75m JLM interest). Peak book in excess of €2.6bn (incl. €75m JLM interest)

Launched: 5yr: €500m @ MS+5bp - Books in excess of €2.6bn (incl. €75m JLM interest)

Spread set at: 5yr: MS+7a - Books in excess of €1.6bn (incl. €75m JLM interest)

Guidance: 5yr: MS+8a

• Issuer: Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO) (ticker: "NEDFIN")
• Issuer Ratings: AAA/AAA (all stable) (S&P/Fitch)
• ESG Ratings: ISS ESG (Prime)
• Size: €500m
• Status/Format: Senior unsecured / Reg S Bearer / New Global Note
• Coupon: Fixed, Annual, ACT/ACT
• Settlement: 29-Sep-26 (T+5)
• Maturity: 29-Sep-31
• Docs: EMTN Programme
• Listing: Luxembourg
• Gov Law: Dutch
• Denoms: 100k+100k
• Fees: The Joint Bookrunners will be paid a fee in connection to the transaction (MIFID II)
• ISIN: XS3519771672
• LEI: XTC5E2QFTEF0435JWL77
• Target Market: Eligible counterparties and professional investors, each as defined in MiFID II/UK MIFIR (all channels for distribution)
• Joint Bookrunners: BofA / ING / JPM(DM, B&D) / Rabobank
• Schedule: Books open, today's business. Books to close at 10:15 UK / 11:15 CET
• UoP: The bond proceeds are reserved for financing Green Projects according to the FMO Sustainability Bonds framework
• Benchmark: HR 99% vs OBL 2.9 08-Oct-31 #194
• Hedge Deadline: 13.30 UKT / 14.30 CET
• Timing: Pricing later today