Commentary & Deal Flow

Reoffer: 5yr: MS+5bp / 99.494 / 3.487%
Benchmark: 5yr: OBL 2.9 10-Aug-31 #194 @ 98.310 / B+22.2bp

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: 3.375%, Annual, ACT/ACT
• Settlement: 29-Sep-26 (T+5)
• Maturity: 29-Sep-31
• Re-offer: MS+5bp / 99.494 / 3.487%
• OBL Ref: +22.2bp vs OBL 2.9 10-Aug-31 #194 @ 98.310 / 3.265% (HR 99%)
• 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 (B&D/DM) / Rabobank
• Timing: Priced. ToE 13:48 UKT / 14:48 CET. FTT immediately
• UoP: The bond proceeds are reserved for financing Green Projects according to the FMO Sustainability Bonds framework
• Sustainability Bond Framework: https://www.fmo.nl/sustainability-bonds-framework
• Investor Presentation: https://www.fmo.nl/invest-with-us/funding