Commentary & Deal Flow

Reoffer: 3.75yr: SONIA+51bp / 100

Tranche 1 (3.75yr): Final Books £1.35bn+ (inc. £100m JLM). Peak book £1.55bn+ (inc. £100m JLM)

Launched: 3.75yr: £1bn @ SONIA+51bp - Books: £1.55bn+ (inc. £100m JLM)
Book Update: Books £1.25bn+ (incl £100m JLM)
Guidance: 3.75yr: SONIA+55a

• Issuer: Commonwealth Bank of Australia (ABN 48 123 123 124) (“CBA”)
• Issuer LEI: MSFSBD3QN1GSN7Q6C537
• Covered Bond Guarantor: Perpetual Corporate Trust Limited (ABN 99 000 341 533) in its capacity as trustee of the CBA Covered Bond Trust
• Type: Australian legislative Covered Bond, backed 100% by prime Australian residential mortgages
• Expected Issue Rating: Aaa / AAA (Moody’s / Fitch)
• Format: Bearer Form, Classic Global Covered Bonds, Reg S (TEFRA D rules apply - no communications with or into the US or to US persons)
• Size: £1bn
• Maturity: 8-Jul-30 (3.75-year), Soft Bullet Maturity
• Settlement: 8-Oct-26 (T+8)
• Coupon: SONIA+51bps. Floating, Compounded Daily SONIA, 5 day observation lag, Quarterly until Maturity Date then Monthly until Extended Due Date for Payment, Act/365F
• Reoffer: SONIA+51bps / 100.000 (Par)
• ISIN: XS3526002616
• Denoms/Listing: GBP100k + 1k / London Stock Exchange’s Main Market
• Joint Lead Managers: BMO, CBA, Lloyds, Nomura (B&D) and UBS
• Target Market: MiFID II / UK MiFIR professionals/ECPs-only/No PRIIPs key information document (KID) or disclosure document required by the FCA Product Disclosure Sourcebook has been prepared as not available to retail in EEA or the UK
• Governing Law: The Covered Bonds and the Bond Trust Deed are governed by English law. The Security Deed is governed by New South Wales, Australia law
• Documentation: The Base Prospectus in relation to CBA’s U.S.$40bn Covered Bond Programme dated 20-Jul-26 and any supplements thereafter are available, and the Final Terms, when published, will also be available via: https://www.commbank.com.au/about-us/investors/covered-bonds.html
• Timing: ToE: 1334UKT / FTT: 1350UKT