Commentary & Deal Flow

Reoffer: 6yr: MS+32bp / 99.652% / 3.816%
Benchmark: 6yr: DBR 1.7 15-Aug-32 @ 91.87% / B+57bp / HR 105%

6yr: Final Books above €340m (incl. €50m JLM)

Launched: 6yr: €250m @ MS+32bp - Orderbook above €325mn (incl. 50mn JLM-Interest)
Spread set at: 6yr: MS+32bp
Book update: Orderbook above €300mn (incl. 50mn JLM)
Guidance: 6yr: MS+35a

• Issuer: Evangelische Bank eG (Ticker: EVKGSB)
• LEI: 529900R600X5X54X0G26
• Issuer Rating: A+ (stable) S&P
• Exp. Issue Rating: AAA (S&P)
• Rating Split: Issuer: A+ (stable) S&P, Issue: AAA (S&P)
• Status: Hypothekenpfandbrief (German Mortgage Covered Bond)
• Issue Size: €250m
• Settlement: 13-Oct-26 (T+6)
• Maturity: 13-Oct-32 (6Y)
• Coupon: 3.75% fixed, annual, act/act ICMA, unadjusted
• Reoffer: MS+32bp / 99.652% / 3.816%
• Benchmark: DBR 1.7 15-Aug-32 @ 91.87% / B+57bp, HR 105%
• Denominations: 100k + 100k
• Listing/Law: Luxemburg / German law
• ISIN/WKN: DE000A5DST37 / A5DST3
• Joint Bookrunners: Commerzbank, DZ Bank (B&D) and NORD/LB
• MIFID II: Manufacturer target markets (MIFID II product governance) are eligible counterparties and professional clients only (All distribution channels).
• Fees: The joint bookrunners will be paid a fee in respect of the placement of the securities.
• Timing: Priced, TOE: 13.50 CET, FTT: 14.00 CET