Commentary & Deal Flow

5yr: Final Books above €1.0bn. Peak book in excess of €1.35bn (excl. JLM interest)

Launched: 5yr: €300m @ MS+115bp - Books in excess of €1.35bn (excl. JLM interest)
IPTs: 5yr: MS+150a

• Issuer: AB "Ignitis grupė" (ticker: "IGNITI", country: LT)
• Issuer LEI: 5493005RZJHJT5PNHY10
• Issuer Ratings: Baa1 stable by Moody’s / BBB+ stable by S&P
• Exp Instrument Ratings: Baa1 by Moody’s / BBB+ by S&P
• Status of the Notes: The Notes will constitute direct, unconditional, unsubordinated and (subject to Condition 5 (Negative Pledge)) unsecured obligations of the Issuer which will at all times rank pari passu among themselves and at least pari passu with all other present and future unsecured obligations of the Issuer, save for such obligations as may be preferred by provisions of law that are both mandatory and of general application
• Format: Reg. S, Category 1, Registered, NSS, EuGB
• Currency: €
• Size: €300m
• Maturity: 5yr
• Settlement Date: 27-Oct-26 (T+5)
• Maturity Date: 27-Oct-31
• Coupon Type: Fixed, Annual, Actual/Actual (ICMA)
• Interest Payment Date: Interest in respect of the Notes will be payable annually in arrear on 27 October in each year commencing on 27-Oct-27 and ending on the Maturity Date (unless the Notes are previously redeemed or purchased and cancelled)
• ISIN / Common Code: XS3518604056 / 351860405
• Denominations: €100,000 + €1,000
• Optional Redemption: Make-Whole Call, 3m Par call, Clean-Up Call (75%), Change of Control Put Option (Par)
• Documentation: Issuer’s €2bn EMTN Programme, Base Prospectus dated 3-Sep-26
• Governing Law: English Law
• Listing: Luxembourg Stock Exchange – Regulated Market and expected to be displayed on Luxembourg Green Exchange (LGX), with passporting to Nasdaq Vilnius
• Clearing: Euroclear and Clearstream, Luxembourg
• Global Coordinators and Joint Bookrunners: BNP Paribas (B&D), Goldman Sachs Bank Europe SE, J.P. Morgan, MUFG
• Joint Bookrunners: SEB, Swedbank
• Joint Green Coordinators: BNP Paribas, J.P. Morgan
• IFIs Participation: The Issuer has received an expression of interest from a number of international financial institutions ("IFIs"), who may elect in their discretion to place an order to participate in the offering
• Use of Proceeds: The Notes are designated as “European Green Bond” or “EuGB” in accordance with Regulation (EU) 2023/2631 of the European Parliament and of the Council. The Issuer will use an amount equivalent to the gross proceeds of the issue of the Notes to finance and/or re-finance, in whole or in part fixed assets, capital and operating expenditures in accordance with the gradual approach as referred to in Article 4(1) of the E.U. Green Bond Regulation and its European Green Bond Factsheet dated 11-Aug-26. The net proceeds of the issue of the Notes will, in whole or in part, be used to refinance existing indebtedness including financing the Tender Offer of the outstanding €300m 2.000% Notes due 14-Jul-27 (ISIN: XS1646530565) announced on 19-Oct-26
• MiFID II Target Market: Eligible counterparties and professional clients only (all distribution channels). No EEA 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 UK
• Selling Restrictions: There are restrictions on the distribution of the Base Prospectus and the offer or sale of the Notes in the United States, the EEA, the UK, Lithuania, Japan, Hong Kong and Singapore, among other jurisdictions
• Advertisement: The Base Prospectus is and the final terms in relation to the Notes, when published, will be available on the website of the Luxembourg Stock Exchange (www.luxse.com) and the Issuer (https://ignitisgrupe.lt/en/investors/bonds)
• Marketing: www.netroadshow.com Entry Code: IGNITIS2026 Direct Link: https://www.netroadshow.com/event/IGNITIS2026
• Timing: Books open, Today's business
• Books Subject: 12:45pm UKT / 1:45pm CET
• HR: 97% vs OBL 2.9 31 #194
• Hedge deadline: 15:45 UKT