Commentary & Deal Flow

European Stability Mechanism, rated Aaa (stable)/AAA (stable)/AAA (stable)/AAA (stable) (Moody's/S&P/Fitch/Scope), has mandated DZ Bank, HSBC, Santander and Société Generale to arrange a series of fixed income investor calls to be scheduled on 22-Oct-26. An electronic investor presentation will be made available.

An expected inaugural € bmk, Digitally Native Note, Sr Unsec long 3yr offering will follow, subject to market conditions.

Company Representatives:
Jun Dumolard – Head of Funding and Investor Relations
Sarah Fouqueray-Carrick – Deputy Head of Funding and Investor Relations
Adriaan Lubbers – Senior Funding Officer

Call Schedule:
22-Oct-26
Call #1: 14:00 CET / 13:00 UKT – Registration Link: https://www.netroadshow.com/events/login/1PeTHmojJcDMxfPYlNHCCgkQmdcZxVRh8oPOr

• Digital Advisory Banks: DZ Bank and Société Generale
• Maturity: Apr-30
• Platform: Issued on a distributed ledger technology (DLT) platform operated by Clearstream Europe AG (D7 DLT Platform) and in the context of the Eurosystem's Pontes initiative
• Clearance and Settlement: Eligible for clearance and settlement through all traditional Clearstream Banking and Euroclear Bank SA/NV rails
• Fees: Joint Bookrunners will be paid a fee in connection to the transaction
• Stabilisation: FCA/ICMA
• ECB Eligibility: Expected to be ECB eligible
• Manufacturer Target Markets (MIFID II Product Governance): Eligible counterparties and professional clients (all distribution channels)