Commentary & Deal Flow

Reoffer: 3yr: MS+90bp / 99.956 / 4.366%
Benchmark: 3yr: OBL 2.5 11-Oct-29 #190 @ 98.20% / B+122.2bp / HR 100%

Tranche 1 (3yr): Final Books >€1bn. Peak book >€1bn

Launched: 3yr: €500m @ MS+90bp - Book >€950m
IPTs: 3yr: MS+105/110bp

• Issuer: Leasys S.p.A.
• Ticker: LEASYS
• Country: IT
• Issuer LEI code: 5493009CCXH3RNCA7U43
• Issuer Rating: A- (stable) by Fitch
• Exp. Issue Rating: A- by Fitch
• Format: Senior, Unsecured, Reg S Bearer
• Size: €500m
• Maturity: 28-Oct-29
• Settlement: 28-Oct-26 (T+5)
• Coupon: 4.35% Fixed (Annual, Act/Act ICMA)
• Price/Yield: 99.956% / 4.366%
• Spread: MS+90bp / B+122.2bp
• Ref Security: OBL 2.5 11-Oct-29 #190 @ 98.20% (3.144%) HR 100%
• UoP: General corporate purposes
• Documentation: EMTN – Base prospectus dated 17-Jul-26
• Issuer Call Option: 1 month par call
• Investor Put Option: CoC at 100%
• Governing Law: English law
• Listing: Euronext Dublin Regulated Market
• Denoms: € 100k + € 1k
• ISIN: XS3550479037
• Global Coordinator: Crédit Agricole CIB
• Joint Bookrunners: ABN AMRO, Banca Akros, BBVA, CIC CIB, Crédit Agricole CIB (B&D), Lloyds, UniCredit
• Target Market: Manufacturer target market (EEA MiFID II/UK MiFIR product governance) is Professional Clients and Eligible Counterparties only (all distribution channels). No EU 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
• Advertisement: This communication is an advertisement for the purposes of Regulation (EU) 2017/1129 and underlying legislation. It is not a prospectus. The Base Prospectus, the Supplements and the Final Terms, when published, will be available on the website of Euronext Dublin at https://www.euronext.com/en/markets/dublin
• Schedule: Books open, today's business
• Books Subject: 12.45 UKT / 13.45 CET
• Hedge Deadline: 15.30 UKT / 16.30 CET
• Timing: TOE 15.42UKT FTT 16.00 UKT / 17.00 CET