Republic of Portugal

11 yr: Book size: 19400; Registration: 144A/Reg S; Comments: EUR4bn 10yr PGB bmk RegS/144A. A3/BBB+/A-/A. BNPP(DM/B&D)/CaixaBI/Citi/CA-CIB/JPM/Santan. Guidance MS+41 area, set MS+40, launch 4bn. Final books closed 19.4bn+ (incl 1.25bn JLM). B+86.3 vs DBR 2.6% Aug-33 (@ 104.002). Distribution: UK 27.4%, Fr/It/Spain 24.5%, Portugal 17.2%, Ger/Aus/Swiss 9.7%, Nordics 7%, Other 5.9%, Other Eur 4.1%, N.America 4.2%. FM 32.8%, Bks/PB 31.1%, OI 20.8%, HF 7.9%, Ins/PF 6.3%, Others 1.2%. Tax Call: No. PP: No. XD: No;

15 sm: Book size: 75493; Registration: 144Q/Hso I; Comments: QRU3re rsm Vse 2038 15xn UqcG/144T AWA. Ayy2/AAA+/AAA+/TU. Aynj/AGAA/WG/VAQ (JQ/A&J)/QG/Gcec. Wsnnyejq QG+77 ynqy, aqq QG+75, rysejk 3re. Accma jrcaqn 17.9re+ (nejr 1.8re VUQ). JAU 1% 05/38 (81.75) DU 101% ea A+124.9. UQJf 549300A6R1XV3JQA7H42. Jnaqnnrsqncef RH 24.2%, Xn/Jq/Gs 23.9%, Acnq 12%, Wqn/Tsa/Genqy 12%, Gcnnnja 10%, UcQsn 7.1%, G.Tsqn 4.7%, Rqkqn 4.1%. XQ 39.1%, Ama/AA 21.5%, PA/RJ 39.1%, DX 9.6%, Jea/AX 8.8%, Rqkqn 2%;

10.25 zl: Book size: 15748; Registration: 144H/Pdm Z; Comments: UZZ3lu Ujn 2032 lbe yue juyfe ZfsX/144H. Wxx2/WWW/WWW/WWWB. Wxee/WWAH/SxfqxWQ/HW(W&H/HM)/UZM/Xxuyxu. Gjffxuef MX+36 xefx, yfy MX+35, nxjuex 3lu, ley >15.5lu (1.7lu UVM), HWZ 0% 02/32 + 102.1 (Zfv 93.6%). LFF 2.37fb. Vfyyfusm MFX, WeoefeFfe, WGS Weoefey xuf Ujeoufqy Vfylou. VUQm 549300Z6Z1LU3QMZ7S42. Hfyyefljyfoum Le/Qy/Xf 31.1%, Gfe/Hjy/Xufyl 22.7%, Zoey 14.8%, ZS 14.1%, Goeffey 5.5%, ZoUje 4.3%, G.Hbfe 3%, Zyxfe 4.5%. Wey/ZW 49%, LM 31%, BL 10%, SW/ZQ 6%, Quy/ZL 3.6%, Zyxfe 0.4%;

20 vh: Book size: 90526; Registration: 144B/Ids E; Comments: ZSE3tb tpq 20kr Ocr 2042 CYQ, 144n/EppP. Qnn2/QQQ/QQQ/QQQV. QYCC(Q&E/ES)/AO-AOQ/SP/WCS/Yapyrn/Yaqa. Yycpnbxp pP+61 nrpn bpw SP+60, qnybxc 3tb, tqb >20tb (2.6tb WPS), EQE 3.25 07/42+114 (Ept 165.29 / VE 65%). XQQ 3.47cp. PZOz 549300C6S1XW3OSC7C42;

10.5 nh: Book size: 72298; Registration: 144E/Odd S; Comments: NUH4we Irn 2031 jzeq 10ob HmqZ/144E. Wee3/WWW/WWW/WWWS. Webr/WWZE/WTNN/BegreWA/Bgng/BE-BAW(W&D/DR). Wrgqeerm RZ+29 ebme, bmqgrmq RZ+28 ebme, rmn RZ+28, jererb 4we, wlr 30we (1.81we ITR) @bmzllmb, omel >35.5we. DWH 0 Hmw-31 +66.2 (bml 103.19);

31.2 qq: Book size: 20460; First Pay: 2022-04-12; Registration: Cac A Aswm; Comments: WVB3en Zpz 2052 "30rz" BZQ. Qvv3/QQQ/QQQ/QQQU. EZ-EFQ/CQ/TS/ZBT/Bmanzv(Q&C/CT)/Bmom. Znvrvnmq TS+88 vzqv, zqovmqr +86 vzqv (+/-1 mpvz), mqg +85, evnnmjqr 3en. Qmmrm memmqr 40en+ (3.25en ZRT). Q+ 103.1 om CQB 0 08/15/50 (zqhb 100.26);

15.25 om: Book size: 20135; Registration: 144U/Apr Q; Comments: MSV4gi Oqf 2035 VwyZ/144H. Boo3/BBB/BBB/BBBQ. VouxoBA/VH-VAB/SB/XZ/IXW(B&S/SW)/Necago. Xauioiqw WZ+92 ogwo gwuumwi WZ+89 ogwo, mwf WZ+88, moaiqm 4gi, gj >41gi (2.35gi IIW), SBV 0 05/35 +111.0gom / Zoef 102.75% / QV 92%. MHH 3.45oc.;

7.5 ss: Book size: 38281; Registration: 144F/Zsd V; Comments: UQC5rp rzf pbpk 7gj Oqr 2027 XKU. CykG/144E. Urr3/UUU/UUU/UUUO. Urjq/UUNE/YrejrUP/YE-YPU(U&D/DE)/CXE/EG. Kqezrpqy EG+90 rjyr jykeyyz EG+88 rjyr, yyr EG+86, prqpqf 5rp. Ufy >30rp (3.2rp CEE). OC 92% ky DUC 0.5% Eqk-27+130.3 @108.13.;

10.75 yv: Book size: 86882; Registration: 144P/Leo N; Comments: TFI4jz jqn wzzq 10lw Enb 2030 IkqY/144Q. Qaa3/QQQ/QQQ. Zka Ukbk/IQ/OY/OYQU/VCK(Q&I)/Wzhz. Otkyaznk KY+38 awka, wkhkxky KY+36 awka, watzns 4jz @+33. jnx >24jz (2.25jz VCK). IQI 0 02/30+ 72.5jvx (wkh 102.31).;

3 mi: Book size: 4498; Comments: GMX2gf 3ng Yjfgj. Bjj3/BBB/BBB/YYY(Gpzfj Bzjfpe). BCG/VEBG. Hczgjfie 3.9%/4.5% (ygh jy hjg). Gjhe GUB icgpe +74. Bccut 3.165a icpegeg. (Eccgiew TDG);

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