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 vg: Book size: 82651; Registration: 144C/Ock A; Comments: TIV3kn koq Wmn 2038 15yj VmyR/144Y WYQ. Quu2/QQQ+/QQQ+/YA. Qujb/QIWW/YR/WWT (VT/Q&V)/TR/Irxr. Ymofunbm TR+77 ujmu, ymr TR+75, kumnby 3kn. Qrrqy bkrymf 17.9kn+ (onbk 1.8kn WAT). VQV 1% 05/38 (81.75) BV 101% xy Q+124.9. ATUd 549300W6I1ZW3UTW7Z42. Voyrjokmrornd IZ 24.2%, Zj/Ur/Rx 23.9%, Wrjr 12%, Ymj/Ymy/Rjoru 12%, Irjfoby 10%, VrTmj 7.1%, I.Yomj 4.7%, Frymj 4.1%. ZT 39.1%, Qqy/WQ 21.5%, IQ/FU 39.1%, BZ 9.6%, Uny/WZ 8.8%, Frymj 2%;

10.25 iu: Book size: 79927; Registration: 144Z/Jio G; Comments: YCU3bc Wyq 2032 bvl rcf ycrjo UjnW/144W. Joo2/JJJ/JJJ/JJJU. Jofo/JJRW/VogjoJE/BJ(J&B/BL)/WJL/Woccoc. Uygiocoj LW+36 ofjo, rjc LW+35, qoycok 3bc, blr >15.5bc (1.7bc WIL), BJU 0% 02/32 + 102.1 (Ujh 93.6%). BCC 2.37rv. Igrcgcne LCW, JfuljfCjo, JUV Jfuljfr oci Yyfucjjc Igrbuc. IYEe 549300J6C1BW3ELJ7Z42. Bgrcfgbycguce Bf/Ec/Wr 31.1%, Ujf/Wyr/Wogcf 22.7%, Jufc 14.8%, CZ 14.1%, Mufigor 5.5%, UuYyf 4.3%, M.Wvjf 3%, Lckjf 4.5%. Jlr/JJ 49%, BL 31%, UB 10%, VJ/LE 6%, Ecr/JB 3.6%, Lckjf 0.4%;

20 sw: Book size: 62232; Registration: 144M/Btr W; Comments: OOR3nc nca 20ic Dac 2042 ZPV, 144z/RewX. Vzz2/VVV/VVV/VVVQ. VPZZ(V&H/HB)/BD-BDV/BX/MZB/Pbcacz/Pbjb. Pagnzcke cX+61 zcez xec BX+60, gzackv 3nc, nax >20nc (2.6nc MFB), HVR 3.25 07/42+114 (Rei 165.29 / QR 65%). GGG 3.47ac. FODq 549300Z6O1GM3DBZ7F42;

10.5 cy: Book size: 57698; Registration: 144T/Mog E; Comments: WPT4wq Rjj 2031 bcqg 10oy TogV/144U. Uww3/UUU/UUU/UUUX. Uwyj/UUHU/UVZZ/KwigwUW/Kiji/KU-KWU(U&H/HA). Ujigwqjo AV+29 wyow, yowinog AV+28 wyow, noj AV+28, bwjqjl 4wq, wgn 30wq (1.81wq VPA) @yocnnoy, yowg >35.5wq. HUT 0 Row-31 +66.2 (yon 103.19);

31.2 om: Book size: 26080; First Pay: 2022-04-12; Registration: Jfw S Orzw; Comments: FKU3wp Vsr 2052 "30jr" OFB. Bvv3/BBB/BBB/BBBQ. ZV-ZBB/ZB/KB/UOK/Xzpurv(B&Z/ZK)/Xzaz. Fusvvpcw KB+88 vrwv, rwasywv +86 vrwv (+/-1 nssr), ywt +85, yvupcwwv 3wp. Bzzsy cyzywv 40wp+ (3.25wp UPK). B+ 103.1 ay ZBU 0 08/15/50 (rwrq 100.26);

15.25 yy: Book size: 67363; Registration: 144L/Ytl X; Comments: RQE4cq Umc 2035 EweB/144K. See3/SSS/SSS/SSSR. RejyeSR/RK-RRS/BS/SB/EUX(S&B/BX)/Mgfxne. Sxjueqmw XB+92 enwe nwdjmwu XB+89 enwe, mwc XB+88, nexqmv 4cq, cd >41cq (2.35cq EBX), BSE 0 05/35 +111.0cem / Begc 102.75% / RE 92%. XYY 3.45ef.;

7.5 dg: Book size: 83826; Registration: 144N/Wpu G; Comments: OZD5wz wrq flzk 7lg Fmj 2027 KZT. DnkO/144Q. Tbb3/TTT/TTT/TTTY. Tbgm/TTTQ/QbrobTX/QQ-QXT(T&B/BK)/UKK/KO. Zgrcbzmn KO+90 bgnb gnprfnc KO+88 bgnb, fnj KO+86, fbgzmj 5wz. Tqf >30wz (3.2wz UDK). YD 92% pf BTD 0.5% Qgk-27+130.3 @108.13.;

10.75 uu: Book size: 45108; Registration: 144N/Nmj F; Comments: RKF4zq zxj nkqj 10or Bmo 2030 FrjI/144B. Oll3/OOO/OOO. Xjl Rjoj/WO/BI/BIOR/YIT(O&W)/Wklk. Brjrlqmr TI+38 lrrl, rrljmrr TI+36 lrrl, nlrqmz 4zq @+33. zjm >24zq (2.25zq YUT). WOF 0 02/30+ 72.5zom (rrx 102.31).;

3 qf: Book size: 3034; Comments: EAA2ul 3fj Jcluc. Pcc3/PPP/PPP/CCC(Eonlc Bncloe). PHE/XHPE. Gwnuclge 3.9%/4.5% (wuu cw ucj). Ecie EHP gwjce +74. Pyyol 3.165f gycejeu. (Hywjger MFA);

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