60 yr: Book size: 2100; Redemption: 2028-11-15; Registration: Reg S Only; Comments: EUR750m bmk 60NC5.25 hybrid RegS. Ba2/BB+. Barc(Logis)/Citi/Uni(B&D). IPTs 8.375% area, guidance 8% area (+/- 0.125). Launch 750m @7.875%, cpn set 7.75%. Final bks 2.1bn+ (peak 2.4bn+). DBR 0.25% 02/29, (88.95 / 2.52%) B+535.8. Reset 15/2/29, steps 25bp 2/34, 75bp 2/49. FTT 4:30pm. Tax Call: Yes. Reset Date: 2029-02-15. MWC: B+50. Regulatory Call: Substitution or Variation Upon an Accounting Event, a Rating Agency Methodology Event, a Tax Deductibility Event or a Gross Up Event, subject to certain conditions (including the terms of Qualifying Securities not being materially less favourable to Securityholders than the terms of the Securities). CoC: 101%. LEI: 549300LIVN3FFOJN2K47;