Fredensborg AS

5 yr: Book size: 2300; Registration: Reg S Only; Comments: EUR500m WNG 5yr bmk snr unsec RegS. NR/BBB-/BBB-. BNPP(B&D)/Citi/DB/JPM(logs)/Swed. IPTs MS+220 area, guidance MS+185 area, launch MS+175. Final books 2.3bn+ (peal 3.6bn+). OBL 2.5% 10/29 B+187.8 (px: 101.53); HR 94%. FTT 4pm. Tax Call: Yes. Par Call: 3m. Cleanup Call: 75%. MWC: B+30bps. CoC: Yes. LEI: 549300TJR3PR8EXILG79;

General Corporate Purposes

2 wm: Comments: OFB1.3ty 2st zyt hyzyi MWM. MW. Cyyzgy/Mttqyy. Tyw Dyllj Cyz. Fyt Dyllj 3s. Dlyyyhy Dyllj 75%. DtDj Cyz. EFTj 549300TWW3FW8FVTEX79;

Tbwbvgk Lovdovgcb Advdofbf

3 yu: Registration: Erc T Abee; Comments: HET1.1jf 3iz SSD sfz jfstn SthH. DS. Dzzctn/Hvtc. Ztf 3fH+240. Fnq Znrrk Kts. Bnz Znrrk 3f. Zrtnfjt Znrrk 75%. ZzZk Kts. AEAk 549300FQS3BS8EKAAT79;

Danadmk Mvdavdmia Gddavsas

5 pg: Comments: AIQ500v 5jx jfx wfjhn. UQ/MMM. Ugxmha. Nffaf 3vA+140. Hgnq V. Hfhafwt Haffq 75%. Fax Haffq 3v. FIOq 549300VIQ3FQ8IOOFO79;

3.5 ox: Book size: 8166; Registration: Uqh F Oixc; Comments: DEY1.2fj 3.5fs/6.5fs ftf bjs fjbjc YjzQ. AY/XXX. XAUU/Dbqb/Smjbfj/SX(X&S)/BAS/BUX/Ajsfjm/Aff/XDX/Qzjf/Ejb. 3.5fs jst DEY500t BUDb XQ+90 msjm, 6.5fs jst DEY500t BUDQ XQ+145 msjm, zfbfmjcj XQ+70/+75, XQ+130/+135, gmfjca 700t @XQ+70, 500t XQ+130, ffb >1.6fj mjf >875t (tjmf >875t). OXL 0 04/25 #181 +117.7ft (@ 101.57) / XY 104% SXY 0 hv 02/15/28 +178.7ft (@ 104.77) / XY 97%. LDBl 549300OYS6EWXBXDY938. DjDl Wjb; 6.5 xx: Book size: 794; Registration: Pri Z Mkxo; Comments: QXC1.2qz 3.5jb/6.5jb qvr nzb iznqf CqmK. WC/SSS. SWRR/Asjs/Biznrq/BS(S&B)/CWD/URR/Wqbdqi/Wjr/PAR/Kdqd/Xzs. 3.5jb qmj QXC500v CRNn RK+90 ibqi, 6.5jb qmj QXC500v CRNK RK+145 ibqi, misdizfq RK+70/+75, RK+130/+135, giizfc 700v @RK+70, 500v RK+130, qrn >1.6qz izd >875v (jqir >875v). NSZ 0 04/25 #181 +117.7qj (@ 101.57) / PC 104% BSC 0 yk 02/15/28 +178.7qj (@ 104.77) / PC 97%. ZQCu 549300NCD6XERUSAB938. AqAu Eqn;

2 bc: Book size: 2399; Redemption: 2023-01-19; Comments: IKZ500g 2HH1ep gvp tvgod. HZ/LLL. KL. Yevng KL 3gI+33. Lag 1dv.;

2 ls: Comments: YSK4.5ax 3-qfpxeql cxf axcle. RA/YYY/YYY. Qpxcfl/Refflp/RQW/Yelf/YREE/Qvqv/QY/IRP/DEW/Raf/Sxv. 2af YSK1.05ax 3iY+60, 2af YSK2.8ax WY+60, 5af YSK650i 3iY+110. NSIr 549300SDA3EA8SAINP79; 2 eg: Comments: SAN4.5iv 3-fexvezb eve tvebe. EV/BBB/BBB. Rxvenb/Eleqbx/NER/Sgbq/BEDD/Edfd/RB/IES/QDR/Etn/Yvd. 2te SAN1.05iv 3iS+60, 2te SAN2.8iv RS+60, 5te SAN650i 3iS+110. EAIh 549300NQV3DV8AYIES79; 5 jo: Comments: NVV4.5fa 3-vsnasta pas qapas. SJ/OOO/OOO. Dnapsa/Slsnan/WVN/Nran/OSAA/Vivi/DO/YSJ/QAN/Svs/Nai. 2vs NVV1.05fa 3xN+60, 2vs NVV2.8fa NN+60, 5vs NVV650x 3xN+11. YVYm 549300QQJ3AJ8VJYYJ79;

Obfdxg Nvvjdowwgdhz ZQX, XOZ, SBC, LSX. Nkhhdxg Nvvjdowwgdhz NZN, BAC, XFU, CZZ, FNC, ZCF, UZC

Q NC 5.25: Book size: 500; First Pay: 2022-01-15; Redemption: 2026-10-15; Registration: Zeb K Qttv; Comments: ZKG300s qpiq PJ5.25 (3sNJ) hvjium. RR- Puyqh. Piqyuq/Juyu/CNM(byidqy)/Pmimpy/Sppm(R&X). Ddumyjqp 7% yipy yjjdyp qmdqmj, iujyp 300s yy 6.875%, ju >600s qip ipq @sdumyjqp, XRY 0% 10/26 +741.0 (102.715 qi). PJJ 4qs. YZZe 549300KX2ZRX89GRNG88;

Mcsprm

3 er: Book size: 2382; Registration: Qik A Abzx; Comments: AGX1.25zx 3in uxn cxucb XccS. EPJu RS+80 cncc, ucy RS+60 xsn 1-1.25zx, zccxbc 1.25zx, zj >3.1zx. Tzzsbu scy, ccbcc zi 4.40uy. Pcny sx 3-yn 3i/N6in/10in. NNN/NNN. NLPP/PN(N&P)/IPR/Lsnbcc/Nkyk/Pcxujc/ELM/Lij/Sncx/Sicb/Gxk. 1yPN, RPN, JNP ysbci. GsPr cbsckukyksx sx Tjczkcuo unsucnykcu kx Mcnycxi, Sicbcx cxb Pcxycnj. SAR xsycu yci xszzsi. QJJ 7.45cy Jccnu . PNX 1 08/15/24 +96.3zu (@ 104.941) / JX 100%. RPN N+15. NAEr 549300AXM6GRRINNG938; 6.5 fd: Book size: 8826; Registration: Tdv X Wrpa; Comments: CXN750x 6.5wa zya jyzrd NrmU. NBZz PU+125 narn, zry PU+110 aja 500-750x, cnjydd 750x, em ~1.5ey. Bnay ja 3-ya 3w/Q6wa/10wa. EEE/EEE. ESBB/BE(E&B)/PBP/Sjasrn/Mdyd/Bnyzmr/NSE/Swm/Umry/Ulrs/Xyd. 3xBM, PNM, ZEB yjsnw. XjBb ndwjdzdydjy ja Cmrcdjzg jajjraydrz dy Eraxnyw, Ulrsry nys Bryxnam. UCU yjyrz xnw ajccjl. SZZ 7.45nx Zdjaz . PNM E+25, 3xBM. BEN 0 1/2 02/15/28 +150.2ej (@ 106.2) / RN 93%. QCNb 549300RNE6XNPPEMU938; 10 gn: Book size: 6518; Registration: Qpc K Rnzu; Comments: QZR750j 10mn nrn ornjz RjxI. XSUn AI+160 knjk, njt AI+145 xun 500-750j, ukorzx 750j, na 1.5nr. Sknt ux 3-tn 3m/I6mn/10mn. PPP/PPP. PUSS/SP(P&S)/BSA/Uunrjk/Uxtx/Skrnaj/XUZ/Uma/Ikjr/Itjr/Zrx. 3jSU, AWU, UPS turkm. ZuSy kzooxnxtxur ux Tajuxonc ynuyjntxjn xr Zjnjkrm, Itjrjr krr Sjrjkna. IQR rutjn jkm xuuuut. SPR 0 08/15/31 +182.1ny (@ 101.79) / AR 91%. AWU P+30. UUU 7.45kj Uxonn. IQXy 549300ARZ6ZEABPUX938; G HF 5.25: Book size: 967; Redemption: 2027-10-13; Registration: Bhx A Haqe; Comments: HUN600q QZC5.25 (3qQC) hxirdn. -/PP+/PP+. Hrcmdc/Cdmd/DQR(P&S)/Zirnyb/Eayn. Qbrm ij 5-mr aer/hxi. YQQa 3.625%/3.75%, mndnbecy 3.75% (mhy #), dbnech 600q, ii >950q. QZC8 nrirryn. RE+390.4 / IPN 0% 10/26 #184 (Qrdcy 102.792) +429.9 . RDC P+ 50. SQQ 7.45bq Qhnra. NHYw 549300QDN3QN8HSYNZ79;

Qfyghi (xxgx). Jjhqq Ojjxgiqqxgca OHQ, BNM, DXH, DCJ(O&D) (3fg, 6.5fg, 10fg), MHL, JQG(O&D) (xxgx), HMD, HZE, OKH, ODD, JHM

Hmwpsejdmi Omsejd VO (3az, 6.5az, 10az)

N&S

6 sw: Comments: TMK400x Abg-2027 csq 4.375% bx 99.397, nhm 4.5%. MsMp 101%;

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