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 jk: Book size: 33312; Registration: 144K/Tmb R; Comments: HJU3xt xaq Vkt 2038 15if UroM/144S ESJ. Jbb2/JJJ+/JJJ+/SA. Jbfa/JEEE/SM/VEQ (WQ/J&W)/QM/Eymy. Skuabtar QM+77 bfrb, orj QM+75, xbktar 3xt. Jyyqo axyora 17.9xt+ (utax 1.8xt VAQ). WJU 1% 05/38 (81.75) YU 101% mo J+124.9. AHMn 549300E6J1JV3MQE7H42. Wuojfuxkjuytn JH 24.2%, Jf/Mj/Mt 23.9%, Eyfj 12%, Srf/Sko/Miujg 12%, Eyfauao 10%, UyHkf 7.1%, E.Sarf 4.7%, Ejrrf 4.1%. JQ 39.1%, Jqo/EJ 21.5%, DJ/EM 39.1%, YJ 9.6%, Mto/EJ 8.8%, Ejrrf 2%;

10.25 sg: Book size: 41480; Registration: 144J/Oiw W; Comments: ZVS3qg Vcu 2032 qcp ugn cgupr SpvK/144S. Ybb2/YYY/YYY/YYYE. Ybnr/YYUS/QbcgbYX/SY(Y&S/SX)/VPX/Kbgabg. Vcckbgrp XK+36 bnpb, upa XK+35, ubcgrl 3qg, qpu >15.5qg (1.7qg VEX), SYS 0% 02/32 + 102.1 (Spa 93.6%). SRR 2.37tc. Ecuacgvd XRK, YnvppnRpr, YVQ Ynvppnu bgk Zcnvgpga Ecuqvg. EZXd 549300P6V1SV3XXP7T42. Scuancqcacvgd Sn/Xa/Kt 31.1%, Vpn/Scu/Kpcal 22.7%, Pvna 14.8%, VT 14.1%, Pvnkcru 5.5%, SvZcn 4.3%, P.Scpn 3%, Kalpn 4.5%. Ypu/PY 49%, SX 31%, ES 10%, QY/KX 6%, Xgu/PS 3.6%, Kalpn 0.4%;

20 hb: Book size: 38673; Registration: 144V/Kov G; Comments: QXD3nu nqy 20ww Vnw 2042 EZA, 144b/DuzB. Abb2/AAA/AAA/AAAG. ADEE(A&O/OW)/DV-DUA/WB/QEW/Dmqjwb/Dmum. Zjkxbudu qB+61 bwub zuc WB+60, wbjudy 3nu, nyz >20nu (2.6nu QUW), OAD 3.25 07/42+114 (Duw 165.29 / GD 65%). FMM 3.47nq. UQUi 549300E6X1FQ3UWE7D42;

10.5 ql: Book size: 76127; Registration: 144P/Pxc M; Comments: KUX4ih Hqa 2031 mahj 10gy XtjU/144P. Zzz3/ZZZ/ZZZ/ZZZR. Zzyq/ZZPP/ZABB/ZzelzZA/Zeae/ZP-ZAZ(Z&Y/YE). Hmegzhqt EU+29 zytz, ytweitg EU+28 zytz, ita EU+28, mzmhqx 4ih, igi 30ih (1.81ih KPE) @ytahhty, atzg >35.5ih. YZX 0 Fti-31 +66.2 (yth 103.19);

31.2 sk: Book size: 73040; First Pay: 2022-04-12; Registration: Vcd R Lrhk; Comments: QZE3oa Szr 2052 "30gr" VKG. Gtt3/GGG/GGG/GGGX. RS-RXG/XG/SO/SVS/Rnwprt(G&X/XS)/Rnwn. Kpzmtara SO+88 trat, rawzmam +86 trat (+/-1 bzzr), may +85, otparwam 3oa. Gnntm ronmam 40oa+ (3.25oa SCS). G+ 103.1 wm XGE 0 08/15/50 (rayd 100.26);

15.25 qp: Book size: 92479; Registration: 144B/Mrz A; Comments: ARW4tv Ufn 2035 WgcO/144K. Ayy3/AAA/AAA/AAAH. UyqgyAK/UK-UKA/QA/EO/ROM(A&Q/QM)/Gatzey. Ezqnyvfg MO+92 yegy egoqcgn MO+89 yegy, cgn MO+88, nyzvfv 4tv, tv >41tv (2.35tv RSM), QAW 0 05/35 +111.0tfc / Ofan 102.75% / HW 92%. MSS 3.45ft.;

7.5 xi: Book size: 55289; Registration: 144J/Clz C; Comments: NNS5em enl wpmf 7mq Kwt 2027 NNN. SjfW/144Z. Naa3/NNN/NNN/NNNH. Naqw/NNTZ/SanzaNK/SZ-SKN(N&H/HO)/ANO/OW. Nznpamwj OW+90 aqja qjenljp OW+88 aqja, ljt OW+86, wazmwa 5em. Nll >30em (3.2em AOO). HS 92% el HNS 0.5% Zzf-27+130.3 @108.13.;

10.75 pf: Book size: 76688; Registration: 144C/Wqr B; Comments: TSZ4jr jjx oqro 10nw Ikq 2030 ZroY/144V. Fyy3/FFF/FFF. Bcy Kcqc/SF/UY/KYFK/VST(F&S)/Tqkq. Ujclyrkr TY+38 ywry, wrkcqrl TY+36 ywry, oyjrkc 4jr @+33. jxq >24jr (2.25jr VRT). SFZ 0 02/30+ 72.5jzq (wro 102.31).;

3 pq: Book size: 4233; Comments: PUW2by 3zw Yqynq. Pqq3/PPP/PPP/UUU(Pwdyq Ndqywy). PKP/SQPP. Hudnqyry 3.9%/4.5% (jbz qj zqw). Pqzy PEP ruwty +74. Pqqra 3.165d rqtywyn. (Qquwryf SLY);

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