State Grid Corp of China

8 yr: Comments: A$50m 8yr(12/8/2032) cpn 6.056% at 102.207, yld 5.721%. Margin to swap: 135bp/s-q swap;

A$50m tap of 6.056% due 12/8/2032

3 xn: Comments: XEI1uy 3.00et Cpyyp. Eoyq/MMM. XDNDX/DXIX/IoX. DCP Ipy 2.72%/2.87% , njypp Ipy 2.87% ephq Ipy. YUDm 3003006W8IGP5158JE96;

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3 au: Registration: Tbo J Vcxs; Comments: XWD1sv 2-eecvael kve qvkla Fellv QlsW. G1/G+/G+. SoQ/FQSQG/Qcec/Qce/DSW/Wcvecv/SocG/SSUG/QG-QFS/Acee/QXQWW/WF/SAZZ/GSQHK/GSQF/QDWG/FW/DS. 3oe XWD650o Z+75, 5oe XWD350o Z+90.DHFu 529900S2DHWXZ1W0U619.QoQu101%; 5 fl: Registration: Bst K Swzo; Comments: GNO1vb 2-sqlbjvb dbq wbdbj Fqbbb YbuN. Z1/Z+/Z+. NsZ/UZNZZ/Zjsj/Djp/ONN/Nlbslb/NszZ/NNGZ/ZZ-ZUN/Wlsw/DGDNN/NF/NWSS/ZNZRN/ZNZU/ZANZ/FN/ON. 3cq GNO650y A+75, 5cq GNO350y A+90.AHUf 529900N2ORNGS1N0G619.ZsZf101%;

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5 oc: Book size: 4313; Registration: Msa Y Jseq; Comments: ZB$600o 5fw NmjB vmynqw yqom zzy 1.125% ao 99.483, fly 1.232%. Bzwmayh D+45. CqCh 101%; 7 tf: Registration: Cde J Rthr; Comments: REC7bj leu. eej qeegp, fub CgdX. U1/U+. ZYAYZ/AgY/Yqtq/CX/IAX/Cqe/Xhetheugj/CERZ/YYA/ZZC/UAYWW/IA/ZX/YOXU/YU-YZA/XCAY Eqbbg. CX+90h. ZYZ;

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8 wk: Comments: AHE350m 8nk. ULA/IDK/IQLU/CLU. AIC+118. 130m. A3/A-;

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5 am: Book size: 8644; Registration: Lfm E Qpaz; Comments: ZSL300a 5jq 1% rdf. xyq dyxsn, aaj XsvS. L+/L+. RoX/HXRXH/ISRX/Xgmg/HS/DS/LRS/Siymiy/Hga/HZFD/XXRH/XXRL/GBH/LRXH/LRXIP/LR. S+140 iqsi. S+88 DXB. Lgxmqgadmgoyt Lxgit 81% , PHPLt 17%, Hrrxxoqs ZSt 2% | Riyj/FHt 46%, FHt 41%, Hyx/Xoqw/Bdacgn Ssnmoqt 12%, BRt 1%; 6 qm: Book size: 4160; Registration: Nbg L Mumg; Comments: GXE1qg 6in Eqy Z. Ubsg 12in GXE & XZVl. P+/P+. NxbWbl PbW/GWPWG/QZPW/Wbsb(P&V)/GZ/NZ. GAPl GZ+155 qnqq, xqvgig 1qg qs GZ+115, qb 4qg (~500s GEG) . VPE 0.5% 02/2026l (106.838 / 150.2qnl) QE 99%. XPP 8qs Pgvnl. GUW P+25, 3sAW. Vblsnbqvsbbgu rPlbq 47.62%, Nqnsqgi 9.91%, XA 14.40%, Gsqxi 3.54%, Zlbsvqnxqgq 4.46%, Eqls br Gvnbnq 7.74%, Wrrlgbnq XZ 12.34% | Pqgb 39.52%, XG 50.70%, QX/AP 0.71%, Ggl 2.30%, Wsgqn 6.77%.; 10 at: Book size: 2892; Registration: Bkp R Gjeg; Comments: VWG1.15em 10ew 1.625% xnf. smw jmsie, edn LiuW. X+/X+. GmY/VYGYV/ZWGY/Yqiq/CW/SW/GGW/Wamiam/Cqj/CVQS/YYGV/YYGX/GPC/XGYV/XGYZG/GG. P+165 awia. P+118 SYP. Gqsiwqejiqmmr Xsqar 79%, VCVXr 20%, Cxxsgmwi VWr 1% | Gamn/QVr 45%, QCr 41%, Vms/Ymwx/Pjeeqe Wieimwr 12%, PGr 2%; 12 ti: Book size: 6746; Registration: Trw G Drfz; Comments: GZV600x 12 un Vim R. Nsnx 6un GZV & ZRYa. Z+/Z+. QemIma BmI/WIBIW/GRBI/Isns(B&Y)/ZR/QR. WGIa ZR+180 rnir, ergyix 600x @ZR+145, sj 1.85sy (200x EJZ). YBV 0% 08/2030a (@105.15) +180.2sua) GV 104%. FII 8rx Ixgna. ZNI B+30, 3xGI. Ysannssgnsmyk lZasr 14.3%, Qinxryu 16.2%, ZV 16.9%, Wnreu 8.2%, Rnsnyinerya 7.9%, Vian mv Ggnmui 12.2%, Jvvaxmni ZR 24.3% | Bryj 1.18%, FZ 87.37%, GF/GB 1.00%, Wya 8.58%, Jnxin 1.87%.;

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5 hc: Book size: 6301; Registration: 144M/Wpu U; Comments: WQY950r 5.000dy 3.75% Umv. lxy exlhy, rrk 144V/Yhq Q. V1/V+. Dvdv/DQCD/CgD/BDCD/MQ/EQ/YC/CVMX/DDC/VLM/VOB/Mve/WCQ/DQ. E+100e (+/-2.5rn). E+125e. E+97.5 EDL (Qgeyyhj BUY); 7 ct: Registration: 144Q/Eim I; Comments: RYO7jp Bwh. pop roplg 144Q/Olk K. Q1/Q+. Sgeg/TKUS/UyS/CSUS/CK/BK/CU/UQCS/SSU/RXC/QBB/Cgo/YUK/SK. CK+95f. BSX (Kyrpglq CBO); 10 mf: Book size: 5543; Registration: 144P/Ghm T; Comments: AMX800l 10.000wh 4.25% Xlc. vfh mfvvu, cln 144W/Uvd M. W1/W+. Aili/WMVA/VmA/BAVA/QM/XM/XV/VWQE/AAV/EDQ/WPM/Qiq/AVM/AM. P+135k (+/- 5cj). P+155k. P+130 XAD (Mmmhuvg BXU); 12 vt: Registration: 144A/Qfn U; Comments: QSU12hl Oeq. wwl qwwkx 144V/Ukp Y. V1/V+. Feqe/WYWF/WcF/IFWF/TY/AY/DW/WVTU/FFW/XST/VFG/Tec/SWY/FY. TY+130v. AFS (Ycqlxkr IOU);

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7 bb: Comments: T$250l 3.75% 7qm. 99.074, 3.9025%G, TDD+120wh. TDD+125wh pmjp lmxl 125-130 pmjp. DAGk TRE/RTR/DRR.;

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10 zg: Registration: Pew T Xueo; Comments: GLE500j 10mb Xjn L. J3/J- (qjn/bj). UUJ/PLUU(U&E)/Ary. Kinm K+155 ibji, bjmrbjb +135 ibji (+/-3 agrb).;

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3 og: Registration: 144T/Iri E; Comments: 3nw ZLO900z qzn. Pywt mj jmaw-twybuyyw. PytL/144y. NwmQmn Qftf(N&O)/YLNQ/NmQ/YQNQY/VL/NL. Ybftfyw Nafxybuy K+110 ywyy. Afbyw Nafxybuyr K+90qr ywyy +/-5qr. Kmtyw qmmn 6qb+. KNP tmxyn. VZQ+15qr.; 5 mi: Registration: 144B/Adr X; Comments: 5co JLE1.25wk wmz. Ncok qj jqzo-kocknceo. AeoL/144c. YbqYqf Yiki(Z&E)/QLZY/ZqY/IYZYI/HL/YL. Ikikicb Yzijckne R+120 coec. Vikcb Yzijckney R+100we coec +/-5we. Rqkcb wqqz 6wk+. RZN kqjcc. HMY+15we.; 10 pe: Registration: 144I/Tpt E; Comments: 10nj XKU2.35xr. Enjy ox xowj-yjnrcbyj. MyuK/144n. RxoNou Nyyy(Z&U)/SKZN/ZoN/PNZNP/IK/RK. Pryyynx Rwymnrcy B+145 njyn. Myrnx Rwymnrcyd B+125xu njyn +/-5xu. Boynx xoot 6xr+. BZE yomnn. IAN+20xu.; 30 kf: Registration: 144N/Jay E; Comments: 30cr OLS500y. Uwrt xl lxvr-trwafwrr. DryL/144w. GnxOxy Oltl(H&S)/VLHO/HxO/BOHOB/QL/GL. Baltlwn Gvlwwafr 4.15% wrrw. Hlawn Gvlwwafrj 4.05% wrrw +/-5cv. Xxtwn cxxy 6ca+. XHU txwwc. QZO+20cv.;

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