Mediobanca has successfully completed the issue of a 6y €500m Covered Bond

DEMAND APPROXIMATELY 3X THE AMOUNT PLACED, WITH 90% OF ORDERS FROM ABROAD

Mediobanca has successfully completed the placement of a new covered bond with a six-year long duration (expiring in August 2032) for a total amount of €500m.

The bond has attracted high-quality demand, enabling the yield to be set at 38 bps above mid-swap. Orders of approx. €1.4bn were received during the placement, allowing the issue to be completed on competitive terms.

The new issue, which will pay a coupon of 3.125%, is Mediobanca's fifth covered bond since the start of 2025, guaranteeing ongoing access to the market at low spreads.

The book was characterised by a high-quality composition, with 35% distributed to central banks and supranational institutions and over 50% to funds and insurance companies. Distribution saw strong international participation, with approximately 90% of orders placed by investors from abroad and significant involvement from major European investors.

Milan, 17 June 2026