On the Closing Date (and from time to time thereafter), Belgian Lion, acting through its compartment Belgian Lion Master SME (the Issuer), purchases Belgian SME loans from ING Belgium NV/SA. The Issuer finances the initial purchase through the issuance of Class A and B Notes as well as Reserve Fund Notes which finance the Reserve Account. Further information can be found in the Prospectus.
| Class A | Class B | Reserve Funds Notes | ||||
| Principal amount | 6.994.000.000,00 EUR | 2.689.500.000,00 EUR | 96.750.000,00 EUR | |||
| Issue Price | 100% | 100% | 100% | |||
| Credit Enhancement (provided by other Classes of Notes subordinated to the relevant Class) | Subordination of Class B and Reserve Fund Notes | Subordination of Reserve Fund Notes | Nil | |||
| Interest Rate | 3M EURIBOR + 50bp | 3M EURIBOR + 225bp | 3M Euribor + 300bp | |||
| Interest Rate after the Setup-up Date | 3M EURIBOR + 100bp | 3M EURIBOR + 450bp | 3M Euribor + 300bp | |||
| Interest Accrual | Actual/360 | |||||
| Quarterly Payment Dates | 25th day of February, May, August, November of each year up to and including the Final Maturity Date (or, if such day is not a Business Day (as defined in the Conditions), the next succeeding Business Day), with the first Note Payment Date falling on 25 August 2026. | |||||
| Principal payments | On the Quarterly Payment Date falling in November 2030 (the Revolving Period End Date) and on any Quarterly Payment Date thereafter, full sequential amortisation of the Notes based on the Principal Available Amount. | |||||
| Prepayments | Notes may be subject to voluntary and mandatory prepayment on any Quarterly Payment Date as described herein, with prepayments applied to the Notes in sequential order starting with the most senior Class of Notes then outstanding. | |||||
| Listing | Application has been made by the Issuer (or on its behalf) for the Class A Notes to be admitted to trading on the regulated market of Euronext Brussels with effect from 11 March 2026. | |||||
| Rating | Fitch Moody's AAAsf Aaa(sf) | Not Rated | Not Rated | |||
| Closing Date | 10 March 2026 | 10 March 2026 | 10 March 2026 | |||
| Step-up Date | 25 November 2030 | 25 November 2030 | Not Applicable | |||
| Final Maturity Date | 25 February 2061 | 25 February 2061 | 25 November 2030 |
"}},{"componentType":"sectionTitle","title":"Final Terms"},{"componentType":"paragraph","richBody":{"value":""}},{"componentType":"sectionTitle","title":"Investor & Cashflow Reports"},{"componentType":"accordion","accordionList":[{"title":"2026","richBody":{"value":"
Investor reports
Cashflow reports
"}}]}]},"legalZone":{"flexComponents":[{"componentType":"sectionTitle","title":"Legal Notes"},{"componentType":"paragraph","richBody":{"value":"Legal Notes
Notes of Belgian Lion N.V. - S.A., institutionele vennootschap voor belegging in schuldvorderingen naar Belgisch recht / société d’investissement en créances institutionnelle de droit belge (Belgian Lion), acting through its Compartment Belgian Lion Master SME, can only be acquired, held by and transferred to institutional investors or professional investors as described in article 5§3 of the Law of 20 July 2004 on certain types of collective management of investment portfolios, as amended or replaced (Institutional Investors) acting for their own account. Belgian Lion will suspend the payment of dividends or interests in relation to its securities of which it becomes aware that these are held by a person who is not an Institutional Investor acting for its own account.
Holders of securities of Belgian Lion willing to receive (free of charge) all published information by e-mail, should contact our Transaction Management Team at the following address: CPG-Transaction.Management@ing.be
"}}]}}}