Paragon Treasury PLC Sale of GBP25m retained bonds (4500R)

TIDM60VT

RNS Number : 4500R

Paragon Treasury PLC

29 October 2019

*** Paragon Treasury PLC - Retained Sale GBP25m ***

Paragon Treasury PLC (Paragon), a UK Housing Association has mandated NatWest Markets for a sale of up to GBP25m (in principal amount) of its 3.625% RegS Bearer senior secured transaction due 2047, subject to market conditions. Paragon is rated A3 by Moody's.

*** Paragon Treasury PLC - RETAINED SALE - PROCESS GUIDELINES ***

- Please provide a Bid for the entire GBP25m or part of it

- Bid deadline -- 12:00 UKT today (Today's date)

- Settlement -- T+5

- Investors are not required to bid for all of the GBP25m bonds (min bid GBP2m)

- If the final bid comes from more than one account, the bonds will be cleared at the widest level of the individual bids

- Bids at the tightest spread will be prioritised and any successful bids at the same spread level will be allocated on a pro-rata basis

- The Issuer is happy for it to be disclosed that the bonds being sold are Retained Bonds held by the Issuer

*** Paragon Treasury PLC PRE-ANNOUNCEMENT LVL ***

PARTSY 3.625% 01/21/2047 G+148bps

MiFID II professionals/ECPs-only - Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels).

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