TIDMCVBP
RNS Number : 8151G
Coventry Building Society
17 November 2022
COVENTRY BUILDING SOCIETY
EUR7,000,000,000 Global Covered Bond Programme
unconditionally and irrevocably guaranteed as to payments of
interest and principal by
Coventry Building Society Covered Bonds LLP
(a limited liability partnership incorporated in England and
Wales)
(the Programme)
NOTICE to the holders of those of the:
GBP 500,000,000 Series 2 Floating Rate Covered Bonds due
November 2022 (ISIN: XS0400750542)
(the Series 2 Covered Bonds)
of the Issuer presently outstanding
Save as otherwise defined in this Notice, words and expressions
used in this Notice have the meanings given to them in the Series 2
Final Terms and the Conditions (as defined in the Trust Deed).
On 17 November 2022, the holders of the Series 2 Covered Bonds
(as applicable) unanimously agreed in an Extraordinary Resolution
passed by way of written resolution that:
The response to Part A - Contractual Terms of the Final Terms,
item 9(i) (Final Maturity Date) is amended from:
"24 November 2022"
to:
"24 November 2024".
The response to Part A - Contractual Terms of the Final Terms,
item 9(ii) (Extended Due for Payment Date of Guaranteed Amounts
corresponding to the Final Redemption Amount under the Covered Bond
Guarantee) is amended from:
"24 November 2023"
to:
"24 November 2025".
The response to Part A - Contractual Terms of the Final Terms,
item 10 (Interest Basis) is amended from:
"Compounded Daily SONIA + 0.53 per cent. per annum Floating
Rate"
to:
"Compounded Daily SONIA + 0.80 per cent. per annum Floating
Rate, with effect from and including 24 November 2022 (with the
first Interest Amount based on such new Rate of Interest being paid
on the Interest Payment Date occurring on 24 December 2022 )"
The response to Part A - Contractual Terms of the Final Terms,
item 18(viii) (Floating Rate Covered Bond Provisions) is amended
from:
"+ 0.53 per cent. per annum"
to:
"+ 0.80 per cent. per annum"
The terms of the Series 2 Term Advance Notice under the
Intercompany Loan Agreement have been amended to match the terms of
the Series 2 Covered Bonds. The following wording from the Series 2
Term Advance Notice is amended from:
"The interest rate applicable to the Term Advance is: Compounded
Daily SONIA plus 0.53 per cent"
to:
"The interest rate applicable to the Term Advance is: Compounded
Daily SONIA plus 0.80 per cent., such interest rate to be
applicable from the Interest Payment Date in November 2022 with the
first Interest Amount based on such new Rate of Interest being paid
on the Interest Payment Date occurring on 24 December 2022."
For further information, please contact
Gurdeep Boparai
Society Secretary and ESG Counsel
Coventry Building Society
Telephone: +44 (0)2476 182550
DISCLAIMER - INTENDED ADDRESSEES
This announcement is a communication to the market. Nothing in
this announcement constitutes an offer of securities for sale in
the United States or any other jurisdiction. This announcement does
not constitute a prospectus or a prospectus equivalent
document.
This announcement has been delivered to you on the basis that
you are a person into whose possession this announcement may be
lawfully delivered in accordance with the laws of the jurisdiction
in which you are located and you may not, nor are you authorised
to, deliver this announcement to any other person. The distribution
of this announcement in jurisdictions other than the United Kingdom
may be restricted by law and therefore persons into whose
possession this announcement comes should inform themselves about,
and observe, such restrictions. Any failure to comply with the
restrictions may constitute a violation of the securities laws of
any such jurisdiction.
Likewise, the information contained in the offering circular
relating to the Programme (the Offering Circular) may be addressed
to and/or targeted at persons who are residents of particular
countries specified in the Offering Circular only and is not
intended for use and should not be relied upon by any person
outside these countries and/or to whom the offer contained in the
Offering Circular is not addressed. Prior to relying on the
information contained in the Circular you must ascertain from the
Prospectus whether or not you are part of the intended addressees
of the information contained therein.
Your right to access this service is conditional upon complying
with the above requirement.
Legal Entity Identifier
Coventry Building Society - 2138004G59FXEAZ6IO10
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