Publication of Final Terms

RNS Number : 8151G

Coventry Building Society

17 November 2022

 

COVENTRY BUILDING SOCIETY

€7,000,000,000 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 2Covered 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: [phone]

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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