Notice to Noteholders

Folio Residential Finance No.1 PLC

23 October 2026

 

Partial Redemption of Notes

RNS Number : 2245A

Folio Residential Finance No. 1 plc

23 October 2026

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM AUSTRALIA, NEW ZEALAND, SOUTH AFRICA, JAPAN, CANADA OR SWITZERLAND OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

Folio Residential Finance No. 1 plc (the Issuer)

£250,000,000 1.246% Private Rental Sector Secured Notes due 2037 (the Notes)

ISIN: XS2226762156

Notice of Partial Redemption of Notes upon repayment or prepayment of the Issuer/Borrower Loan

This notice is in respect of the Notes which are constituted by the note trust deed dated 5 October 2020 (the Note Trust Deed) between the Issuer and HSBC Corporate Trustee Company (UK) Limited as Note Trustee.  All words and expressions defined in the Note Trust Deed shall have the same meaning herein.

NOTICE IS HEREBY GIVEN pursuant to Condition 15 (Notice to Noteholders) of the Notes that, following Folio Treasury Limited's (Company number 12367949) disposal of Folio Bakersfield Limited (Company number 12747268) to Notting Hill Genesis (Registered as a community benefit society with number 7746) on 30 September 2026, the Issuer intends, pursuant to Condition 6.2(A)(2)(a) (Redemption upon repayment or prepayment of the Issuer/Borrower Loan) of the Notes, to redeem £16,800,000 in aggregate principal amount of the Notes (the Prepayment Notes) on 2 November 2026.

The redemption will be on a pro-rata basis and will result in the principal balance, to which each Noteholder is entitled on final redemption and on which the last coupon payment will accrue, being reduced by 6.72%. The redemption price payable in respect of the Prepayment Notes will be calculated in accordance with Condition 6.2 (Redemption upon repayment or prepayment of the Issuer/Borrower Loan) of the Notes, being the higher of par and the amount (calculated by a Nominated Financial Adviser) which is equal to the principal amount of the Prepayment Notes multiplied by the price at which at which the Gross Redemption Yield on the Prepayment Notes (if the Prepayment Notes were to remain outstanding until their Expected Maturity Date) on the Determination Date (being 30 October 2026) would be equal to the sum of (i) the Gross Redemption Yield at 3:00pm (London time) on the Determination Date of the Benchmark Gilt and (ii) 0.20%.

The 4.25% Treasury Stock due 7 December 2027 will be used as the Benchmark Gilt.  The Issuer intends to appoint Capital Finance Strategies Limited of 146-150 Royal College Street, London NW1 0TA as the Nominated Financial Adviser (pursuant to Condition 6.2(A)(2)(a) (Redemption upon repayment or prepayment of the Issuer/Borrower Loan)).

A payment of interest is also due on the full amount of the Notes on 2 November 2026.

Following the early redemption of the Prepayment Notes, £233,200,000 in aggregate principal amount of the Notes will remain outstanding.

This announcement is given by Folio Residential Finance No. 1 plc.

Further details relating to the above can be obtained from:

Notting Hill Genesis

Email:  [e-mail]

Attention: Dipesh Panchal, Head of Treasury

Disclaimers

Neither this announcement, the publication in which it is contained nor any copy of it may be taken, transmitted or distributed, directly or indirectly, into Australia, New Zealand, South Africa, Japan, Canada or Switzerland or any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.  Any failure to comply with this restriction may constitute a violation of securities law in those jurisdictions.  The distribution of this document in other jurisdictions may also be restricted by law and persons into whose possession this document comes should inform themselves about, and observe, any such restrictions.

This announcement does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for any shares or any other securities nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, any contract therefore. The availability of the transactions described herein and the distribution of this announcement in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about, and observe, any such restrictions.  Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

 

END