Publication of Final Terms
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RNS Announcement
Paragon Banking Group PLC
15 July 2026
Publication of Final Terms
Paragon Bank PLC ("Paragon Bank"), the banking subsidiary of Paragon Banking Group PLC ("Paragon") announces that the following Final Terms dated 13 July 2026 under the £5 billion Covered Bond Programme of Paragon Bank PLC are available for viewing.
£500,000,000 Series 2026-1 Floating Rate Covered Bonds due September 2029
Paragon Bank has today issued £500,000,000 from its £5 billion Covered Bond Programme. The Bonds were 1.7x subscribed with a variety of bank treasury and asset fund investors and priced at SONIA plus 0.50% for a maturity date to September 2029.
Commenting on the new issuance, Nigel Terrington, CEO said: "Establishing a £5 billion Covered Bond Programme in February 2025 has given Paragon access to the capital markets with great flexibility and we have executed a £500,000,000 transaction from the programme, secured against prime buy-to-let mortgages. Pricing at a 0.50% margin over SONIA, compared to 0.60% from the inaugural March 2025 issuance, demonstrates the continued strength of Paragon's corporate credit profile, which is backed by its high-quality buy-to-let mortgages, where the Group has demonstrated a 30-year unblemished track record."
The Final Terms can be viewed at: http://www.rns-pdf.londonstockexchange.com/rns/4831M_1-2026-7-15.pdf
The Final Terms have been submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
DISCLAIMER - INTENDED ADDRESSEES
Please note that the information contained in the Final Terms may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Final Terms) 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 Final Terms is not addressed. Prior to relying on the information contained in the Final Terms, you must ascertain from the Final Terms whether or not you are one of the intended addressees of the information contained therein.
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