Notice of Amendments of Transaction Documents

RNS Number : 0710U

Coventry Building Society

12 January 2017

 

NOTICE TO THE COVERED BONDHOLDERS

Amendments to Transaction Documents

COVENTRY BUILDING SOCIETY (the Issuer)

£1,500,000,000 Series 1 Floating Rate Covered Bonds due 2022

Common Code: 037881724 & ISIN: XS0378817240

(the Series 1 Covered Bonds)

£500,000,000 Series 2 Covered Bonds due 2022

Common Code: 040075054 & ISIN: XS0400750542

(the Series 2 Covered Bonds)

£750,000,000 4.625 per cent. Series 3 Covered Bonds due 2018

Common Code: 061883363 & ISIN: XS0618833635

(the Series 3 Covered Bonds)

€500,000,000 Series 6 0.625 per cent. due 2021

Common Code: 113110953 & ISIN: XS1131109537

(the Series 6 Covered Bonds)

£500,000,000 Series 7 Tranche 1 Floating Rate Covered Bonds due 2020 issued on 17 March 2015 and £150,000,000 Series 7 Tranche 2 Floating Rate Covered Bonds due 2020 issued on 2 December 2016 consolidated and form a single Series of Covered Bonds

Common Code: 120308343& ISIN: XS1203083438

(the Series 7 Covered Bonds)

€500,000,000 0.50 per cent. Series 8 Covered Bonds due 2024

Common Code: 152988036 ISIN: XS1529880368

(the Series 8 Covered Bonds)

issued by the Issuer under the €7 billion Global Covered Bond Programme, unconditionally and irrevocably guaranteed as to payments of interest and principal by Coventry Building Society Covered Bonds LLP

(the Programme)

Notice is given by the Issuer to the holders of the Series 1 Covered Bonds, the Series 2 Covered Bonds, the Series 3 Covered Bonds, the Series 6 Covered Bonds, the Series 7 Covered Bonds and the Series 8 Covered Bonds that the Issuer on 12 January 2017 (the Effective Date) made certain amendments to the following documents:

(i)         entered into (i) an amended and restated confirmation and (ii) a new confirmation, under the Interest Rate Swap Agreement, in order to limit the exposure of the LLP to a GBP fixed rate liability which will be incurred in connection a proposed issue of Covered Bonds; and

(ii)        entered into the Sixth Amended and Restated Master Definitions and Construction Schedule, to make clear that more than one confirmation may be included under the Interest Rate Swap Agreement.

These changes were effective on the Effective Date, and the agreements can be found at the following link from 13 January 2017:

www.coventrybuildingsociety.co.uk/your-society/about-us/financial/covered-bonds.aspx

Capitalised terms used but not defined in this Announcement shall have the meanings given to them in the Prospectus dated 29 June 2016 and as supplemented on 22 November 2016.

For further information, please contact

Thomas Crane

General Counsel and Secretary

Coventry Building Society

Telephone: [phone]

DISCLAIMER - INTENDED ADDRESSEES

Please note that the information contained in the Prospectus may be addressed to and/or targeted at persons who are residents of particular countries (specified in the relevant Prospectus) 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 relevant Prospectus is not addressed.  Prior to relying on the information contained in the relevant Prospectus you must ascertain from the relevant 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. 

 

END

 

 

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