Publication of a Prospectus

RNS Number : 6104A

Coventry Building Society

12 September 2018

 

NOTICE

Publication of Prospectus and Amendment 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)

€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 6 Covered Bonds, the Series 7 Covered Bonds and the Series 8 Covered Bonds that the Issuer on 11 September 2018 (the Effective Date):

1.         The following Prospectus has been approved by the UK Listing Authority and is available for viewing:

Coventry Building Society €7 billion Global Covered Bond Programme, unconditionally and irrevocably guaranteed as to payments by Coventry Building Society Covered Bonds LLP, dated 11 September 2018.

To view the full Prospectus, please paste the relevant URL into the address bar of your browser.

http://www.rns-pdf.londonstockexchange.com/rns/6104A_1-2018-9-12.pdf

The Prospectus has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.Hemscott.com.

2.         As of the Effective Date, the following Transaction Documents have been amended and restated to effect the following changes:

(i)         the Second Amended and Restated Bank Account Agreement, the Amended and Restated Stand-by Bank Account Agreement and the Fourth Amended and Restated Cash Management Agreement, to (i) enable Coventry Building Society to resume the role of Account Bank and GIC Provider and (ii) amend the Fitch rating downgrade trigger on account banks to be set at a short term rating by Fitch of F1 and a long-term rating by Fitch of A, and the remedy period for action to be taken following a downgrade of an account bank to be 30 calendar days.  The Seventh Amended and Restated Master Definitions and Construction Agreement has been amended and restated to capture consequential amendments to the definitions; and

(ii)        the Third Supplemental Deed to the Servicing Agreement, has been amended to update the data protection provisions to comply with the introduction of new rules through Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016.

These changes were effective on the Effective Date, and the agreements can be found at the following link from 11 September 2018:

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 11 September 2018.

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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