Notice of Partial Cancellation of Covered Bonds

TSB Bank PLC

18 September 2023

 

TSB BANK PLC

(incorporated with limited liability in Scotland with registered number SC095237)

(the Issuer)

NOTICE OF PARTIAL CANCELLATION OF COVERED BONDS

to the holders of those of the

£750,000,000 Series 2019-1 Floating Rate Covered Bonds due February 2024

(ISIN: XS1951430138)

issued by the Issuer presently outstanding

under the Issuer's £10 billion Global Covered Bond Programme

irrevocably and unconditionally guaranteed as to payment of principal and interest by
TSB Covered Bonds LLP

NOTICE IS HEREBY GIVEN to the holders of the above Covered Bonds that in accordance with Conditions 6.9 (Purchases) and 6.10 (Cancellation), the Issuer has on 15 September 2023 cancelled £249,999,000 of the Series 2019-1 Covered Bonds it owns (the Cancelled Series 2019-1 Covered Bonds) and has surrendered to the Principal Paying Agent the Cancelled Series 2019-1 Covered Bonds for cancellation.

£500,001,000 of the Series 2019-1 Covered Bonds remain outstanding and continue to be listed on the London Stock Exchange.

Capitalised terms used but not defined in this Notice shall have the meanings given to them in the Terms and Conditions of the Covered Bonds and in the Final Terms of the Series 2019-1 Covered Bonds dated 15 February 2019.

For further information, please contact:

Gina Amies
Treasury Legal
TSB Bank plc
Telephone: [phone]

DISCLAIMER - INTENDED ADDRESSEES

Please note that the information contained in this announcement may be addressed to and/or targeted at persons who are residents of particular countries only, is not intended for use, and should not be relied upon by any person outside these countries. Prior to relying on the information contained in this announcement you must ascertain from the announcement 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. 

 

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