Housing Assn Funding Notice to Noteholders

 
TIDM32EK 
 
THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. 
IF NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD 
 SEEK THEIR OWN FINANCIAL, LEGAL OR OTHER PROFESSIONAL ADVICE, INCLUDING AS TO 
ANY TAX CONSEQUENCES, IMMEDIATELY FROM THEIR STOCKBROKER, SOLICITOR, ACCOUNTANT 
      OR OTHER INDEPENDENT FINANCIAL, LEGAL OR OTHER PROFESSIONAL ADVISER 
 
 If you have recently sold or otherwise transferred your entire holding(s) of 
 the Notes referred to below, you should immediately forward this document to 
the purchaser or transferee or to the broker, bank or other agent through whom 
    the sale or transfer was effected for transmission to the purchaser or 
                                  transferee. 
 
                             NOTICE TO NOTEHOLDERS 
 
To the holders of the £192,270,000 8.25 per cent. Secured Loan-Backed Notes due 
                         June 2027 ISIN: XS0073407537 
 
                                 (the "Notes") 
 
                   issued by Housing Association Funding PLC 
 
                                (the "Issuer") 
 
Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 
April 2014 (Market Abuse Regulation) requires disclosure by or on behalf of the 
Issuer of any inside information concerning the Issuer. 
 
Capitalised terms used but not otherwise defined herein shall have the meanings 
ascribed to them in (i) the master schedule of definitions, interpretation and 
construction clauses dated 23 January 1997, as amended and restated on 30 
January 1998, as amended and restated on 23 December 1999, as amended and 
restated on 29 June 2005, as amended and restated on 7 December 2009, as 
amended and restated on 11 February 2010 and as further amended and restated on 
31 January 2017 and (ii) the notice of the Issuer to Noteholders (the "Notice 
to Noteholders") dated 2 December 2022. 
 
We refer to the Notice to Noteholders, which set out the prepayment amounts 
paid by the Borrowers under their respective Loan Agreements on 5 December 
2022. 
 
The Issuer confirms that it has received the following amounts from the 
Borrowers: 
 
(i)         Derwent:                     £4,251,243.12 
 
(ii)        Home Group:              £6,664,839.69 
 
(iii)       Stonewater:                 £14,315,147.82 
 
(iv)       Metropolitan:              £7,570,302.26 
 
In respect to the repayments to be made by the Issuer in respect to the Notes 
on the Interest Payment Date falling on 7 December 2022, the Issuer's 
independent financial adviser for the purposes of Condition 5(g) of the Notes 
has provided the Issuer with the following information below. 
 
BOND REPAYMENT 
 
Payment Due 7 Dec 2022 
 
Interest           1,171,271.90 
 
Principal          2,351,327.34 
 
Total              3,522,599.24 
 
Repayment 
 
Principal          26,043,143.05 
 
Makewhole            2,956,174.39 
 
Total              28,999,317.44 
 
Reference Bond: 2.25% Treasury Gilt due 7 Sept 2023 
 
Rate @ 3pm 30 Nov  3.4082% 
 
By way of clarification with the information included in the Notice to 
Noteholders, the Issuer's independent financial adviser confirms that the 
reason why the Borrowers have paid different Prepayment Premiums is because 
their respective Loan Agreements have different interest rates and different 
amortisation schedules to that of the Notes. 
 
The Issuer refers to the additional facility agreement (the "Additional 
Facility Agreement") dated 16 July 2004, as amended and restated on 21 August 
2012 and entered into between the Issuer, the Trustee and Barclays Bank PLC 
(the "Additional Facility Provider").  The Issuer confirms that it paid all 
amounts due to the Additional Facility Provider under the Additional Facility 
Agreement on the Interest Payment Date falling on 7 December 2022 and that the 
facility has now terminated. 
 
Queries may be addressed to the Issuer as follows: 
 
Housing Association Funding PLC: 
 
Address:               Bastion House, 6th Floor, 140 London Wall, London, 
England, EC2Y 5DN 
 
Attention:              The Directors 
 
Telephone:            +44 203 994 7157 
 
Email:                   spvservices@apexfs.com 
 
HOUSING ASSOCIATION FUNDING PLC 
 
8 December 2022 
 
 
 
END

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