A2D Funding PLC Notice re Partial Redemption of Bonds - price (1748I)
2022年4月13日 - 1:03AM
RNSを含む英国規制内ニュース (英語)
TIDMA2D1
RNS Number : 1748I
A2D Funding PLC
12 April 2022
Partial Redemption of Bonds
A2D Funding plc
12 April 2022
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM AUSTRALIA, NEW
ZEALAND, SOUTH AFRICA, JAPAN, CANADA OR SWITZERLAND OR ANY
JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION
A2D Funding plc (the Issuer)
GBP150,000,000 4.75% Guaranteed Bonds due 2022 (the Bonds)
ISIN: XS0975865949
Notice of Partial Redemption of Bonds at the Option of the
Issuer
This notice is in respect of the Notes which are constituted by
the trust deed dated 18 October 2013 (the Trust Deed ) between the
Issuer, A2Dominion Housing Group Limited as Guarantor and M&G
Trustee Company Limited (formerly Prudential Trustee Company
Limited) as Trustee. All words and expressions defined in the Trust
Deed shall have the same meaning herein.
This notice is being given further to the notice dated 1 April
2022 notifying the Noteholders that, pursuant to Condition 7.3
(Redemption at the Option of the Issuer) of the Notes, the Issuer
intends to redeem GBP75,000,000 in aggregate principal amount of
the Bonds (the Prepayment Bonds) on 18 April 2022.
NOTICE IS HEREBY GIVEN pursuant to Condition 13 (Notices) of the
Notes that, pursuant to Condition 7.3 (Redemption at the Option of
the Issuer) of the Notes, the redemption price payable in respect
of the Prepayment Bonds is 101.684% (the Redemption Price).
The Redemption Price has been calculated in accordance with
Condition 7.3 (Redemption at the Option of the Issuer) of the
Notes, being the higher of par and the amount (calculated by a
Nominated Financial Adviser) which is equal to the principal amount
of the Prepayment Bonds multiplied by the price at which the Gross
Redemption Yield on the Prepayment Bonds (if the Prepayment Bonds
were to remain outstanding until their original maturity) on the
Determination Date (being 12 April 2022) would be equal to the sum
of (i) the Gross Redemption Yield at 3:00pm (London time) on the
Determination Date of the Benchmark Gilt and (ii) 0.50%. The mid
price of the 1 3/4 % Treasury Gilt 2022 has been used as the
Benchmark Gilt.
The redemption will be on a pro-rata basis and will result in
the principal balance, to which each Bondholder is entitled on
final redemption and on which the last coupon payment will accrue,
being reduced by 50%.
Following the early redemption of the Prepayment Bonds,
GBP75,000,000 in aggregate principal amount of the Bonds will
remain outstanding.
This announcement is given by A2D Funding plc.
Further details relating to the above can be obtained from:
A2Dominion Group Limited
Email: Ellie.Lodge@a2dominion.co.uk
Attention: Ellie Lodge, Director of Treasury
Disclaimers
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South Africa, Japan, Canada or Switzerland or any jurisdiction
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such restrictions.
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or invitation to sell or issue, or any solicitation of any offer to
purchase or subscribe for any shares or any other securities nor
shall it (or any part of it) or the fact of its distribution, form
the basis of, or be relied on in connection with, any contract
therefore. The availability of the transactions described herein
and the distribution of this announcement in certain jurisdictions
may be restricted by law and persons into whose possession any
document or other information referred to herein comes should
inform themselves about, and observe, any such restrictions. Any
failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdiction.
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