REG - TSB Bank PLC TSB Banking Gp - Notice of Partial Cancellation of Covered Bonds

Banco de Sabadell SAAnnouncement

18/09/2023 12:30

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RNS Number : 7827M  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: +44 (0)2070 039250

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