REG - TSB Bank PLC TSB Banking Gp - Notice to Series 2024-1 Covered Bondholders

CitigroupAnnouncement

Yesterday 16:15

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RNS Number : 6693P  TSB Bank PLC  03 July 2025

NOTICE TO SERIES 2024-1 COVERED BONDHOLDERS

 

Amendment to Series 2024-1 Covered Bond Swap

 

 

TSB BANK PLC

(the Issuer)

 

€500,000,000 Series 2024-1 3.319 per cent. Fixed Rate Covered Bonds due
March 2029

ISIN: XS2774411016 Common Code: 277441101

(the Series 2024-1 Covered Bonds)

 

issued under the £10,000,000,000 Global Covered Bond Programme of TSB Bank
plc

unconditionally and irrevocably guaranteed as to payments of interest and
principal by

TSB Covered Bonds LLP (the Programme)

NOTICE IS GIVEN by the Issuer to the holders of the Series 2024-1 Covered
Bonds that as of 3 July 2025

the series 2024-1 swap agreement dated 5 March 2024 and entered into between
TSB Covered Bonds LLP (the LLP), Bank of Montreal (the Series 2024-1 Covered
Bond Swap Provider) and Citicorp Trustee Company Limited (the Security
Trustee) (the Series 2024-1 Swap Agreement) relating to the Series 2024-1
Covered Bonds was amended and restated to update the frequency of margining
under the credit support annex that forms part of the Series 2024-1 Swap
Agreement from weekly to daily, and the definition of "Valuation Date" set out
in paragraph 11(c)(ii) to the Credit Support Annex was updated from "the last
London Business Day of each week" to "each London Business Day".

For further information, please contact:

Gina Bouette

Treasury Legal

TSB Bank plc

Telephone: +44 (0)2070 039250

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