REG - Coventry BuildingSoc - Publication of Amended Final Terms

HSBC HoldingsAnnouncement

17/10/2025 18:45

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RNS Number : 9148D  Coventry Building Society  17 October 2025

17 October 2025

RNS Announcement

 

COVENTRY BUILDING SOCIETY (the Issuer)

£500,000,000 Series 1 Floating Rate Covered Bonds due October 2025

(the Series 1 Covered Bonds)

(ISIN: XS2245504480; Common Code: 224550448)

£500,000,000 Series 2 Floating Rate Covered Bonds due October 2025

(the Series 2 Covered Bonds)

(ISIN: XS2245745927; Common Code: 224574592)

£500,000,000 Series 4 Floating Rate Covered Bonds due December 2025

(the Series 4 Covered Bonds)

(ISIN: XS2498152680; Common Code: 249815268)

£500,000,000 Series 5 Floating Rate Covered Bonds due December 2025

(the Series 5 Covered Bonds)

(ISIN: XS2498152920; Common Code: 249815292)

 

(together, the Relevant Covered Bonds)

NOTICE TO COVERED BONDHOLDERS

issued by the Issuer (together, the holders thereof of each Series of Relevant
Covered Bondholders) constituted by a Trust Deed dated 14 October 2020 (as the
same may be amended or supplemented from time to time) and made between the
Issuer, Coventry Godiva Covered Bonds LLP (the LLP) and HSBC Corporate Trustee
Company (UK) Limited (the Bond Trustee and the Security Trustee), and issued
under the €10 billion Global Covered Bond Programme irrevocably and
unconditionally guaranteed as to payment of principal and interest by Coventry
Building Society Covered Bonds LLP (the Programme)

 

Publication of Amended Final Terms

 

Terms used and not defined herein have the same meanings given thereto in each
of the Final Terms issued by the above-named Issuer.

The following amendments (as approved by the holders of each Series of
Relevant Covered Bonds on 17 October 2025, by way of Written Resolution) are
made to the Conditions set out in the Final Terms:

 

(a)     dated 14 October 2020, as amended and restated on 17 October 2025
in respect of the Series 1 Covered Bonds under the Programme:

1.       Part A - Contractual Terms, Item 9(i) (Final Maturity Date) is
amended to "Interest Payment Date falling in or nearest to October 2030";

2.       Part A - Contractual Terms, Item 9(ii) (Extended Due for
Payment Date of Guaranteed Amounts corresponding to the Final Redemption
Amount under the Covered Bond Guarantee) is amended to "Interest Payment Date
falling in or nearest to October 2031";

3.       Part A - Contractual Terms, Item 10 (Interest Basis) is amended
to "Compounded Daily SONIA +0.60 per cent. Floating Rate from and including
the Issue Date to but excluding 26 October 2025

From and including 26 October 2025, SONIA +0.53 per cent. Floating Rate";

4.       Part A - Contractual Terms, Item 16 (viii) (Margin) is amended
to "+0.60 per cent. per annum. from and including the Issue Date to but
excluding 26 October 2025

From and including 26 October 2025, +0.53 per cent. Floating Rate".

 

(b)     dated 14 October 2020, as amended and restated on 17 October 2025
in respect of the Series 2 Covered Bonds under the Programme:

1.       Part A - Contractual Terms, Item 9(i) (Final Maturity Date) is
amended to "Interest Payment Date falling in or nearest to October 2030";

2.       Part A - Contractual Terms, Item 9(ii) (Extended Due for
Payment Date of Guaranteed Amounts corresponding to the Final Redemption
Amount under the Covered Bond Guarantee) is amended to "Interest Payment Date
falling in or nearest to October 2031";

3.       Part A - Contractual Terms, Item 10 (Interest Basis) is amended
to "Compounded Daily SONIA +0.60 per cent. Floating Rate from and including
the Issue Date to but excluding 26 October 2025

From and including 26 October 2025, SONIA +0.53 per cent. Floating Rate";

4.       Part A - Contractual Terms, Item 16(viii) (Margin(s)) is
amended to "+0.60 per cent. Floating Rate from and including the Issue Date to
but excluding 26 October 2025

From and including 26 October 2025, +0.53 per cent. Floating Rate".

 

(c)     dated 30 June 2022, as amended and restated on 17 October 2025 in
respect of the Series 4 Covered Bonds under the Programme:

1.       Part A - Contractual Terms, Item 9(i) (Final Maturity Date) is
amended to "Interest Payment Date falling in or nearest to December 2030";

2.       Part A - Contractual Terms, Item 9(ii) (Extended Due for
Payment Date of Guaranteed Amounts corresponding to the Final Redemption
Amount under the Covered Bond Guarantee) is amended to "Interest Payment Date
falling in or nearest to December 2031";

3.       Part A - Contractual Terms, Item 10 (Interest Basis) is amended
to "Compounded Daily SONIA +0.40 per cent. Floating Rate from and including
the Issue Date to but excluding 1 December 2025

From and including 1 December 2025, SONIA +0.53 per cent. Floating Rate";

4.       Part A - Change of Interest Basis or Redemption/Payment Basis -
Specified Period(s)/Specified Interest Payment Date(s) is amended to "1st day
of each month from (but excluding) the Final Maturity Date to (and including)
the Extended Due for Payment Date.  The first specified Interest Payment Date
shall be 1 January 2031;"

5.       Part A - Contractual Terms, Item 12 (Change of Interest Basis
or Redemption/Payment Basis - Margin) is amended to "+0.53 per cent. per
annum; and

6.       Part A - Contractual Terms, Item 16(viii) (Margin(s)) is
amended to "+0.40 per cent. Floating Rate from and including the Issue Date to
but excluding 1 December 2025

From and including 1 December 2025, +0.53 per cent. Floating Rate".

 

(d)     dated 30 June 2022, as amended and restated on 17 October 2025 in
respect of the Series 5 Covered Bonds under the Programme:

1.       Part A - Contractual Terms, Item 9(i) (Final Maturity Date) is
amended to "Interest Payment Date falling in or nearest to December 2030";

2.       Part A - Contractual Terms, Item 9(ii) (Extended Due for
Payment Date of Guaranteed Amounts corresponding to the Final Redemption
Amount under the Covered Bond Guarantee) is amended to "Interest Payment Date
falling in or nearest to December 2031";

3.       Part A - Contractual Terms, Item 10 (Interest Basis) is amended
to "Compounded Daily SONIA +0.40 per cent. Floating Rate from and including
the Issue Date to but excluding 1 December 2025

From and including 1 December 2025, SONIA +0.53 per cent. Floating Rate";

4.       Part A - Change of Interest Basis or Redemption/Payment Basis -
Specified Period(s)/Specified Interest Payment Date(s) is amended to "1st day
of each month from (but excluding) the Final Maturity Date to (and including)
the Extended Due for Payment Date.  The first specified Interest Payment Date
shall be 1 January 2031;"

5.       Part A - Contractual Terms, Item 12 (Change of Interest Basis
or Redemption/Payment Basis - Margin) is amended to "+0.53 per cent. per
annum"; and

6.       Part A - Contractual Terms, Item 16(viii) (Margin(s)) is
amended to "+0.40 per cent. Floating Rate from and including the Issue Date to
but excluding 1 December 2025

From and including 1 December 2025, +0.53 per cent. Floating Rate".

 

These changes were effective 17 October 2025.

To view the amended Final Terms, please paste the following URL into the
address bar of your browser:

http://www.rns-pdf.londonstockexchange.com/rns/9148D_1-2025-10-17.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/9148D_1-2025-10-17.pdf)

http://www.rns-pdf.londonstockexchange.com/rns/9148D_2-2025-10-17.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/9148D_2-2025-10-17.pdf)

http://www.rns-pdf.londonstockexchange.com/rns/9148D_3-2025-10-17.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/9148D_3-2025-10-17.pdf)

http://www.rns-pdf.londonstockexchange.com/rns/9148D_4-2025-10-17.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/9148D_4-2025-10-17.pdf)

 

Further information

For further information, please email:

media@thecoventry.co.uk

 

Notifying person:

 

Catherine Green

Society Secretary

LEI: 2138004G59FXEAZ6IO10

 

Coventry Building Society

Coventry House

Harry Weston Road

Binley

Coventry

CV3 2TQ

 

DISCLAIMER - INTENDED ADDRESSEES

 

Please note that the information contained in the Final Terms may be addressed
to and/or targeted at persons who are residents of particular countries
(specified in the Final Terms) only and is not intended for use and should not
be relied upon by any person outside these countries and/or to whom the offer
contained in the Final Terms is not addressed.  Prior to relying on the
information contained in the Final Terms you must ascertain from the Final
Terms whether or not you are part of the intended addressees of the
information contained therein.

 

In particular, the Final Terms does not constitute an offer of securities for
sale in the United States.  This is not for distribution in the United
States.  The securities described herein have not been, and will not be,
registered under the U.S. Securities Act of 1933, as amended (the Securities
Act), or under any relevant securities laws of any state of the United States
of America and are subject to U.S. tax law requirements.  Subject to certain
exceptions, the securities may not be offered or sold within the United States
or to, or for the account or benefit of, U.S. persons or to persons within the
United States of America, as such terms are defined in Regulation S under the
Securities Act.  There will be no public offering of the securities in the
United States.

 

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requirement.

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