REG - Yorkshire B.S. - Notice to Series 19 Covered Bondholders

HSBC HoldingsAnnouncement

16/01/2026 13:30

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RNS Number : 2779P  Yorkshire Building Society  16 January 2026

16 January 2026

RNS ANNOUNCEMENT

 

YORKSHIRE BUILDING SOCIETY (the Issuer)

£600,000,000 Series 19 Floating Rate Covered Bonds due March 2027

(the Series 19 Covered Bonds)

(ISIN: XS2462616876; Common Code: 246261687)

NOTICE TO COVERED BONDHOLDERS

issued by the Issuer (together, the holders thereof of the Series 19 Covered
Bondholders) constituted by a Trust Deed dated 1 November 2006 (as the same
may be amended or supplemented from time to time) and made between the Issuer,
Yorkshire Building Society Covered Bonds LLP (the LLP) and HSBC Trustee (C.I.)
Limited (the Bond Trustee and the Security Trustee), and issued under the
€12.5 billion Global Covered Bond Programme irrevocably and unconditionally
guaranteed as to payment of principal and interest by Yorkshire 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 the Series 19 Covered
Bonds on 16 January 2026, by way of Written Resolution) are made to the
Conditions set out in the Final Terms dated 29 March 2022, as amended and
restated on 16 January 2026 in respect of the Series 19 Covered Bonds under
the Programme:

(i)        Part A - Contractual Terms, Item 9(i) "Final Maturity Date"
shall be "Interest Payment Date falling in or nearest to March 2027";

(ii)       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" shall be "Interest Payment Date
falling in or nearest to March 2028";

(iii)      Part A - Contractual Terms, Item 10 "Interest Basis" shall be
"Compounded Daily SONIA +0.42 per cent. per annum. Floating Rate from and
including the Issue Date to but excluding 30 March 2026

From and including 30 March 2026, Compounded Daily SONIA +0.35 per cent. per
annum. Floating Rate";

(iv)      Part A - Contractual Terms, Item 12 "Change of Interest Basis
or Redemption/Payment Basis - Specified Period(s)/Specified Interest Payment
Date(s)" reference to "30 April 2026" shall be "30 April 2027";

(v)       Part A - Contractual Terms, Item 12 "Change of Interest Basis
or Redemption/Payment Basis - Margin(s)" shall be "+0.35 per cent. per annum";

(vi)      Part A - Contractual Terms, Item 16(i) "Interest Basis" shall
be "Compounded Daily SONIA +0.42 per cent. per annum. Floating Rate payable
quarterly in arrear, from and including the Issue Date to but excluding 30
March 2026

From and including 30 March 2026, Compounded Daily SONIA +0.35 per cent. per
annum. Floating Rate payable quarterly in arrear"; and

(vii)     Part A - Contractual Terms, Item 16(ix) "Margin(s)" shall be
"+0.42 per cent. per annum from and including the Issue Date to but excluding
30 March 2026

 

From and including 30 March 2026, +0.35 per cent. per annum".

These changes were effective 16 January 2026.

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/2779P_1-2026-1-16.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/2779P_1-2026-1-16.pdf)

The amended Final Terms have been submitted to the National Storage Mechanism
and will shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) ..

For further information, please contact:

Edward Smith

 

Yorkshire House

Yorkshire Drive

Bradford BD5 8LJ

West Yorkshire

United Kingdom

 

Telephone:     +44 (0) 1274 357 354

Email:              EzSmith@ybs.co.uk

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.

Your right to access this service is conditional upon complying with the above
requirement.

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