RCS - Propifi Bonds PLC - Payment of quarterly interest to noteholders

Morgan StanleyAnnouncement

30/09/2024 10:00

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RNS Number : 8459F  Propifi Bonds PLC  30 September 2024

Interest payment announcement

30 September 2024

LEI: 98450046C4Z35AF35258
(https://search.gleif.org/#/record/98450046C4Z35AF35258)

 

 

Propifi Bonds plc (the "Isser")

Interest payments on notes issued under the Issuer's

£5,000,000,000 medium-term note programme (the "Programme")

 

2020-F1 GBP secured 8.1% notes due 2025 GB00BLB0B914

2020-F1 USD secured 8.1% notes due 2025 GB00BKPRZZ59

2021-F1 EUR secured 8.1% notes due 2026 GB00BNC5TT55

2022-F1 GBP secured fixed-rate notes due 2028 GB00BMFXJ441

2022-F1 USD secured fixed-rate notes due 2028 GB00BMFXJ557

2022-F1 EUR secured fixed-rate notes due 2028 GB00BMFXJ334

(together, the "Notes")

Payment of due interest was made to holders of the Notes on the Interest
Payment Date of 30 September 2024. These payments and the payment of interest
due to holders of Notes on all preceding Interest Payment Dates are set out in
the table below.

Capitalised terms not defined here have the meanings given to them in the
conditions applicable to the notes of the series described above.

 

 ISIN                GB00BLB0B914                                                                      GB00BKPRZZ59                                                                      GB00BNC5TT55                                                                      GB00BMFXJ441                                                                      GB00BMFXJ557                                                                      GB00BMFXJ334
 Calculation Amount  £100,000.00                                                                       $100,000.00                                                                       €100,000.00                                                                       £100,000.00                                                                       $100,000.00                                                                       €100,000.00
 Issue Date:         02-Sep-2020                                                                       26-Nov-2020                                                                       16-Mar-2021                                                                       10-Jan-2023                                                                       10-Jan-2023                                                                       10-Jan-2023
 Link to listing     Frankfurt-GBP                                                                     Frankfurt-USD                                                                     Frankfurt-EUR                                                                     Frankfurt-GBP                                                                     Frankfurt-USD                                                                     Frankfurt-EUR
                     (https://www.boerse-frankfurt.de/bond/gb00blb0b914-propifi-bonds-plc-8-1-20-25)   (https://www.boerse-frankfurt.de/bond/gb00bkprzz59-propifi-bonds-plc-8-1-20-25)   (https://www.boerse-frankfurt.de/bond/gb00bnc5tt55-propifi-bonds-plc-8-1-21-26)   (https://www.boerse-frankfurt.de/bond/gb00bmfxj441-propifi-bonds-plc-8-1-23-28)   (https://www.boerse-frankfurt.de/bond/gb00bmfxj557-propifi-bonds-plc-8-1-23-28)   (https://www.boerse-frankfurt.de/bond/gb00bmfxj334-propifi-bonds-plc-8-1-23-28)

 

 Interest Payment Date  Fixed Coupon Amount paid (per Calculation Amount)
 31 Dec 2020            £2,646.37   $776.71    n/a          n/a         n/a        n/a
 31 Mar 2021            £2,025.00   $2,025.00  €355.04      n/a         n/a        n/a
 30 Jun 2021            £2,025.00   $2,025.00  €2,025.00    n/a         n/a        n/a
 30 Sep 2021            £2,025.00   $2,025.00  €2,025.00    n/a         n/a        n/a
 31 Dec 2021            £2,025.00   $2,025.00  €2,025.00    n/a         n/a        n/a
 31 Mar 2022            £2,025.00   $2,025.00  €2,025.00    n/a         n/a        n/a
 30 Jun 2022            £2,025.00   $2,025.00  €2,025.00    n/a         n/a        n/a
 30 Sep 2022            £2,025.00   $2,025.00  €2,025.00    n/a         n/a        n/a
 31 Dec 2022            £2,025.00   $2,025.00  €2,025.00    n/a         n/a        n/a
 31 Mar 2023            £2,025.00   $2,025.00  €2,025.00    £1,797.00   $1,797.00  €1,797.00
 30 Jun 2023            £2,025.00   $2,025.00  €2,025.00    £2,525.00   $2,525.00  €2,525.00
 30 Sep 2023            £2,025.00   $2,025.00  €2,025.00    £2,525.00   $2,525.00  €2,525.00
 30 Dec 2023            £2,025.00   $2,025.00  €2,025.00    £2,525.00   $2,525.00  €2,525.00
 31 Mar 2024            £2,025.00   $2,025.00  €2,025.00    £2,525.00   $2,525.00  €2,525.00
 30 Jun 2024            £2,025.00   $2,025.00  €2,025.00    £2,275.00   $2,275.00  €2,275.00
 30 Sep 2024            £2,025.00   $2,025.00  €2,025.00    £2,275.00   $2,275.00  €2,275.00

 

Please click to access the Programme Listing Particulars
(https://www.propifibonds.co.uk/_files/ugd/9373c0_b1472e5308294dc39c64296ad3385f9b.pdf)
and the pricing supplements for the above series from propifibonds.co.uk
(https://www.propifibonds.co.uk/the-bonds) .

 

Change to rate of interest of notes due 2028

As announced in July 2023, changes were made to the Rate of Interest of the
three series of notes due in 2028 (GBP: GB00BMFXJ441, USD: GB00BMFXJ557, EUR:
GB00BMFXJ334).  The Rate of Interest for these three series was revised to:

 

For the period starting on 12 Jan 2023 ending 31 Mar
2023:               8.1 per cent per annum;

for the period starting on 1 Apr 2023 and ending 31 Mar 2024:
10.1 per cent per annum;

for the period starting on 1 Apr 2024 and ending 31 Mar 2025:
9.1 per cent per annum;

for the period starting 1 Apr 2025 to the Maturity
Date:                      8.1 per cent per annum;

 

payable in arrear on each Interest Payment Date.

 

Regulatory and payment announcements

Propifi Bonds plc publishes a quarterly announcement of interest payments for
all series in issue using the Regulatory News Service (RNS) of the London
Stock Exchange. A record of these announcements is maintained by the UK
financial regulator the Financial Conduct Authority (FCA) in the National
Storage Mechanism (NSM).

 

Each previous announcement is listed below with corresponding links to the FCA
website.

 

 RNS ID  Announcement
 4585E   30 June 2021 interest payment made to noteholders
         (https://data.fca.org.uk/artefacts/NSM/RNS/4036909.html)
 9280Z   31 December 2021 interest payment made to noteholders
         (https://data.fca.org.uk/artefacts/NSM/RNS/4254595.html)
 9634G   31 March 2022 interest payment made to noteholders
         (https://data.fca.org.uk/artefacts/NSM/RNS/4324949.html)
 2267R   30 June 2022 interest payment made to noteholders
         (https://data.fca.org.uk/artefacts/NSM/RNS/4427582.html)
 0477B   30 September 2022 interest payment made to noteholders
         (https://data.fca.org.uk/artefacts/NSM/RNS/4525793.html)
 7044L   31 December 2022 interest payment made to noteholders
         (https://data.fca.org.uk/artefacts/NSM/RNS/4632361.html)
 1415V   31 March 2023 interest payment made to noteholders
         (https://data.fca.org.uk/artefacts/NSM/RNS/4726735.html)
 7913E   Correction to 31 March 2023 announcement
         (https://data.fca.org.uk/artefacts/NSM/RNS/4823233.html)
 7917E   30 June 2023 interest payment made to noteholders
         (https://data.fca.org.uk/artefacts/NSM/RNS/4823237.html)
 4241O   30 September 2023 interest payment made to noteholders
         (https://data.fca.org.uk/artefacts/NSM/RNS/4919561.html)
 2606Y   31 December 2023 interest payment made to noteholders
         (https://data.fca.org.uk/artefacts/NSM/RNS/5018534.html)
 8725J   31 March 2024 interest payment made to noteholders
         (https://data.fca.org.uk/artefacts/NSM/RNS/5135677.html)
 8700U   30 June 2024 interest payment made to noteholders
         (https://data.fca.org.uk/artefacts/NSM/RNS/5249972.html)

 

All payments due to noteholders under the Programme have been made in full
since the Programme's launch in 2020. There have been no Events of Default
under any series of notes issued by Propifi Bonds plc.

 

Propifi Capital Ltd

The proceeds of investment in the notes are loaned to Propifi Capital Ltd for
the making of bridging loans. Propifi Capital specialises in issuing secured
first-charge bridging loans to commercial property developers in the UK, with
a particular focus on assisted living, retirement and social housing. These
markets face a significant supply shortage.

 

Truva Corp

Truva Corp id the trustee of the Notes.  Truva is a professional provider of
trustee and capital markets administrative services. Truva works with
corporate clients, specialist lenders and asset managers to develop structures
that enable the raising of capital.

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