Source - RNS
RNS Number : 5721T
Yorkshire Building Society
13 October 2017
 

YORKSHIRE BUILDING SOCIETY

(the 'Society')

 

Notice of Redemption

To the holders of the

£4,980,000 11.375 per cent. Subordinated Bonds due 2022 (the "Bonds")

 

(ISIN: XS0040478934)

(Common Code: 004047893)

 

of the Society

(the 'Bondholders')

 

Reference is made to the fourth supplemental trust deed dated 24 November 1992 between the Society and The Law Debenture Trust Corporation p.l.c. as trustee (the "Trust Deed"), pursuant to which the Bonds were issued. All capitalised terms used herein and not defined shall have the meanings assigned to such terms in the Trust Deed and in the Conditions, as appropriate.

NOTICE IS HEREBY GIVEN to Bondholders that pursuant to Condition 4(b), the Society has elected to redeem all of the Bonds on 24 November, 2017 (the "Redemption Date").

In accordance with Condition 4(b) and Condition 15, the Society hereby notifies the Bondholders that:

(i)         the Prudential Regulation Authority (as successor to the Building Societies Commission) has provided its Requisite Consent to the redemption of the Bonds;

(ii)        the redemption amount will be 100% of the principal amount of the Bonds together with interest accrued up to and including the Redemption Date (the "Redemption Amount"); and

(iii)       unless the Society defaults in paying the Redemption Amount referred to in paragraph (ii) above on the Redemption Date, interest on the Bonds will cease to accrue starting from the Redemption Date.

Payment of redemption monies will be made through Euroclear Bank S.A./N.V. and Clearstream Banking, societe anonyme, in accordance with their standard procedures.

Contact details: Daren Murray - Wholesale Funding & Investor Relations Manager Tel: 01274 730156. Email: [email protected]

Dated: 13th October 2017

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCUORRRBWARAAA