32EK Housing Fin.nts

 
TIDM32EK 
 
THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. 
IF NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD 
 SEEK THEIR OWN FINANCIAL, LEGAL OR OTHER PROFESSIONAL ADVICE, INCLUDING AS TO 
ANY TAX CONSEQUENCES, IMMEDIATELY FROM THEIR STOCKBROKER, SOLICITOR, ACCOUNTANT 
      OR OTHER INDEPENDENT FINANCIAL, LEGAL OR OTHER PROFESSIONAL ADVISER 
 
 If you have recently sold or otherwise transferred your entire holding(s) of 
 the Notes referred to below, you should immediately forward this document to 
the purchaser or transferee or to the broker, bank or other agent through whom 
    the sale or transfer was effected for transmission to the purchaser or 
                                  transferee. 
 
                             NOTICE TO NOTEHOLDERS 
 
To the holders of the £192,270,000 8.25 per cent. Secured Loan-Backed Notes due 
                         June 2027 ISIN: XS0073407537 
 
                                 (the "Notes") 
 
                   issued by Housing Association Funding PLC 
 
                                (the "Issuer") 
 
Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 
April 2014 (Market Abuse Regulation) requires disclosure by or on behalf of the 
Issuer of any inside information concerning the Issuer. 
 
Capitalised terms used but not otherwise defined herein shall have the meanings 
ascribed to them in the master schedule of definitions, interpretation and 
construction clauses dated 23 January 1997, as amended and restated on 30 
January 1998, as amended and restated on 23 December 1999, as amended and 
restated on 29 June 2005, as amended and restated on 7 December 2009, as 
amended and restated on 11 February 2010 and as further amended and restated on 
31 January 2017. 
 
Full Redemption occurring on the June 2021 IPD 
 
We refer to the notice of the Issuer dated 4 June 2021 in which the Issuer 
informed Noteholders that it received funds from Optivo (formerly known as 
Servite Houses and Viridian Housing) ("Optivo")  in relation to the prepayment 
of its loan. 
 
Pursuant to the Supplemental Trust Deed, the amount of the prepayment was, as 
is required, applied to redeem the Notes and pay Noteholders on the Interest 
Payment Date (as defined in the Trust Deed) falling in June 2021 (the "June 
2021 IPD") in accordance with the terms of the Transaction Documents as follows 
(the "June 2021 Redemption"): 
 
  * £20,265,618.43 was applied to redeem the Notes.  This amount forms the 
    total principal amount due and payable and which was applied to redeem the 
    Notes on the June 2021 IPD of £22,551,352.41 
  * £835,956.76 was applied in payment of interest due and payable in respect 
    of the Notes.  This amount forms the total interest amount due and payable 
    and which was applied in respect of the Notes on the June 2021 IPD of £ 
    2,416,036.04; 
  * £5,233,674.90 was applied in payment of the Prepayment Premium; and 
  * £55,935.50 was or will be applied in repayment of outstanding fees, costs 
    and expenses incurred by the transaction parties; 
 
The Issuer wishes to inform Noteholders following the June 2021 Redemption, 
that the column headed "Principal Amount to be redeemed per £100" and the 
column headed "Principal Amount Outstanding Per £100 After Redemption", in each 
case set out under the heading Mandatory Amortising Redemption at Condition 5 
(b) of the Notes shall be adjusted pursuant Condition 5(b) of the Notes.  This 
follows the adjustment set out in a notice to Noteholders dated 7 December 
2018.  The figures in the column headed Principal Amount to be Redeemed per £ 
100 shall be replaced with the figures in the column headed "New Principal to 
be Redeemed per £100" and the figures in the column headed and the column 
headed "Principal Amount Outstanding Per £100 After Redemption" shall be 
replaced with the figures in the column headed "New Principal Amount 
Outstanding per £100 after redemption", in each case, as set out below: 
 
   Interest       Previous    New Principal  Previous Principal New Principal 
 Payment Date   Principal to  to be redeemed Amount Outstanding     Amount 
                 be redeemed     per £100      per £100 after    Outstanding 
                  per £100                       redemption     per £100 after 
                                                                  redemption 
 
7 December 2021 1.89275194    1.23785327     28.64489841        18.73366525 
 
7 June 2022     1.97082796    1.28891472     26.75214647        17.49581198 
 
7 December 2022 2.05212462    1.34208246     24.78131851        16.20689726 
 
7 June 2023     2.13677475    1.39744336     22.72919389        14.86481480 
 
7 December 2023 2.22491672    1.45508790     20.59241914        13.46737144 
 
7 June 2024     2.31669453    1.51511027     18.36750242        12.01228355 
 
7 December 2024 2.41225818    1.57760857     16.05080789        10.49717328 
 
7 June 2025     2.51176383    1.64268492     13.63854972        8.91956471 
 
7 December 2025 2.61537409    1.71044568     11.12678589        7.27687979 
 
7 June 2026     2.72325827    1.78100156     8.51141180         5.56643411 
 
7 December 2026 2.83559267    1.85446787     5.78815354         3.78543255 
 
7 June 2027     2.95256087    1.93096467     2.95256087         1.93096467 
 
Queries may be addressed to the Issuer as follows: 
 
Housing Association Funding PLC: 
 
Address:                 125 Wood Street, London, United Kingdom, EC2V 7AN 
 
Attention:               The Directors 
 
Telephone:             +44 203 994 7157 
 
Email:                    spvservices@apexfs.com 
 
HOUSING ASSOCIATION FUNDING PLC 
 
8 June 2021 
 
 
 
END 
 
 

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June 08, 2021 11:05 ET (15:05 GMT)

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