65HB Housing Fin.8fe

TIDM65HB 
 
 

6 November 2020

The Housing Finance Corporation Limited

Partial early redemption of GBP4,750,000 of 8.625% Debenture Stock 2023

ISIN: GB00BJLSSR88 ("Current ISIN")

To the holders of 8.625% Debenture Stock 2023 (the 'Stock') constituted and secured pursuant to a Trust Deed between THFC (1) and The Law Debenture Trust Corporation p.l.c. (2) dated 13 October 1993 and deeds supplemental thereto between the same parties (together the 'Trust Deed')

Following a Borrower's Optional Redemption, Stock with an Outstanding Principal Amount of GBP4,750,000 representing approximately 2.53% of the Stock in issue will be redeemed on 13 November 2020 in accordance with clause 4(F) of the Trust Deed at a price of GBP126.348 per GBP100 of the Outstanding Principal Amount of the Stock to be redeemed together with interest accrued but unpaid. This price has been calculated in accordance with condition 3(1) of the conditions applicable to the Stock and in accordance with the provisions of the Trust Deed.

Stockholder information

The redemption of 8.625% Debenture Stock 2023 (the "Redemption") will be effected pro rata to holdings of Stock on the register at the close of business on 13 November 2020 (the "Redemption Date").

Fractions of Stock produced by the Redemption ratio will not be redeemed and so the Outstanding Principal Amount of Stock to be redeemed from each stockholder will be rounded down to the nearest whole number.

THFC currently has GBP187,599,996 8.625% Debenture Stock in issue. All of the Stock redeemed on the Redemption Date will be cancelled.

Payments of redemption monies are expected to be effected either through CREST (in the case of Stock held in uncertificated form) or by cheque (in the case of Stock held in certificated form) on or around 24 November 2020. Any stock certificates for the balance of the holding will be distributed to stockholders on or around 23 November 2020. Original certificate(s) will have no further value and should be destroyed or returned to the Registrar, Link Group, 34 Beckenham Road, Beckenham, BR3 4TU, for destruction.

The Stock will be disabled in CREST on the Redemption Date and the Current ISIN number will expire. The new ISIN number GB00BLF0LG43 (the "New ISIN") in respect of the remaining Stock which has not been redeemed will be enabled and available for transactions from 16 November 2020. For the period up to and including the Redemption Date, Stock will be traded under the Current ISIN and as such, a purchaser of such Stock may have a market claim for a proportion of the redemption proceeds following the activation of the New ISIN. CREST will automatically transfer any open transactions as at the Redemption Date to the New ISIN.

LEI: 213800C5UBBTGH5RTF22

For further information, please contact:

 
THFC Details: 
3rd Floor 
 17 St. Swithin's Lane 
 London 
 EC4N 8AL 
Telephone: +44 (0)207 337 9920 
Registrar Details: 
Link Group 
 34 Beckenham Road 
 Beckenham 
 Kent 
 BR3 4TU 
Telephone: +44 (0) 371 664 0321 
Calls to Link Group are charged at the standard geographic rate and will vary 
by provider. Calls outside the United Kingdom will be charged at the 
applicable international rate. The helpline is open between 9.00 am -- 5.30 
pm, Monday to Friday excluding public holidays in England and Wales. Please 
note that Link Group cannot provide any financial, legal or tax advice and 
calls may be recorded and monitored for security and training purposes. 
 
 

View source version on businesswire.com: https://www.businesswire.com/news/home/20201106005156/en/

 
    CONTACT: 

The Housing Finance Corporation Limited

 
    SOURCE: Housing Fin.Corp. 
Copyright Business Wire 2020 
 

(END) Dow Jones Newswires

November 06, 2020 03:25 ET (08:25 GMT)

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