Book size: 1800; First Pay: 2026-07-15; Registration: Reg S Only; Comments: GBP1bn 5.5yr fxd Social cpn 4.25% at 99.916, yld 4.272%. SPread: SONIA MS+62. LEI: 969500P04DQJS4BPM574;
Use of Proceeds
An amount equal to the proceeds from the issue of the notes will be exclusively used by CADES to finance and/or refinance eligible social expenditures as set out in CADES Social Bond framework