Book size: 1850; First Pay: 2026-08-05; Redemption: 2033-02-05; Registration: Reg S Only; Comments: GBP150m PNC8 fxd-rate-reset cpn 7.50% at par. Tax Call: Yes. Clean-up Call: 75%. Reset Date: 08/05/2033;
Use of Proceeds
The proceeds of the issue of the Notes will be on-lent to Paragon Bank PLC by way of the Issuer purchasing an equivalent principal amount of additional tier 1 securities to be issued by Paragon Bank PLC for its own capital purposes. The gross proceeds of the issue of the Notes will be used for the general corporate purposes of the Group