Commentary & Deal Flow

Reoffer: 9yr: UKT+85bp / 99.436 / 5.706%
Benchmark: 9yr: UKT 4.500% 07-Mar-35 / 97.485 (MID) / HR 100%

Final Books in excess of £1.2bn (incl. £75m JLM). Peak book in excess of £1.3bn.

Launched: 9yr: £350m @ UKT+85bp - Orderbooks in excess of £1.3bn
IPTs: 9yr: UKT+105a

• Issuer: Sanctuary Capital PLC (Ticker: SANCTU)
• Issuer LEI: 213800A6T7362M7XHO44
• Guarantors: Sanctuary Housing Association, Sanctuary Affordable Housing Limited, Sanctuary Scotland Housing Association Limited, Swan Housing Association Limited
• Expected Issue Ratings: A2 / A (Moody's / S&P)
• Format: Senior, Secured, Reg S, Bearer, NGN
• Size: £350m
• Settlement: 16-Jun-26 (T+5)
• Expected Maturity: 16-Jun-35
• Reoffer: UKT+85bps / 99.436 / 5.706% (S/A)
• Benchmark Gilt: UKT 4.500% due March 2035 / 97.485 (MID) / 97.465 (BID), HR = 100%
• Coupon: 5.625%, Fixed, Semi-Annual, ACT/ACT (ICMA)
• Documentation: Note Programme dated 31-Mar-26, £100k + £1k, London Stock Exchange (ISM), English Law
• Optional Redemption: 3 month Par Call, MWC (UKT+15bps)
• Asset Cover: 1.05x EUV-SH; 1.15x MV-ST plus charged cash
• Use of Proceeds: Sustainable Bonds. Net proceeds from the issue of the Notes will be used by the Issuer for sustainable purposes and applied in accordance with the Issuer’s Sustainable Finance Framework
• Target Market: UK MiFIR product governance is eligible counterparties and professional clients only (all distribution channels). No EEA PRIIPs KID or UK PRIIPs KID/CCI product summary. No EEA PRIIPs key information document (KID) or UK PRIIPs KID/CCI product summary has been prepared as not available to retail in EEA or UK.
• ISIN: XS3405554737
• Active Bookrunners: Barclays (B&D), HSBC, RBC Capital Markets
• Marketing: https://dealroadshow.com / Entry code SANCTU26
• Timing: Priced. TOE: 14:29 (UKT). FTT: 14:50 (UKT)
• Advertisement: The Admission Particulars are available at https://www.sanctuary.co.uk/investors and the Final Terms, when published, will be available on the website of the London Stock Exchange