| Issuer |
Paragon Mortgages (No.22) PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ |
| Closing Date |
25 March 2015 |
| Originator |
Paragon Mortgages (2010) Limited, 51 Homer Road, Solihull, West Midlands, B91 3QJ |
| Notes Issued |
Class A1 Notes |
Class A2 Notes |
Class B Notes |
Class C Notes |
Class E Notes |
| Original Rating (Fitch/Moody's) |
AAA/Aaa |
AAA/Aaa |
AA/Aa2 |
A+/A1 |
Unrated |
| Current Rating (Fitch/Moody's) |
AAA/Aaa |
AAA/Aaa |
AAA/Aaa |
AAA/Aaa |
Unrated |
| Original Notes |
€164,000,000 |
£151,700,000 |
£12,000,000 |
£12,000,000 |
£7,500,000 |
| GBP Equivalent |
£116,809,117 |
£151,700,000 |
£12,000,000 |
£12,000,000 |
£7,500,000 |
| Currency Exchange Rate |
£1 : €1.4040 |
N/A |
N/A |
N/A |
N/A |
| Note Denominations |
€100,000 |
£100,000 |
£100,000 |
£100,000 |
£100,000 |
| Current Margins |
50bp |
80bp |
135bp |
165bp |
200bp |
| Step Up / Call Option Dates |
June 2019 |
June 2019 |
June 2019 |
June 2019 |
June 2019 |
| Step Up Margins |
100bp |
160bp |
270bp |
330bp |
200bp |
| Principal Determination Dates |
Last business day of May, August, November, February |
| Quarterly Interest Payment Dates |
15 June, 15 September, 15 December, 15 March |
| Lead Managers |
Lloyds Bank PLC, 25 Gresham Street, London, EC2V 7HN
Macquarie Bank Limited, London Branch, Ropemaker Place, 28 Ropemaker Street, London EC2Y 9HD
Morgan Stanley & Co. International PLC, 25 Cabot Square, Canary Wharf, London E14 4QA
Natixis, 30 avenue Pierre, Mendes-France 75013 Paris |
| Administrator |
Paragon Mortgages (2010) Limited, 51 Homer Road, Solihull, West Midlands, B91 3QJ |
| Trustee |
Citicorp Trustee Company Limited, Citigroup Centre, Canada Square, Canary Wharf, London, E14 5LB |
| Rating Agencies |
Fitch Ratings Limited, 30 North Colonnade, London E14 5GN
Moody's Investors Service Limited, One Canada Square, Canary Wharf, London, E14 5FA |
| Principal Paying / Reference Agent |
Citibank, N.A., London Branch, Citigroup Centre, 21st Floor, Canada Square, Canary Wharf, London, E14 5LB |
| Legal Advisors to the Issuer/Administrators |
Clifford Chance LLP, 10 Upper Bank Street, Canary Wharf, London, E14 5JJ |
| Legal Advisors to the Lead Managers |
Simmons & Simmons LLP, City Point, One Ropemaker Street, London EC2Y 9SS |
| Legal Advisors to the Trustee |
Simmons & Simmons LLP, City Point, One Ropemaker Street, London EC2Y 9SS |
| Auditors to the Issuer |
KPMG, One Snowhill, Snowhill Queensway, Birmingham, B4 6GH |
| Underlying Assets |
Investment Home Loans |
| Subordinated Loan Provider |
Paragon Finance PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ |
| Substitute Administrator |
Homeloan Management Limited, The Pavilions, Bridgwater Road, Bristol, BS13 8AE |
| Substitute Administrator Facilitator |
Structured Finance Management Limited, 35 Great St. Helen's, London, EC3A 6AP |
| Basis Hedge Providers |
Macquarie Bank Limited, London Branch, Ropemaker Place, 28 Ropemaker Street, London EC2Y 9HD
Lloyds Bank PLC, 10 Gresham Street, London EC2V 7AE |
| Current Swap Provider |
BNP Paribas, 16 Boulevard des Italiens, 75009 Paris, France |