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Green Bond

On 25 March 2021, Paragon Banking Group PLC issued £150 million Fixed Rate Reset Callable Subordinated Tier 2 Notes due September 2031 with an initial semi-annual coupon of 4.375%.

The issuer can call option on any day (from and including) 25 June 2026 to (and including) the 25 September 2026.

The bonds pay a fixed rate of interest of 4.375% per annum, payable twice yearly on 25 March and 25 September of each year from 25 September 2021 up to but excluding 25 September 2026. The interest rate will then reset to the five year benchmark gilt rate plus 3.956% if the bonds are not called.

The bonds are listed on the Official List of the Financial Conduct Authority and have been admitted to trading on the Main Market of the London Stock Exchange and the Sustainable Bond Market of the London Stock Exchange.

Corporate bonds