Interest payment announcement
30 September 2024
LEI: 98450046C4Z35AF35258
Propifi Bonds plc (the "Isser")
Interest payments on notes issued under the Issuer's
£5,000,000,000 medium-term note programme (the "Programme")
2020-F1 GBP secured 8.1% notes due 2025 GB00BLB0B914
2020-F1 USD secured 8.1% notes due 2025 GB00BKPRZZ59
2021-F1 EUR secured 8.1% notes due 2026 GB00BNC5TT55
2022-F1 GBP secured fixed-rate notes due 2028 GB00BMFXJ441
2022-F1 USD secured fixed-rate notes due 2028 GB00BMFXJ557
2022-F1 EUR secured fixed-rate notes due 2028 GB00BMFXJ334
(together, the "Notes")
Payment of due interest was made to holders of the Notes on the Interest Payment Date of 30 September 2024. These payments and the payment of interest due to holders of Notes on all preceding Interest Payment Dates are set out in the table below.
Capitalised terms not defined here have the meanings given to them in the conditions applicable to the notes of the series described above.
| ISIN | GB00BLB0B914 | GB00BKPRZZ59 | GB00BNC5TT55 | GB00BMFXJ441 | GB00BMFXJ557 | GB00BMFXJ334 |
| Calculation Amount | £100,000.00 | $100,000.00 | €100,000.00 | £100,000.00 | $100,000.00 | €100,000.00 |
| Issue Date: | 02-Sep-2020 | 26-Nov-2020 | 16-Mar-2021 | 10-Jan-2023 | 10-Jan-2023 | 10-Jan-2023 |
| Link to listing |
| Interest Payment Date | Fixed Coupon Amount paid (per Calculation Amount) | |||||
| 31 Dec 2020 | £2,646.37 | $776.71 | n/a | n/a | n/a | n/a |
| 31 Mar 2021 | £2,025.00 | $2,025.00 | €355.04 | n/a | n/a | n/a |
| 30 Jun 2021 | £2,025.00 | $2,025.00 | €2,025.00 | n/a | n/a | n/a |
| 30 Sep 2021 | £2,025.00 | $2,025.00 | €2,025.00 | n/a | n/a | n/a |
| 31 Dec 2021 | £2,025.00 | $2,025.00 | €2,025.00 | n/a | n/a | n/a |
| 31 Mar 2022 | £2,025.00 | $2,025.00 | €2,025.00 | n/a | n/a | n/a |
| 30 Jun 2022 | £2,025.00 | $2,025.00 | €2,025.00 | n/a | n/a | n/a |
| 30 Sep 2022 | £2,025.00 | $2,025.00 | €2,025.00 | n/a | n/a | n/a |
| 31 Dec 2022 | £2,025.00 | $2,025.00 | €2,025.00 | n/a | n/a | n/a |
| 31 Mar 2023 | £2,025.00 | $2,025.00 | €2,025.00 | £1,797.00 | $1,797.00 | €1,797.00 |
| 30 Jun 2023 | £2,025.00 | $2,025.00 | €2,025.00 | £2,525.00 | $2,525.00 | €2,525.00 |
| 30 Sep 2023 | £2,025.00 | $2,025.00 | €2,025.00 | £2,525.00 | $2,525.00 | €2,525.00 |
| 30 Dec 2023 | £2,025.00 | $2,025.00 | €2,025.00 | £2,525.00 | $2,525.00 | €2,525.00 |
| 31 Mar 2024 | £2,025.00 | $2,025.00 | €2,025.00 | £2,525.00 | $2,525.00 | €2,525.00 |
| 30 Jun 2024 | £2,025.00 | $2,025.00 | €2,025.00 | £2,275.00 | $2,275.00 | €2,275.00 |
| 30 Sep 2024 | £2,025.00 | $2,025.00 | €2,025.00 | £2,275.00 | $2,275.00 | €2,275.00 |
Please click to access the Programme Listing Particulars and the pricing supplements for the above series from propifibonds.co.uk.
Change to rate of interest of notes due 2028
As announced in July 2023, changes were made to the Rate of Interest of the three series of notes due in 2028 (GBP: GB00BMFXJ441, USD: GB00BMFXJ557, EUR: GB00BMFXJ334). The Rate of Interest for these three series was revised to:
For the period starting on 12 Jan 2023 ending 31 Mar 2023: 8.1 per cent per annum;
for the period starting on 1 Apr 2023 and ending 31 Mar 2024: 10.1 per cent per annum;
for the period starting on 1 Apr 2024 and ending 31 Mar 2025: 9.1 per cent per annum;
for the period starting 1 Apr 2025 to the Maturity Date: 8.1 per cent per annum;
payable in arrear on each Interest Payment Date.
Regulatory and payment announcements
Propifi Bonds plc publishes a quarterly announcement of interest payments for all series in issue using the Regulatory News Service (RNS) of the London Stock Exchange. A record of these announcements is maintained by the UK financial regulator the Financial Conduct Authority (FCA) in the National Storage Mechanism (NSM).
Each previous announcement is listed below with corresponding links to the FCA website.
| RNS ID | Announcement |
| 4585E | |
| 9280Z | |
| 9634G | |
| 2267R | |
| 0477B | |
| 7044L | |
| 1415V | |
| 7913E | |
| 7917E | |
| 4241O | |
| 2606Y | |
| 8725J | |
| 8700U |
All payments due to noteholders under the Programme have been made in full since the Programme's launch in 2020. There have been no Events of Default under any series of notes issued by Propifi Bonds plc.
Propifi Capital Ltd
The proceeds of investment in the notes are loaned to Propifi Capital Ltd for the making of bridging loans. Propifi Capital specialises in issuing secured first-charge bridging loans to commercial property developers in the UK, with a particular focus on assisted living, retirement and social housing. These markets face a significant supply shortage.
Truva Corp
Truva Corp id the trustee of the Notes. Truva is a professional provider of trustee and capital markets administrative services. Truva works with corporate clients, specialist lenders and asset managers to develop structures that enable the raising of capital.
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