Paragon Bank publishes supplement to £5 billion covered bond program

Published 22/07/2025, 09:04
Paragon Bank publishes supplement to £5 billion covered bond program

LONDON - Paragon Bank PLC announced on Tuesday it has published a supplementary prospectus to its £5,000,000,000 Covered Bond Programme after receiving approval from the Financial Conduct Authority.

The supplement, dated July 22, 2025, incorporates Paragon Banking Group PLC’s unaudited half-year financial statements for the six months ended March 31, 2025, according to a company press release.

The document is intended to be read alongside the base prospectus dated February 24, 2025, and is available on the company’s website and at its headquarters in Solihull, West Midlands.

The supplement has also been submitted to the National Storage Mechanism and will soon be accessible through the Financial Conduct Authority’s data portal.

Paragon Bank noted that information in both the prospectus and supplement may be addressed to residents of specific countries only, as detailed in the prospectus itself, and is not intended for use by persons outside these designated countries or those to whom the offer is not addressed.

The covered bond program represents one of Paragon Bank’s funding mechanisms in the UK financial market. The bank operates as part of Paragon Banking Group, which provides various banking and financial services.

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