Housing Assn Funding CORRECTION: Notice to Noteholders

 
TIDM32EK 
 
THIS NOTICE IS A REPLACEMENT OF THE NOTICE DATED 7 DECEMBER 2018 WITH THE 
                       HEADLINE "Notice to Noteholders". 
 
THE COLUMN IN THE TABLE BELOW MARKED "New Principal Amount Outstanding per GBP100 
               after redemption" HAS BEEN UPDATED FOR ACCURACY. 
 
 THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. 
IF NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD 
 SEEK THEIR OWN FINANCIAL, LEGAL OR OTHER PROFESSIONAL ADVICE, INCLUDING AS TO 
ANY TAX CONSEQUENCES, IMMEDIATELY FROM THEIR STOCKBROKER, SOLICITOR, ACCOUNTANT 
      OR OTHER INDEPENDENT FINANCIAL, LEGAL OR OTHER PROFESSIONAL ADVISER 
 
 If you have recently sold or otherwise transferred your entire holding(s) of 
 the Notes referred to below, you should immediately forward this document to 
the purchaser or transferee or to the broker, bank or other agent through whom 
    the sale or transfer was effected for transmission to the purchaser or 
                                  transferee. 
 
                             NOTICE TO NOTEHOLDERS 
 
To the holders of the GBP192,270,000 8.25 per cent. Secured Loan-Backed Notes due 
                         June 2027 ISIN: XS0073407537 
 
                                 (the "Notes") 
 
                   issued by Housing Association Funding PLC 
 
                                (the "Issuer") 
 
Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 
April 2014 (Market Abuse Regulation) requires disclosure by or on behalf of the 
Issuer of any inside information concerning the Issuer. 
 
Capitalised terms used but not otherwise defined herein shall have the meanings 
ascribed to them in the master schedule of definitions, interpretation and 
construction clauses dated 23 January 1997, as amended and restated on 30 
January 1998, as amended and restated on 23 December 1999, as amended and 
restated on 29 June 2005, as amended and restated on 7 December 2009, as 
amended and restated on 11 February 2010 and as further amended and restated on 
31 January 2017. 
 
Please disregard the notice dated 7 December 2018 as the amortisation table was 
not correctly reflected. Please regard this notice as the accurate notice on 
all matters contained herein. 
 
Partial Redemption occurring on the December 2018 IPD 
 
We refer to the notice of the Issuer dated 5 December in which the Issuer 
informed Noteholders that it received funds from Paradigm Homes Charitable 
Housing Association Limited (formerly Chiltern Hundreds Housing Association 
Limited) in relation to the prepayment of its loan. 
 
Pursuant to the Supplemental Trust Deed, the amount of the prepayment was, as 
is required, applied to partially redeem the Notes and pay Noteholders on the 
Interest Payment Date (as defined in the Trust Deed) falling in December 2018 
(the "December 2018 IPD") in accordance with the terms of the Transaction 
Documents as follows (the "December 2018 Redemption"): 
 
  * GBP3,142,030.52 was applied to redeem the Notes.This amount forms part of the 
    total principal amount due and payable and which was applied to redeem the 
    Notes on the December 2018 IPD of GBP5,997,484.34; 
 
  * GBP129,608.76 was applied in payment of interest due and payable in respect 
    of the Notes.This amount forms part of the total interest amount due and 
    payable and which was applied in respect of the Notes on the December 2018 
    IPD of GBP3,185,215.38; 
 
  * GBP1,018,738.25 was applied in payment of the Prepayment Premium; and 
 
  * GBP76,341.25 was or will be applied in repayment of outstanding fees, costs 
    and expenses incurred by the transaction parties; 
 
The Issuer wishes to inform Noteholders following the December 2018 Redemption, 
that the column headed "Principal Amount to be redeemed per GBP100" and the 
column headed "Principal Amount Outstanding Per GBP100 After Redemption", in each 
case set out under the heading Mandatory Amortising Redemption at Condition 5 
(b) of the Notes shall be adjusted pursuant Condition 5(b) of the Notes.  This 
follows the adjustment set out in a notice to Noteholders dated 7 December 
2017.  The figures in the column headed Principal Amount to be Redeemed per GBP 
100 shall be replaced with the figures in the column headed "New Principal to 
be Redeemed per GBP100" and the figures in the column headed and the column 
headed "Principal Amount Outstanding Per GBP100 After Redemption" shall be 
replaced with the figures in the column headed "New Principal Amount 
Outstanding per GBP100 after redemption", in each case, as set out below: 
 
   Interest       Previous    New Principal  Previous Principal New Principal 
 Payment Date   Principal to  to be redeemed Amount Outstanding     Amount 
                 be redeemed     per GBP100      per GBP100 after    Outstanding 
                  per GBP100                       redemption     per GBP100 after 
                                                                  redemption 
 
7 December 2018  1.71423780     3.11930324          42.75599641  37.04158645 
 
7 June 2019      1.78495011     1.54638856          40.97104631  35.49519789 
 
7 December 2019  1.85857931     1.61017709          39.11246700  33.88502079 
 
7 June 2020      1.93524570     1.67659689          37.17722131  32.20842390 
 
7 December 2020  2.01507458     1.74575651          35.16214673  30.46266739 
 
7 June 2021      2.09819642     1.81776898          33.06395031  28.64489841 
 
7 December 2021  2.18474701     1.89275194          30.87920330  26.75214647 
 
7 June 2022      2.27486782     1.97082796          28.60433547  24.78131851 
 
7 December 2022  2.36870613     2.05212462          26.23562935  22.72919389 
 
7 June 2023      2.46641525     2.13677475          23.76921410  20.59241914 
 
7 December 2023  2.56815488     2.22491672          21.20105922  18.36750242 
 
7 June 2024      2.67409127     2.31669453          18.52696795  16.05080789 
 
7 December 2024  2.78439754     2.41225818          15.74257041  13.63854972 
 
7 June 2025      2.89925393     2.51176383          12.84331648  11.12678589 
 
7 December 2025  3.01884816     2.61537409           9.82446832   8.51141180 
 
7 June 2026      3.14337564     2.72325827           6.68109267   5.78815354 
 
7 December 2026  3.27303989     2.83559267           3.40805278   2.95256087 
 
7 June 2027      3.40805278     2.95256087           0.00000000   0.00000000 
 
Queries may be addressed to the Issuer as follows: 
 
Housing Association Funding PLC: 
 
Address:                 6th Floor, 65 Gresham Street, London, United Kingdom, 
EC2V 7NQ 
 
Attention:               The Directors 
 
Telephone:             + 44 207 7397 6372 
 
Email:                    spvservices@linkgroup.co.uk 
 
HOUSING ASSOCIATION FUNDING PLC 
 
13 December 2018 
 
 
 
END
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