TIDM51NF TIDM51NF TIDM94BK TIDM62TO TIDM68TX

RNS Number : 3929D

Blend Funding PLC

27 October 2020

NOT FOR DISTRIBUTION TO ANY U.S. PERSON OR TO ANY PERSON OR ADDRESS IN THE U.S.

bLEND Funding PLC

GBP2,000,000,000 Secured Euro Medium Term Note Programme

bLEND Funding plc (Blend) is pleased to announce the addition of a new borrower to the pool of Housing Association borrowers. Details of all borrowers are set out on the Blend website https://blendfundingplc.com/

Following a GBP250million tap of Blend's 2.922% Notes due April 2054 in October 2020, GBP100million of the bonds retained by the issuer were sold to investors under forward purchase agreements for settlement in 6 months' and 12 months' time. The issuer retained a balance of GBP50million of the bonds.

Subject to market conditions, Blend intends to sell in the coming days c.GBP30million out of the GBP50million of retained bonds on a Spot Sale basis and will retain the c.GBP20million balance to be sold at a future date. Future sales may be agreed on the basis of a Forward Sale with settlement of up to 12 months.

bLEND Funding Plc is a wholly owned subsidiary of The Housing Finance Corporation Limited.

For further information please contact Piers Williamson or Fenella Edge on 020 7337 9920.

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October 27, 2020 13:10 ET (17:10 GMT)

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