24th Mar 2026 09:45
24 March 2026
BRACCAN MORTGAGE FUNDING 2026-1 PLC
ISSUE OF SERIES 2026-1 £382,500,000 CLASS A MORTGAGE BACKED FLOATING RATE NOTES DUE APRIL 2068, £21,250,000 CLASS B MORTGAGE BACKED FLOATING RATE NOTES DUE APRIL 2068, £12,750,000 CLASS C MORTGAGE BACKED FLOATING RATE NOTES DUE APRIL 2068, £8,500,000 CLASS D MORTGAGE BACKED FLOATING RATE NOTES DUE APRIL 2068, £10,625,000 CLASS X FLOATING RATE NOTES DUE APRIL 2068 AND £850,000 CLASS Z NOTES DUE APRIL 2068
On 24 March 2026, Braccan Mortgage Funding 2026-1 plc (the "Issuer") issued £382,500,000 Class A floating rate notes due April 2068, £21,250,000 Class B floating rate notes due April 2068, £12,750,000 Class C floating rate notes due 2068, £8,500,000 Class D floating rate notes due April 2068, £10,625,000 Class X floating rate notes due April 2068, and £850,000 Class Z notes due April 2068 (together, the "Notes"). The Notes were constituted by a trust deed dated on 24 March 2026. The Notes are to be admitted to trading on the London Stock Exchange's main market and to the Official List. The prospectus for this issuance has been approved by the Financial Conduct Authority.
The Prospectus in respect of the Notes have been filed with the Financial Conduct Authority and are available for viewing.
To view the Prospectus, please paste the following URL into the address bar of your browser. https://data.fca.org.uk/artefacts/NSM/DirectUpload/NI-000141444/NI-000141444.pdf
A copy of the above Prospectus has been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
DISCLAIMER - INTENDED ADDRESSEES
IMPORTANT: You must read the following before continuing: The following applies to the Prospectus dated 20 March 2026 available by clicking on the link above (the "Prospectus", which expression includes the documents incorporated by reference therein) and you are therefore advised to read this carefully before reading, accessing or making any other use of the Prospectus. In accessing the Prospectus, you agree to be bound by the following terms and conditions, including any modifications to them, any time you receive any information from us as a result of such access.
NOTHING IN THIS ELECTRONIC PUBLICATION CONSTITUTES AN INVITATION OR OFFER TO SELL, OR THE SOLICITATION OF AN INVITATION OR OFFER TO BUY, ANY SECURITIES IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. THE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE SECURITIES ACT, OR THE SECURITIES LAWS OR "BLUE SKY" LAWS OF ANY STATE OR OTHER JURISDICTION OF THE UNITED STATES, AND THE SECURITIES MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, "U.S. PERSONS" (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT), EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND ANY APPLICABLE STATE OR LOCAL SECURITIES LAWS.
THE PROSPECTUS MAY NOT BE FORWARDED OR DISTRIBUTED TO ANY OTHER PERSON AND MAY NOT BE REPRODUCED IN ANY MANNER WHATSOEVER. ANY FORWARDING, DISTRIBUTION OR REPRODUCTION OF THIS DOCUMENT IN WHOLE OR IN PART IS UNAUTHORISED. FAILURE TO COMPLY WITH THIS DIRECTIVE MAY RESULT IN A VIOLATION OF THE SECURITIES ACT OR THE APPLICABLE LAWS OF OTHER JURISDICTIONS.
Please note that the information contained in the Prospectus may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Prospectus) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the Prospectus is not addressed. Prior to relying on the information contained in the Prospectus you must ascertain from the Prospectus whether or not you are part of the intended addressees of the information contained therein.
CONFIRMATION OF YOUR REPRESENTATION: By accessing the Prospectus, you shall be deemed to have confirmed and represented to us that (a) you have understood and agree to the terms set out herein, (b) you consent to delivery of the prospectus by electronic publication, (c) you are either (i) not a U.S. Person or acting for the account or benefit of a U.S. Person, and the electronic mail address that you have given to us and to which this e-mail has been delivered is not located in the United States or its territories and possessions (including Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands) or the District of Columbia or (ii) a Qualified Institutional Buyer, in each case acting for your own account or for the account of one or more qualified institutional buyers and (d) if you are a person in the United Kingdom, then you (i) are persons falling within the categories of "Investment Professionals" as defined in article 19(5) of the Financial Services and Markets Act (Financial Promotion) order 2005, as amended (the "Financial Promotion Order"), (ii) are persons falling within article 49(2) (high net worth companies, unincorporated associations, wtc.) of the financial promotion order.
You are reminded that the Prospectus has been made available to you on the basis that you are a person into whose possession the Prospectus may be lawfully delivered in accordance with the laws of the jurisdiction in which you are located and you may not, nor are you authorised to, deliver the Prospectus to any other person.
The Prospectus does not constitute an offer of, or an invitation by or on behalf of, the Issuer, the Retention Holder, the Servicer, the Seller, the Originator, the Corporate Services Provider, the Back-Up Servicer Facilitator, the Note Trustee, the Security Trustee, the Cash Manager, the Issuer Account Bank, the Agents, the Joint Lead Managers, the Joint Arrangers, the Co-Manager (all as described in the Prospectus) or any of them to subscribe for or purchase any of the notes in any jurisdiction where such action would be unlawful and neither the Prospectus, nor any part thereof, may be used for or in connection with any offer to, or solicitation by, any person in any jurisdiction or in any circumstances in which such offer or solicitation is not authorised or to any person to whom it is unlawful to make such offer or solicitation.
The Prospectus has been sent to you in an electronic form. You are reminded that documents transmitted via this medium may be altered or changed during the process of electronic transmission and consequently none of Braccan Mortgage Funding 2026-1 plc, Paratus AMC Limited, Barclays Bank Plc, BNP Paribas, Deutsche Bank AG, London Branch, Lloyds Bank Corporate Markets plc, NATIXIS, RBC Europe Limited, SMBC Bank International plc nor any person who controls any such person nor any director, officer, employee or agent of any such person or affiliate of any such person accepts any liability or responsibility whatsoever in respect of any difference between the Prospectus distributed to you in electronic format and the hard copy version that is available to you on request from Barclays Bank Plc, BNP Paribas, Deutsche Bank AG, London Branch, Lloyds Bank Corporate Markets plc, NATIXIS, RBC Europe Limited or SMBC Bank International plc.