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Paragon Mortgages (No.25) PLC - April 2018

Issuer Paragon Mortgages (No.25)  PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Closing Date 26 April 2018
Originator Paragon Mortgages (2010) Limited, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Paragon Bank PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Notes Issued Class A Notes Class B Notes Class C Notes Class D Notes Class Z Notes Class S Notes Class S VFN Notes RC1a Residual Certificates RC1b Residual Certificates RC2a Residual Certificates RC2b Residual Certificates
Original Rating (Fitch/Moody's) AAA/Aaa AAA/Aa1 A-/A1 BBB-/Baa1 Unrated Unrated Unrated Unrated Unrated Unrated Unrated
Current Rating (Fitch/Moody's) AAA/Aaa AAA/Aa1 A-/A1 BBB-/Baa1 Unrated Unrated Unrated Unrated Unrated Unrated Unrated
Original Notes £600,000,000 £33,500,000 £30,000,000 £24,700,000 £17,648,000 £10,923,000 £7,952,955 N/A N/A N/A N/A
Note Denominations £100,000 £100,000 £100,000 £100,000 £100,000 £100,000 £100,000 N/A N/A N/A N/A
Current Margins 65bp 95bp 130bp 160bp 260bp 400bp 400bp N/A N/A N/A N/A
Step Up / Call Option Dates May 2023 May 2023 May 2023 May 2023 N/A N/A N/A N/A N/A N/A N/A
Step Up Margins 97.5bp 142.5bp 195bp 240bp N/A N/A N/A N/A N/A N/A N/A
Principal Determination Dates Last business day of July, October, January, April
Quarterly Interest Payment Dates 15 August, 15 November, 15 February, 15 May
Lead Managers Lloyds Bank PLC, 25 Gresham Street, London, EC2V 7HN
Morgan Stanley & Co. International PLC, 25 Cabot Square, Canary Wharf, London E14 4QA
Merrill Lynch International, 2 King Edward Street, London EC1A 1HQ
Administrator Paragon Mortgages (2010) Limited, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Paragon Bank PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Trustee Citicorp Trustee Company Limited, Citigroup Centre, Canada Square, Canary Wharf, London, E14 5LB
Rating Agencies Fitch Ratings Limited, 30 North Colonnade, London E14 5GN
Moody's Investors Service Limited, One Canada Square, Canary Wharf, London, E14 5FA
Principal Paying / Reference Agent Citibank, N.A., London Branch, Citigroup Centre, 21st Floor, Canada Square, Canary Wharf, London, E14 5LB
Legal Advisors to the Issuer/Administrators Clifford Chance LLP, 10 Upper Bank Street, Canary Wharf, London, E14 5JJ
Legal Advisors to the Lead Managers Allen & Overy, 1 Bishops Square, London E1 6AD
Legal Advisors to the Trustee Simmons & Simmons LLP, City Point, One Ropemaker Street, London EC2Y 9SS
Auditors to the Issuer KPMG LLP, 15 Canada Square, London E14 5GL
Underlying Assets Investment Home Loans
Residual Certificates Holders Paragon Mortgages (2010) Limited, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Paragon Bank PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Substitute Administrator Homeloan Management Limited, The Pavilions, Bridgwater Road, Bristol, BS13 8AE
Substitute Administrator Facilitator Intertrust Management Limited, 35 Great St. Helen’s, London, EC3A 6AP
Basis Hedge Providers Lloyds Bank PLC, 10 Gresham Street, London EC2V 7AE