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Paragon Mortgages (No.27) PLC - April 2020

Issuer Paragon Mortgages (No.27) PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Closing Date 30 April 2020
Originators Paragon Mortgages (2010) Limited, 51 Homer Road, Solihull, West Midlands, B91 3QJ (Not rated)
Paragon Bank PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ (Not rated)
Notes Issued Class A Notes Class B Notes Class C Notes Class D Notes Class Z Notes Class S VFN Notes RC1a Residual Certificates RC1b Residual Certificates RC2a Residual Certificates RC2b Residual Certificates
Original Rating (Fitch/Moody’s) AAA/Aaa AA/Aa1 A/Aa3 BBB/Baa1 Unrated Unrated Unrated Unrated Unrated Unrated
Current Rating (Fitch/Moody’s) AAA/Aaa AA/Aa1 A/Aa3 BBB/Baa1 Unrated Unrated Unrated Unrated Unrated Unrated
Original Notes £648,307,000 £41,826,000 £22,814,000 £22,814,000 £24,717,000 £4,175,000 N/A N/A N/A N/A
Note Denominations £100,000 £100,000 £100,000 £100,000 £100,000 £100,000 N/A N/A N/A N/A
Current Margins 110bp 150bp 180bp 210bp 310bp 400bp N/A N/A N/A N/A
Step Up / Call Option Dates October 2025 October 2025 October 2025 October 2025 N/A N/A N/A N/A N/A N/A
Step Up Margins 165bp 225bp 270bp 310bp N/A N/A N/A N/A N/A N/A
Principal Determination Dates Last business day of June, September, December, March
Quarterly Interest Payment Dates 15 July, 15 October, 15 January, 15 April
Arrangers Lloyds Bank Corporate Markets Plc, 25 Gresham Street, London, EC2V 7HN Ratings: Fitch (A+) / Moody’s (A1) / S&P (A)
BofA Securities, 2 King Edward Street, London EC1A 1HQ Ratings: Fitch (AA-) / Moody’s (-) / S&P (A+)
Administrators Paragon Mortgages (2010) Limited, 51 Homer Road, Solihull, West Midlands, B91 3QJ (Not Rated
Paragon Bank PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ (Not Rated)
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 Ratings: Fitch (A+) / Moody’s (Aa3) / S&P (A+)
Legal Advisors to the Issuer/Administrator Clifford Chance LLP, 10 Upper Bank Street, Canary Wharf, London, E14 5JJ
Legal Advisors to the Arrangers Allen & Overy LLP, 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 (Not Rated)
Paragon Bank PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ (Not Rated)
Retention Undertaking Paragon Bank PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ (Not Rated) as an originator will retain a material net economic interest of at least 5 per cent. in the securitisation as required by Article 6 of Regulation (EU) 2017/2042 (the “Securitisation Regulation”) which, does not take into account any corresponding national measures.
Substitute Administrator Homeloan Management Limited, The Pavilions, Bridgwater Road, Bristol, BS13 8AE (Not rated)
Substitute Administrator Facilitator Maples Fiduciary Services (UK) Limited, 11th Floor, Aldersgate Street, London, EC1A 4HD (Not Rated)
Basis Hedge Provider Lloyds Bank Corporate Markets PLC, 25 Gresham Street, London EC2V 7AE  Ratings: Fitch (A+) / Moody’s (A1) / S&P (A)