Mitsubishi HC Capital UK notes interest rate amendment for series 945 FRN
Mitsubishi HC Capital UK Plc has set an amended variable interest rate for its Series 945 floating-rate notes for the period running from Aug. 7, 2026 to Nov. 9, 2026. The update fixes the total rate at 1.5324% and sets the interest payment due on the Nov. 9, 2026 value date at JPY 7,892,910.
Highlights
- Mitsubishi HC Capital UK Plc's Series 945 FRN (XS3074135230) will reset to a total rate of 1.5324% for the interest period August 7 to November 9, 2026.
- The benchmark rate is 1.0824% plus a 0.45% margin, floor at 0%, affecting 94 days on an Actual/365 Fixed basis with quarterly payments.
- Total interest payable is JPY 7,892,910, with JPY 3.946455 per JPY 1,000; pool factor remains at 1, confirming no principal reduction.
Rate reset details for the quarterly period
As reported by London Stock Exchange, the rate determination applies to Mitsubishi HC Capital UK Plc's Series 945 issue, identified as XS3074135230, under a care amendment notice published on Nov. 4, 2026.The notice states that the benchmark rate is 1.0824% and the margin is 0.45%, producing a total rate of 1.5324%. The floor remains at 0%, while the calculation covers 94 days on an Actual/365 Fixed basis.
The interest period starts on Aug. 7, 2026 and ends on Nov. 9, 2026. The record date is Nov. 4, 2026 and the value date is Nov. 9, 2026, with interest paid on a quarterly frequency.
Payment amount and noteholder implications
Total interest due for the period is JPY 7,892,910, and the interest amount per JPY 1,000 is set at JPY 3.946455. The pool factor is listed as 1, indicating no reduction in principal balance for the calculation.For investors in the UK-listed security, the amendment provides the operative coupon terms for the current payment cycle and clarifies the amount payable for this floating-rate note period.
In our earlier article on the UK’s push for IMF-backed deficit reduction ahead of the October Budget, we outlined Chancellor John Healey’s plan to stick with fiscal discipline while trying to support growth. We also noted that August GDP unexpectedly rose 0.1%, underscoring modest resilience as policymakers weigh the trade-offs between debt reduction, inflation risks, and maintaining investor confidence.
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