TIDM31TE
RNS Number : 5997K
Preferred Residential Securities 8
18 July 2011
THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF
NOTEHOLDERS. IF NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY
SHOULD TAKE, THEY SHOULD SEEK THEIR OWN FINANCIAL AND LEGAL ADVICE,
INCLUDING AS TO ANY TAX CONSEQUENCES, IMMEDIATELY FROM THEIR
STOCKBROKER, SOLICITOR, ACCOUNTANT OR OTHER INDEPENDENT FINANCIAL
OR LEGAL ADVISER.
IMPORTANT NOTICE TO THE HOLDERS OF THE
Class A1a1 GBP181,000,000 mortgage backed floating rate notes
due 2042
(the "Class A1a1 Notes") (Rule 144A ISIN: US740370AA82 CUSIP:
7403780AA8
Reg S ISIN: XS0198309691) with detachable A Coupons due 2007
(Reg S ISIN: XS0198486473)
Class A1a2 GBP100,000,000 mortgage backed floating rate notes
due 2042
(the "Class A1a2 Notes") (Rule 144A ISIN: US740380AB65 CUSIP:
740380AB6
Reg S ISIN: XS0198313024) with detachable A Coupons due 2007
(Reg S ISIN: XS0198486473)
Class A1b $100,000,000 mortgage backed floating rate notes due
2042
(the "Class A1b Notes") (Rule 144A ISIN: US740380AG52 CUSIP:
740380AG5
Reg S ISIN: XS0198313610)
Class A1c EUR100,000,000 mortgage backed floating rate notes due
2042
(the "Class A1c Notes") (Rule 144A ISIN: US740380AL48 CUSIP:
740380AL4
Reg S ISIN: XS0198318171)
Class B1a GBP18,500,000 mortgage backed floating rate notes due
2042
(the "Class B1a Notes") (Rule 144A ISIN: US740380AC49 CUSIP:
740380AC4
Reg S ISIN: XS0198318411)
Class B1c EUR8,500,000 mortgage backed floating rate notes due
2042
(the "Class B1c Notes") (Rule 144A ISIN: US740380AM21 CUSIP:
740380AM2
Reg S ISIN: XS0198318841)
Class C1a GBP5,900,000 mortgage backed floating rate notes due
2042
(the "Class C1a Notes") (Rule 144A ISIN: US740380AD22 CUSIP:
740380AD2
Reg S ISIN: XS0198319062)
Class C1c EUR5,000,000 mortgage backed floating rate notes due
2042
(the "Class C1c Notes") (Rule 144A ISIN: US740380AN04 CUSIP:
740380AN0
Reg S ISIN: XS0198319229)
Class D1a GBP16,200,000 mortgage backed floating rate notes due
2042
(the "Class D1a Notes") (Rule 144A ISIN: US740380AE05 CUSIP:
740380AE0
Reg S ISIN: XS0198319575)
Class D1c EUR5,000,000 mortgage backed floating rate notes due
2042
(the "Class D1c Notes") (Rule 144A ISIN: US740380AP51 CUSIP:
740380AP0
Reg S ISIN: XS0198319906)
Class E GBP4,600,000 mortgage backed floating rate notes due
2042
(the "Class E Notes") (Rule 144A ISIN: US740380AF79 CUSIP:
740380AF7
Reg S ISIN: XS0198320409)
issued by
Preferred Residential Securities 8 PLC
(the "Issuer")
on or about 13 August 2004
The Class A1a1 Notes, Class A1a2 Notes, Class A1b Notes, Class
A1c Notes, Class B1a Notes, Class B1c Notes, Class C1a Notes, Class
C1c Notes, Class D1a Notes, Class D1c Notes and Class E Notes are
together referred to as the "Notes".
Capitalised terms used but not otherwise defined herein shall
have the meanings ascribed to them in the Terms and Conditions of
the Notes set out in the Trust Deed (the "Trust Deed") dated 13
August 2004 (as amended) and entered into between the Issuer and
BNY Corporate Trustee Services Limited (now known as BNY Mellon
Corporate Trustee Services Limited) (the "Trustee") and the master
definitions schedule (the "Master Definitions Schedule") dated 13
August 2004.
We refer to a letter from Lloyds TSB Bank plc (the "Liquidity
Facility Provider") to the Issuer dated 29 June 2011 (the
"Increased Costs Letter").
The Liquidity Facility Provider certified in the Increased Costs
Letter that, pursuant to Clause 10 (Changes in Circumstances) of
the Liquidity Facility Agreement, it is making a claim for
increased costs based on a change in the regulatory treatment for
the Liquidity Facility Provider providing the Liquidity Facility.
The Liquidity Facility Provider further confirmed that the increase
in costs is necessary to provide the same economic return under the
Basle II Capital Accord as before S&P's rating downgrade action
of 17 June 2011, when the most senior class of notes was lowered to
AA (sf).
The Liquidity Facility Provider further certified that the
commitment fee per annum calculated by the Liquidity Facility
Provider will be increased from 0.2992% per annum to 0.3098% per
annum.
Queries may be addressed to the Issuer as follows:
Preferred Residential Securities 8 PLC
c/o Wilmington Trust SP Services (London) Limited
Third Floor
1 Kings Arms Yard
London EC2R 7AF
Attention: Martin McDermott/Mark Filer
Telephone: +44 (0)207 397 3600
Fax: +44 (0)207 397 3601
e-mail:
MMcDermott@WilmingtonTrust.com/MFiler@WilmingtonTrust.com
Ref: Preferred Residential Securities 8 PLC
This Notice is given by the Issuer.
15 July 2011
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEASXPFFXFEFF
Ang.w.s.f.26 (LSE:31TE)
Historical Stock Chart
From May 2024 to Jun 2024
Ang.w.s.f.26 (LSE:31TE)
Historical Stock Chart
From Jun 2023 to Jun 2024
