TIDM31TE
RNS Number : 8610Q
Preferred Residential Securities 8
26 October 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.
PREFERRED RESIDENTIAL SECURITIES 8 PLC
(the Issuer or the Transaction, as applicable)
Class A1a1 GBP181,000,000 mortgage backed floating rate notes
due 2042
(ISIN: XS0198309691 Common Code:019830969) (the Class A1a1
Notes)
Class A1a2 GBP100,000,000 mortgage backed floating rate notes
due 2042
(ISIN: XS0198313024 Common Code:019831302) (the Class A1a2
Notes)
Class A1b U.S.$100,000,000 mortgage backed floating rate notes
due 2042
(ISIN: XS0198313610 Common Code:019831361) (the Class A1b
Notes)
Class A1c EUR100,000,000 mortgage backed floating rate notes due
2042
(ISIN: XS0198318171 Common Code:019831817) (the Class A1c
Notes)
Class B1a GBP18,500,000 mortgage backed floating rate notes due
2042
(ISIN: XS0198318411 Common Code:019831841) (the Class B1a
Notes)
Class B1c EUR8,500,000 mortgage backed floating rate notes due
2042
(ISIN: XS0198318841 Common Code:019831884) (the Class B1c
Notes)
Class C1a GBP5,900,000 mortgage backed floating rate notes due
2042
(ISIN: XS0198319062 Common Code:019831906) (the Class C1a
Notes)
Class C1c EUR5,000,000 mortgage backed floating rate notes due
2042
(ISIN: XS0198319229 Common Code:019831922) (the Class C1c
Notes)
Class D1a GBP16,200,000 mortgage backed floating rate notes due
2042
(ISIN: XS0198319575 Common Code:019831957) (the Class D1a
Notes)
Class D1c EUR5,000,000 mortgage backed floating rate notes due
2042
(ISIN: XS0198319906 Common Code:019831990) (the Class D1c
Notes)
Class E GBP4,600,000 mortgage backed floating rate notes due
2042
(ISIN: XS0198320409 Common Code:019832040) (the Class E
Notes)
The Class A1a1 Notes, the Class A1a2 Notes, the Class A1b Notes,
the Class A1c Notes, the Class B1a Notes, the Class B1c Notes, the
Class C1a Notes, the Class C1c Notes, the Class D1a Notes, the
Class D1c Notes and the Class E Notes are together referred to as
the "Notes".
Terms used herein and not defined shall have the definition
ascribed to it in the master definitions schedule (the "Master
Definitions Schedule") initialled for the purposes of
identification by Sidley Austin Brown & Wood and Clifford
Chance LLP on 13 August 2004.
On 13 October 2011, Fitch downgraded Lloyds TSB Bank plc's:
1. long term rating to 'A' from 'AA-'; and
2 short term rating to 'F1' from 'F1+',
the Downgrade.
Lloyds TSB Bank plc is the Liquidity Facility Provider (the
Liquidity Facility Provider) for the Transaction. As a result of
the Downgrade, the Issuer is obliged to make a Stand-by Drawing in
an amount equal to the Available Commitment pursuant to the terms
of the Liquidity Facility Agreement. Such Stand-by Drawing has
already been made on 6 April 2009 as a result of an earlier
downgrade of the Liquidity Facility Provider by Standard &
Poor's.
This Notice is given by the Issuer.
25 October 2011
This information is provided by RNS
The company news service from the London Stock Exchange
END
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