Holmes Master Issuer plc SONIA Funding Swaps (9660P)
16 October 2019 - 12:18AM
UK Regulatory
TIDM37XJ
RNS Number : 9660P
Holmes Master Issuer plc
15 October 2019
Notice to Noteholders
Holmes Master Issuer plc
15 October 2019
HOLMES MASTER ISSUER PLC
(incorporated with limited liability in England and Wales
registered number 5953811)
(the Issuer)
2 Triton Square
Regent's Place
London NW1 3AN
NOTICE
and to the holders of:
GBP250,000,000 Class A2 Asset Backed Floating Rate Notes due
October 2054
(ISIN XS1693009091) (the Series 2017-1 Class A2 Notes)
and to the holders of:
GBP300,000,000 Class A3 Asset Backed Floating Rate Notes due
October 2054
(ISIN XS1791483826/XS1791440859) (the Series 2018-1 Class A3
Notes and together with the Series 2017-1 Class A2 Notes, the
Notes),
each issued by the Issuer and constituted by a trust deed dated
28 November 2006, as amended, restated, modified and/or
supplemented from time to time between Issuer and The Bank of New
York Mellon, London Branch in its capacity as trustee for the
holders of the Notes.
SONIA FUNDING SWAPS
Further to the Issuer's announcements on 11 October 2019
regarding the extraordinary resolutions and pricing amendments with
respect to the Series 2017-1 Class A2 Notes and the Series 2018-1
Class A3 Notes, the Issuer hereby announces that the SONIA
Confirmations (as defined below) have been amended as follows:
(a) the Fixed Rate SONIA Spread (as defined in each Fixed Rate
Confirmation (as defined below)) has been amended from "1.30%" to
"1.45%" in relation to:
(i) the SONIA interest rate swap confirmation in relation to
fixed rate loans of one year or less between Santander UK plc (San
UK) as Party A, Holmes Funding Limited (Funding) as Party B and The
Bank of New York Mellon, London Branch as the security trustee (the
Security Trustee) dated 24 May 2019 (the Fixed Rate Confirmation
1);
(ii) the SONIA interest rate swap confirmation in relation to
fixed rate loans of more than one year but less than or equal to
two years between San UK as Party A, Funding as Party B and the
Security Trustee dated 24 May 2019 (the Fixed Rate Confirmation
2);
(iii) the SONIA interest rate swap confirmation in relation to
fixed rate loans of more than two years but less than or equal to
three years between San UK as Party A, Funding as Party B and the
Security Trustee dated 24 May 2019 (Fixed Rate Confirmation 3);
(iv) the SONIA interest rate swap confirmation in relation to
fixed rate loans of more than three years but less than or equal to
five years between San UK as Party A, Funding as Party B and the
Security Trustee dated 24 May 2019 (Fixed Rate Confirmation 4);
(v) the SONIA interest rate swap confirmation in relation to
fixed rate loans of more than five years but less than or equal to
ten years between San UK as Party A, Funding as Party B and the
Security Trustee dated 24 May 2019 (Fixed Rate Confirmation 5);
and
(vi) the SONIA interest rate swap confirmation in relation to
fixed rate loans of more than ten years between San UK as Party A,
Funding as Party B and the Security Trustee dated 24 May 2019
(Fixed Rate Confirmation 6 and together with Fixed Rate
Confirmation 1, Fixed Rate Confirmation 2, Fixed Rate Confirmation
3, Fixed Rate Confirmation 4 and Fixed Rate Confirmation 5, the
Fixed Rate Confirmations);
(b) the Tracker SONIA Spread (as defined in the Tracker
Confirmation) has been amended from "0.75%" to "0.90%" in relation
to the SONIA interest rate swap confirmation in relation to the
tracker loans between San UK as Party A, Funding as Party B and the
Security Trustee dated 24 May 2019 (the Tracker Confirmation);
and
(c) the Variable Rate SONIA Spread (as defined in the Variable
Rate Confirmation) has been amended from "2.95%" to "3.15%" in
relation to the SONIA interest rate swap confirmation in relation
to the variable rate loans between San UK as Party A, Funding as
Party B and the Security Trustee dated 24 May 2019 (the Variable
Rate Confirmation and together with the Fixed Rate Confirmations
and the Tracker Confirmation, the SONIA Confirmations),
each with effect from 15 October 2019.
The Issuer will shortly arrange for the SONIA Confirmations
(amended as described above) to be made available on the website of
the Issuer at
https://www.santander.co.uk/uk/about-santander-uk/investor-relations/holmes-master-trust.
For further information, please contact:
Medium Term Funding
Santander UK plc
2 Triton Square
Regent's Place
London NW1 3AN
Tel: +44 (0) 20 7756 7100
Email: mtf@santander.co.uk
Capitalised terms used in this Notice shall, unless defined
herein or the context otherwise requires, bear the meanings given
to them in the Fourteenth Amended and Restated Master Definitions
and Construction Schedule dated 24 May 2019 and the Seventeenth
Amended and Restated Master Issuer Master Definitions and
Construction Schedule dated 18 April 2016, which can also be viewed
via the link provided above and/or obtained from the office of the
Principal Paying Agent specified above.
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END
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