Southn Pac Secs 04-1 Notice to Noteholders
February 09 2018 - 6:37AM
UK Regulatory
TIDM56JX
SOUTHERN PACIFIC SECURITIES 04-1 PLC
Notice to the holders of all outstanding
EUR325,700,000 Class A1a Mortgage Backed Floating Rate Notes due 2029
(Common Code Reg S: 018671158; ISIN - Reg S: XS0186711585)
U.S.$310,000,000 Class A1b Mortgage Backed Floating Rate Notes due 2029
(Common Code Reg S: 018671310; Common Code 144A: 018730723; ISIN - Reg S:
XS0186713102; ISIN - 144A: US84359TAA51)
GBP177,700,000 Class A2 Mortgage Backed Floating Rate Notes due 2042
(Common Code Reg S: 018671379; ISIN - Reg S: XS0186713797)
(with Class A2 Detachable Coupons) (Common Code: 018671409; ISIN: XS0186714092)
GBP31,500,000 Class M Mortgage Backed Floating Rate Notes due 2042
(Common Code Reg S: 018671450; Common Code 144A: 018738678; ISIN - Reg S:
XS0186714506; ISIN - 144A: US84359TAB35)
GBP6,000,000 Class B Mortgage Backed Floating Rate Notes due 2042
(Common Code Reg S: 018671522; ISIN - Reg S: XS0186715222)
(together the "Notes")
issued by Southern Pacific Securities 04-1 plc
(the "Issuer")
The Issuer would like to draw Noteholders attention to the following notice
that was published on today's date in the Financial Times which shall
constitute the notice to Noteholders pursuant to Condition 14:
NOTICE IS HEREBY GIVEN to the Noteholders that the Mortgage Administrator has
delivered a notice to the Issuer in accordance with the provisions of Clause 30
(Option) of the Mortgage Administration Agreement, confirming that it is
exercising its option to purchase all (but not some only) of the Loans and the
Collateral Security from the Issuer on the Interest Payment Date falling in
March 2018.
Accordingly, the Issuer is hereby providing notice to the Noteholders in
accordance with Condition 5(d) (Optional Redemption) that it will, on the
Interest Payment Date falling in March 2018, redeem the Notes in accordance
with Condition 5(d) (Optional Redemption).
Noteholders who have queries in relation to the above matters should contact
the Issuer - email: spvservices@linkgroup.co.uk; attn.: The Directors for
further information.
Defined terms used in this notice will have the meaning given to them in the
prospectus of the Issuer dated 23 February 2004.
9 February
2018
for and on behalf of
Southern Pacific Securities 04-1 plc
END
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