Holmes Master Issuer plc Notice to Noteholders - pricing results (6715P)
October 11 2019 - 8:36AM
UK Regulatory
TIDM37XJ
RNS Number : 6715P
Holmes Master Issuer plc
11 October 2019
Notice to Noteholders
Holmes Master Issuer plc
11 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
to the holders of:
Series of Notes Issue Date
GBP250,000,000 Series 1 Class A2 Issue 2017-1 4 October 2017
Residential Mortgage-Backed Notes due October
2054 (ISIN: XS1693009091) (the Series 2017-1
Notes)
---------------
GBP300,000,000 Series 1 Class A3 Issue 2018-1 16 March 2018
Residential Mortgage-Backed Notes due October
2054 (U.S. Global Note ISIN: XS1791483826;
Reg S Global Note ISIN XS1791440859) (the Series
2018-1 Notes)
---------------
(together, the Notes and each a Series of Notes)
Further to the Issuer's announcement earlier today, the Issuer
hereby announces that:
(a) in connection with the Series 2017-1 Notes:
(i) the Series 2017-1 LIBOR vs SONIA Interpolated Basis (as
calculated by the Solicitation Agents at the Pricing Time) is 0.150
per cent.;
(ii) the New Margin is 0.570 per cent. (being the sum of 0.420
per cent. and the Series 2017-1 LIBOR vs SONIA Interpolated Basis);
and
(iii) the New Step-Up Margin is 0.990 per cent. (being the sum
of 0.840 per cent. and the Series 2017-1 LIBOR vs SONIA
Interpolated Basis); and
(b) in connection with the Series 2018-1 Notes:
(i) the Series 2018-1 LIBOR vs SONIA Interpolated Basis (as
calculated by the Solicitation Agents at the Pricing Time) is 0.153
per cent.;
(ii) the New Margin is 0.513 per cent. (being the sum of 0.360
per cent. and the Series 2018-1 LIBOR vs SONIA Interpolated Basis);
and
(iii) the New Step-Up Margin is 0.873 per cent. (being the sum
of 0.720 per cent. and the Series 2018-1 LIBOR vs SONIA
Interpolated Basis),
each with effect from 15 October 2019.
The Issuer will shortly arrange execution and delivery of (i)
the Amended and Restated Series 2017-1 Final Terms; (ii) the
Amended and Restated Series 2018-1 Final Terms; (iii) the
Supplemental Trust Deed; and (iv) the Intercompany Loan Agreement
Supplement, each of which will be made available on the website of
the Issuer at
https://www.santander.co.uk/uk/about-santander-uk/investor-relations/holmes-master-trust.
Capitalised terms used but not defined herein shall have the
meanings set out in the Notice of Meeting with respect to each
Series of Notes dated 19 September 2019 and the Consent
Solicitation Memorandum of the Issuer dated 19 September 2019.
Disclaimer - Intended Addressees
Please note that the information contained in this announcement
may be addressed to and/or targeted at persons who are residents of
particular countries (specified in the Consent Solicitation
Memorandum) only and is not intended for use and should not be
relied upon by any person outside these countries and/or to whom
the offer contained in the relevant Consent Solicitation Memorandum
is not addressed. Prior to relying on the information contained in
the Consent Solicitation Memorandum you must ascertain from the
Consent Solicitation Memorandum whether or not you are part of the
intended addressees of the information contained therein.
Your right to access this service is conditional upon complying
with the above requirement.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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