91AG Perm.mast.1 42

TIDM91AG

RNS Number : 2067Z

Permanent Master Issuer PLC

08 January 2020

PERMANENT MASTER ISSUER PLC

(incorporated in England and Wales, Registered No. 05922774)

35 Great St Helen's

London EC3A 6AP

(the Master Issuer)

8 January 2020

GBP1,000,000,000 2018-1 Series 1 Class A3 Notes (ISIN: XS1835962330)

(the 2018-1 A3 Notes)

PERMANENT MASTER ISSUER PLC RESIDENTIAL MORTGAGE BACKED NOTE PROGRAMME - AMENDMENTS TO THE TRANSACTION DOCUMENTS IN RELATION TO THE 2018-1 A3 NOTES

NOTICE IS HEREBY GIVEN TO HOLDERS OF THE NOTES THAT:

The following modifications are envisaged to be made to the Transaction Documents in relation to the 2018-1 A3 Notes, including certain related and consequential amendments necessary to give effect thereto.

The amendments to the Relevant Documents (as defined in section 2 below) will become effective on or about the date of the first Interest Payment Date following the date hereof.

The Relevant Documents have been amended to alter the interest basis and margin.

2. Amendments to the Transaction Documents

In order to implement the amendments, the following Transaction Documents have been amended and/or restated or supplemented as follows:

   (a)      2018-1 Drawdown Prospectus 

a. The interest basis on the 2018-1 A3 Notes has been amended from 3 month GBP LIBOR to Compounded Daily SONIA.

b. The interest margin and step up margin on the 2018-1 A3 Notes have been amended from 0.55% to 0.70%.

   (b)      2018-1 Loan Tranche Supplement; 

a. The relevant screen rate of the 2018-1 Series 1 Class A3 AAA Loan Tranche has been amended from 3 month GBP LIBOR to Compounded Daily SONIA.

b. The relevant margin pre and post step-up date of the 2018-1 Series 1 Class A3 AAA Loan Tranche has been amended from 0.55% to 0.70%.

(c) Master Issuer Trust Deed

The Master Issuer Trust Deed has been amended to reflect and implement the changes in the 2018-1 Drawdown Prospectus to the 2018-1 A3 Notes.

(collectively, the Relevant Documents).

Capitalised terms used, but not defined, herein shall have the meanings given to them in the form of the Amended and Restated Master Definitions and Construction Schedule related to the Permanent Master Issuer plc securitisation programme (the Programme) dated 3 September 2019 (as the same may be amended, restated, varied and/or supplemented from time to time, the Master Definitions and Construction Schedule) or, as applicable, the Amended and Restated Master Issuer Master Definitions and Construction Schedule dated 3 September 2019 (as the same may be amended, restated, varied and/or supplemented from time to time, the Master Issuer Master Definitions).

A conformed copy of the 2018-1 Drawdown Prospectus to reflect these amendments to the 2018-1 A3 Notes and the amendments to the Funding 2 Start-Up Loans and the Funding 2 Z Loan as announced in RNS 2471L on 4 September 2019 will be available for inspection at http://www.lloydsbankinggroup.com/investors/fixed-income-investors/securitisation/.

Copies of the Relevant Documents will be available for inspection by Noteholders at the specified offices of the Master Issue Principal Paying Agent set out below: Citibank, N.A. London Branch.

Canada Square

Canary Wharf

London E14 5LB

For the attention of: Agency and Trust

For further information, please contact:

Permanent Master Issuer plc

c/o Intertrust Corporate Services Limited

35 Great St. Helen's

London EC3A 6AP

Telephone : 020 7398 6300

Fax : 020 7398 6325

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 Base Prospectus) 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 Base Prospectus is not addressed. Prior to relying on the information contained in the Base Prospectus you must ascertain from the Base Prospectus 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

STRBPMFTMTIMBPM

(END) Dow Jones Newswires

January 08, 2020 11:49 ET (16:49 GMT)

Perm.mast.1 42 (LSE:91AG)
Historical Stock Chart
From May 2024 to Jun 2024

Perm.mast.1 42 (LSE:91AG)
Historical Stock Chart
From Jun 2023 to Jun 2024