Notice of Redemption
December 10 2009 - 10:54AM
UK Regulatory
TIDM69FR
RNS Number : 9442D
Permanent Financing (No.9) PLC
10 December 2009
RNS ANNOUNCEMENT
PERMANENT FINANCING (NO. 9) PLC (the Ninth Issuer)
NOTICE OF REDEMPTION
$1,000,000,000 Series 3 Class A Asset Backed Floating Rate Notes due June 2033
(Regulation S notes ISIN: XS0248347600 - Regulation S notes Common Code:
024834760 - Rule 144A notes ISIN: US71419XAG88 - Rule 144 A notes Common Code:
24852121 - CUSIP: 71419XAG8)
$38,000,000 Series 3 Class B Asset Backed Floating Rate Notes due June 2042
(Regulation S notes ISIN: XS0248350901 - Regulation S notes Common Code:
024835090 - Rule 144A notes ISIN: US71419XAH61 - Rule 144 A notes Common Code:
24852148 - CUSIP: 71419XAH6)
$41,900,000 Series 3 Class C Asset Backed Floating Rate Notes due June 2042
(Regulation S notes ISIN: XS0248351461- Regulation S notes Common Code:
024835146 - Rule 144A notes ISIN: US71419XAJ28 - Rule 144 A notes Common Code:
24852229 - CUSIP: 71419XAJ2)
EUR1,600,000,000 Series 4 Class A Asset Backed Floating Rate Notes due June 2033
(ISIN: XS0248264060 - Common Code: 024826406 - CUSIP: N/A)
EUR61,200,000 Series 4 Class B Asset Backed Floating Rate Notes due June 2042
(ISIN: XS0248265117 - Common Code: 024826511 - CUSIP: N/A)
EUR64,600,000 Series 4 Class C Asset Backed Floating Rate Notes due June 2042
(ISIN: XS0248266511 - Common Code: 024826651 - CUSIP: N/A)
GBP750,000,000 Series 5 Class A Asset Backed Floating Rate Notes due June 2042
(ISIN: XS0248268137 - Common Code: 024826813 - CUSIP: N/A)
each issued by the Ninth Issuer
(the Ninth Issuer Notes and the holders
thereof the Noteholders)
constituted by a Trust Deed dated 22 March 2006 between the Ninth Issuer
and
The Bank of New York Mellon (the Trustee) as trustee for the Noteholders (the
Note Trustee)
10 December 2009
Notice is given by the Ninth Issuer to the Noteholders that the
Seller on the Funding 1 Interest Payment Date that occurred on 10 December 2009
made a payment to Funding 1 pursuant to Clause 7.1(a) of the Mortgages Trust
Deed in an amount which together with the Funding 1 Available Principal Receipts
that were available to Funding 1 in accordance with the Funding 1
Pre-Enforcement Principal Priority of Payments was sufficient to enable Funding
1 to:
(a) repay the final Scheduled Amortisation Instalment in respect of the
Fourth Issuer Series 4 Term AAA Advance, the Fourth Issuer Series 4 Term AA
Advance and the Fourth Issuer Series 4 Term A Advance due under the Fourth
Issuer Intercompany Loan Agreement which enabled the Fourth Issuer to redeem the
following Fourth Issuer Notes in full on the Interest Payment Date that occurred
on 10 December 2009:
(i) EUR1,500,000,000 Series 4 Class A Asset Backed Floating Rate Notes due
March 2034;
(ii) EUR85,000,000 Series 4 Class B Asset Backed Floating Rate Notes due
June 2042; and
(iii) EUR62,500,000 Series 4 Class M Asset Backed Floating Rate Notes due
June 2042;
(b) repay the final Scheduled Amortisation Instalment in respect of the
Fifth Issuer Series 4 Term AAA Advance, the Fifth Issuer Series 4 Term AA
Advance and the Fifth Issuer Series 4 Term BBB Advance due under the Fifth
Issuer Intercompany Loan Agreement which enabled the Fifth Issuer to redeem the
following Fifth Issuer Notes in full on the Interest Payment Date that occurred
on 10 December 2009:
(i) EUR1,000,000,000 Series 4 Class A Asset Backed Floating Rate Notes due
June 2042;
(ii) EUR43,500,000 Series 4 Class B Asset Backed Floating Rate Notes due
June 2042; and
(iii) EUR36,000,000 Series 4 Class C Asset Backed Floating Rate Notes due
June 2042;
(c) repay the final Scheduled Amortisation Instalment in respect of the
Sixth Issuer Series 4 Term AAA Advance due under the Sixth Issuer Intercompany
Loan Agreement which enabled the Sixth Issuer to redeem the following Sixth
Issuer Notes in part on the Interest Payment Date that occurred on 10 December
2009:
(i) EUR750,000,000 Series 4 Class A Asset Backed Floating Rate Notes due
June 2042; and
(d) repay the Scheduled Amortisation Instalment in respect of the Seventh
Issuer Series 3 Term AAA Advance due under the Seventh Issuer Intercompany Loan
Agreement which enabled the Seventh Issuer to redeem the following Seventh
Issuer Notes in part on the Interest Payment Date that occurred on 10 December
2009:
(i) EUR1,700,000,000 Series 3 Class A Asset Backed Floating Rate Notes due
September 2032.
All defined terms used in this notice shall have the meaning given to them in
the Fourth Issuer Master Definitions and Construction Schedule dated 12 March
2004, the Fifth Issuer Master Definitions and Construction Schedule dated 22
July 2004, the Sixth Issuer Master Definitions and Construction Schedule dated
18 November 2004, the Seventh Issuer Master Definitions and Construction
Schedule dated 23 March 2005 and the Amended and Restated Master Definitions and
Construction Schedule dated 24 September 2009 (as applicable).
For further information please contact:
Bank of Scotland plc
Structured Securitisation Group
10 Gresham Street
London
EC2V 7AE
Attention: Gavin Parker
This information is provided by RNS
The company news service from the London Stock Exchange
END
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