REG - Duncan Fdg 2015-1 - Announcement - Notice to Noteholders

Banco de Sabadell SAAnnouncement

02/09/2020 17:55

RNS Number : 8669X
  
Duncan Funding 2015-1 PLC
  
02 September 2020
  
 

NOTICE TO NOTEHOLDERS
THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. IF NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD SEEK THEIR OWN FINANCIAL AND LEGAL ADVICE, IMMEDIATELY FROM THEIR STOCKBROKER, SOLICITOR, ACCOUNTANT OR OTHER INDEPENDENT FINANCIAL OR LEGAL ADVISER.
 
DUNCAN FUNDING 2015-1 PLC
1 Bartholomew Lane
London EC2N 2AX
(as Issuer)
 
Dated 2 September 2020
 
To the Noteholders of:
 
£1,200,000,000 Class A1 Asset Backed Floating Rate Notes due December 2062
(ISIN: XS1304470740 Common Code: 130447074)
(the Class A1 Notes)
€300,000,000 Class A2a Asset Backed Floating Rate Notes due December 2062
(ISIN: XS1304471391 Common Code: 130447139)
£487,300,000 Class A2b Asset Backed Floating Rate Notes due December 2062
(ISIN: XS1304472100 Common Code: 130447210)
(the Class A2 Notes)
£72,700,000 Class B Asset Backed Floating Rate Notes due December 2062
(ISIN: XS1304472282 Common Code: 130447228)
(the Class B Notes)
£31,100,000 Class C Asset Backed Floating Rate Notes due December 2062
(ISIN: XS1304472449 Common Code: 130447244)
(the Class C Notes, together with the Class A1 Notes, the Class A2 Notes and the Class B Notes, the Notes)
 
NOTICE IS HEREBY GIVEN that the Issuer will redeem all Notes at their then Principal Amount Outstanding together with accrued interest on 17 September 2020, pursuant to Condition 7.3(a) of the Notes which allows for optional redemption of the Notes on the Interest Payment Date falling on 17 September 2020.
Terms used but not defined in this notice bear the same meaning as set out in, or incorporated by reference into, the trust deed made between, inter alios, the Issuer, the Security Trustee and the Note Trustee dated 12 November 2015.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (Regulation (EU) No 596/2014).
The person responsible for arranging release of this announcement on behalf of the Issuer is Daniel Jaffe, Director.
In accordance with normal practice, the Note Trustee expresses no opinion on the matters described in this notice and has no objection to this notice being submitted to the Noteholders for their consideration. Noteholders should take their own advice as to the contents of this notice. The Note Trustee is not responsible for the accuracy, completeness, validity or correctness of the statements made in this notice or any omissions therein.  The Note Trustee has reserved its rights and remedies in respect of any matter described in or related to this notice and at law.
 
DUNCAN FUNDING 2015-1 PLC
 

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