REG - Permanent Master Iss - Notice to Note Holders

Bank Of New York MellonAnnouncement

14/10/2024 15:00

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RNS Number : 1037I  Permanent Master Issuer PLC  14 October 2024

EXECUTION VERSION

 

 

NOTICE TO NOTEHOLDERS

 

 

PERMANENT MASTER ISSUER PLC

1 Bartholomew Lane, London EC2N 2AX (the Master Issuer)

 

NOTICE OF PAYMENT OF LOAN TRANCHES

 

£500,000,000 Series 1 Class A4 Asset Backed Floating Rate Notes due July 2075
(ISIN: XS2058007944; Common Code: 205800794) (the 2019-1 Series 1 Class A4
Notes)

(the Notes and the holders thereof, the Noteholders)

 

issued by the Master Issuer constituted by a Master Issuer Trust Deed dated 17
October 2006 (as amended) between the Master Issuer and The Bank of New York
Mellon, London Branch as trustee for the Noteholders (the Note Trustee)

 

14 October 2024

 

Notice is hereby given by the Master Issuer to the Noteholders, that the
Seller intends, on the Funding 2 Interest Payment Date occurring in October
2024, to make a payment to Funding 2 pursuant to Clause 7.1(b)(i) of the
Amended and Restated Mortgages Trust Deed dated 24 April 2023 in an amount
(the Seller Payment Amount) which will be sufficient to enable Funding 2 to
repay the aggregate Outstanding Principal Balance due under the Loan Tranche
corresponding to the 2019-1 Series 1 Class A4 Notes (the 2019 Series 1 Class
A4 AAA Loan Tranche) due under the Master Intercompany Loan Agreement (as
amended and restated on 1 March 2007, 21 November 2007, 15 January 2008, 24
September 2009, 6 July 2010, 11 December 2014, 14 November 2016, 3 September
2019 and 24 April 2023) and the Loan Tranche Supplement as amended and
restated on 24 April 2023 so that the Master Issuer may pay the Redemption
Amount together with any accrued and unpaid interest due on the 2019-1 Series
1 Class A4 Notes on or after the Call Option Date (as set out in the
applicable Final Terms) on the Funding 2 Interest Payment Date occurring in
October 2024.

 

Terms otherwise not defined in this notice shall have the meaning given to
them in the terms and conditions of the Notes (the Conditions).

 

For further information please contact:

Bank of Scotland plc Group Corporate Treasury 25 Gresham Street

London EC2V 7HN

Attention: Gavin Parker, Head of Securitisation Execution and Collateral
Management By: Permanent Master Issuer PLC

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