Statement re Notice of Redemption


 

TIDM35YA 
 
RNS Number : 3668I 
Permanent Financing (No.6) PLC 
10 March 2010 
 

 
                                RNS ANNOUNCEMENT 
 
 
                PERMANENT FINANCING (NO. 6) PLC(the Sixth Issuer) 
 
                              NOTICE OF REDEMPTION 
 
  EUR750,000,000 Series 4 Class A Asset Backed Floating Rate Notes due June 2042 
   (ISIN: XS0205329559 - Common Code: 020532955 - CUSIP: N/A) 
 EUR26,100,000 
     Series 4 Class B Asset Backed Floating Rate Notes due June 2042 (ISIN: 
  XS0205331027 - Common Code: 020533102 - CUSIP: N/A) 
 EUR25,300,000 Series 4 
  Class C Asset Backed Floating Rate Notes due June 2042 (ISIN: XS0205331290 - 
                      Common Code: 020533129 - CUSIP: N/A) 
                                                                   10 March 2010 
Notice is given by the Sixth Issuer to the Sixth Issuer Noteholders that the 
Seller on the Funding 1 Interest Payment Date on the date hereof made a payment 
to Funding 1 pursuant to and in compliance with 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 
Sixth Issuer Series 4 Term AAA Advance due under and in compliance with the 
Sixth Issuer Intercompany Loan Agreement so that the Sixth Issuer was able to 
redeem the following Sixth Issuer Notes in full on the date hereof pursuant to 
and in compliance with Condition 5(B): 
(i)         EUR750,000,000 Series 4 Class A Asset Backed Floating Rate Notes due 
June 2042. 
In addition, on the date hereof, the Funding 1 Available Principal Receipts that 
were available to Funding 1 in accordance with the Funding 1 Pre-Enforcement 
Principal Priority of Payments were sufficient to enable Funding 1 to: 
(a)        repay (i) the Sixth Issuer Series 4 Term AA Advance and (ii) the 
Sixth Issuer Series 4 Term BBB Advance due under and in compliance with the 
Sixth Issuer Intercompany Loan Agreement so that the Sixth Issuer was able to 
redeem the following Sixth Issuer Notes in full on the date hereof pursuant to 
and in compliance with Condition 5(B): 
(i)         EUR26,100,000 Series 4 Class B Asset Backed Floating Rate Notes due 
June 2042; and 
(ii)        EUR25,300,000 Series 4 Class C Asset Backed Floating Rate Notes due 
June 2042. 
All defined terms used in this notice shall have the meaning given to them in 
the Sixth Issuer Master Definitions and Construction Schedule dated 18 November 
2004 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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