Cloverie expects to redeem €425 million fixed-to-floaters on July 24

By Wendy Van Sickle

Columbus, Ohio, June 28 – Cloverie plc has been notified that the collateral manager plans to exercise its option to call for redemption all €425 million of its series 2009-002 fixed-to-floating rate notes due 2039, according to a filing with the London Stock Exchange.

The notes’ mandatory redemption date is expected to be the first call date, July 24, but is subject to change.

The issuer is based in Dublin.

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