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Published on 4/13/2012 in the Prospect News Liability Management Daily.

Gracechurch Mortgage to redeem all series 2007 step-up notes in May

By Ashley Montgomery

Kansas City, Kan., April 13 - Gracechurch Mortgage Financing plc will redeem all of its series 2007-1 step-up notes, according to an announcement filed with the London Stock Exchange.

The affected notes include $2,429,000,000 of class 3A1 notes, €1,146,000,000 of class 3A2 notes and £768.5 million of class 3A3 notes.

The notes will be redeemed on the funding payment date in May at par plus accrued interest to the redemption date.


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