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Canary Wharf Group to redeem £577.9 of its class A1 notes on July 22
By Tali Rackner
Norfolk, Va., June 20 – Songbird Estates plc subsidiary Canary Wharf Group plc plans to redeem £577.9 of its class A1 notes on July 22, according to a filing with the London Stock Exchange.
The notes will be redeemed at par plus a premium and accrued interest up to the redemption date.
The redemption will be funded with the proceeds from its sale of 10 Upper Bank Street, Canary Wharf, London, to a separate limited partnership.
Deutsche Trustee Co. Ltd. is the trustee.
The company also announced that it canceled £26,101,000 of class B3 notes and £35,338,000 of class C2 notes held by a wholly owned Canary Wharf subsidiary. The issuer also effected the partial termination of some swap transactions it had previously entered into in relation to the class B3 and class C2 notes at an aggregate cost of £17,875,000.
London-based Songbird Estates invests in, develops and manages real estate properties through its subsidiary, Canary Wharf Group.
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