Sagres Sociedade de Titularizacao repurchases five series of notes

By Tali Rackner

Norfolk, Va., April 29 - Sagres Sociedade de Titularizacao de Creditos, SA exercised the optional redemption of five series of its notes following a written resolution to the effect by the sole noteholder, according to a filing with the Irish Stock Exchange.

The following notes were redeemed on April 15:

• €577.5 million class A asset-backed floating-rate securitization notes due 2036;

• €472.5 million class B asset-backed floating-rate securitization notes due 2036;

• €117 million initial vertical asset-backed variable funding securitization notes due 2036;

• €7,294,000 initial class C variable funding securitization notes due 2036; and

• €31.5 million residual variable funding securitization notes due 2036.

Lisbon-based Sagres Sociedade de Titularizacao de Creditos is a special-purpose vehicle established to issue asset-backed securities.

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