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Published on 8/10/2011 in the Prospect News Liability Management Daily.

Permanent Financing (No. 9) to redeem €1.73 billion floaters

By Toni Weeks

San Diego, Aug. 10 - Permanent Financing (No. 9) plc has issued a call to fully redeem €1,725,800,000 of floating-rate notes from three series, according to a company filing with the London Stock Exchange.

Affected are the following securities, which will be redeemed Sept. 12:

• €1.6 billion of series 4 class A asset-backed floating-rate notes due June 2033;

• €61.2 million of series 4 class B asset-backed floating-rate notes due June 2042; and

• €64.6 million of series 4 class C asset-backed floating-rate notes due June 2042.

The issuer is a residential mortgage securities trust under London-based Lloyds Banking Group.


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