Mound Financing (No. 5) to redeem series 3 asset-backed notes due 2042

By Tali David

Minneapolis, Jan. 6 - Mound Financing (No. 5) plc plans to redeem its series 3 asset-backed floating-rate notes due February 2042, according to a filing with the London Stock Exchange.

The following series 3 notes will be redeemed on Feb. 8:

• €550 million of its class A1 notes;

• £375 million of its class A2 notes;

• €29.5 million of its class B1 notes;

• £9 million of its class B2 notes;

• €62 million of its class C1 notes; and

• £12 million of its class C2 notes.

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