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Prospect News home > News index > List of issuers T > Headlines for Tenders 2012 > News item
Published on 4/17/2012 in the Prospect News Liability Management Daily.

Pendeford ends purchase offer for £300 million mortgage-backed notes

By Toni Weeks

San Diego, April 17 - Pendeford Master Issuer plc announced that the deadline for the purchase offer for £300 million of 2007-1 series 5 class A mortgage-backed notes due August 2022 will not be further extended.

Bank of Scotland informed the London-based issuer that it had achieved its target purchase amount, and no further extension will be given.

As previously reported, the offer had been extended until noon ET on April 16.

The notes were purchased at par plus accrued interest.

Deutsche Trustee Co. Ltd. is the trustee.

Lloyds Bank is the dealer manager.


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