Fosse Master Issuer calls all series 2007-1 asset-backed notes at par

By Ashley Montgomery

Kansas City, Kan., May 22 - Fosse Master Issuer plc will redeem all of its series 2007-1 notes, according to a notice.

The notes will be redeemed on their July interest payment date at par plus accrued interest.

The following notes are affected:

• €685 million of class A3 asset-backed floating-rate notes due October 2054;

• £775 million of class A4 asset-backed floating-rate notes due October 2054; and

• $500 million of class A5 asset-backed floating-rate notes due October 2054.

The issuer is a London-based subsidiary of Banco Santander, SA, a Madrid-based bank.

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