Fordgate Commercial to redeem backed class A & B floaters due 2016

By Tali Rackner

Norfolk, Va., July 9 – Fordgate Commercial Securitisation No. 1 plc plans to redeem the remaining amounts outstanding under its £240,275,000 class A and £24,027,000 class B commercial mortgage backed floating-rate notes due 2016, according to a filing with the London Stock Exchange.

The notes will be redeemed at their principal amount plus accrued interest on July 23.

Fordgate is based in London.

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