NZCG Funding manager, holders explore redemption of secured notes

By Sarah Lizee

Olympia, Wash., Jan. 23 – NZCG Funding Ltd./NZCG Funding LLC said its collateral manager and a majority of holders of its preferred securities have entered into discussions relating to the potential redemption of all classes of its secured notes, according to a notice.

Holders of the class A-1, A-2, B, C and D notes were notified.

The notes would be redeemed using refinancing proceeds and/or sale proceeds on Feb. 26.

U.S. Bank NA is the trustee.

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