Residential Mortgage bids to buy back eight note classes via auction

By Susanna Moon

Chicago, Sept. 13 – Residential Mortgage Securities 25 plc notified holders of several classes of notes that Kensington Mortgage Co. Ltd. as auction agent is soliciting bids for all but not only some of the loans and the collateral security outstanding on the interest payment date of Dec. 17.

The securities covered by the notice are the issuer’s £128.2 million class A1 notes due December 2050, £3.7 million class A2 notes due December 2050, £18.3 million class M1 notes due December 2050, £10.1 million class M2 notes due December 2050, £12.4 million class B1 notes due December 2050, £9.5 million class B2 notes due December 2050, £900,000 class B3 notes due December 2050 and £12 million class R notes due December 2050.

Those who are interested in receiving information about the bid solicitation process may e-mail RMS25PortfolioSale@northviewgroup.com.

The company added that it could not assure that any bids will be received or that the rated notes will be redeemed on the interest payment date falling in December.

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