NOTICE TO NOTEHOLDERS

RNS Number : 8124L

Silverstone Master Issuer PLC

21 July 2017

 

SILVERSTONE MASTER ISSUER PLC

£35,000,000,000 RESIDENTIAL MORTGAGE-BACKED NOTE ISSUANCE PROGRAMME

21 July 2017

NOTICE TO NOTEHOLDERS

REDEMPTION OF:

£85,335,000 Series 2012-1 Class 2Z1 Mortgage Backed Floating Rate Notes due 2055

£25,601,000 Series 2012-1 Class 2Z2 Mortgage Backed Floating Rate Notes due 2055

(the Series 2012-1 Class 2Z1 Notes and the Series 2012-1 Class 2Z2 Notes, respectively)

NOTICE IS HEREBY GIVEN THAT on 21 July 2017, the Issuer, pursuant to Condition 5.4 (Optional Redemption) of the Series 2012-1 Class 2Z1 Notes and the Series 2012-1 Class 2Z2 Notes, redeemed in full the Series 2012-1 Class 2Z1 Notes and the Series 2012-1 Class 2Z2 Notes. Nationwide Building Society as Seller made a Refinancing Contribution on such date and for such purpose pursuant to Clause 8.1(b) of the Mortgages Trust Deed.

Although the Required Subordination Percentage remains 13.0%, the actual subordination percentage immediately following the redemption of the Series 2012-1 Class 2Z1 Notes and the Series 2012-1 Class 2Z2 Notes was 14.7%.

Except where the context otherwise requires and save where otherwise defined herein, expressions defined in the amended and restated master definitions and construction schedule signed by, amongst others, the Issuer Security Trustee and the Funding 1 Security Trustee and dated 25 July 2008 (as amended and restated on 22 December 2008, 27 October 2009, 22 October 2010, 15 July 2011, 13 September 2011, 21 October 2011, 22 March 2012 and 30 October 2014, as supplemented on 11 December 2014 and as amended and restated on 18 September 2015, 12 February 2016 and 23 January 2017) and the issuer master definitions and construction schedule signed by, amongst others, the Issuer Security Trustee, the Note Trustee and the Funding 1 Security Trustee and dated 25 July 2008 (as supplemented on 27 October 2009, 22 October 2010, 13 September 2011, 30 October 2014 and 23 January 2017), shall have the same meanings in this announcement.

For further information, please contact:

Silverstone Master Issuer PLC

c/o Wilmington Trust SP Services (London) Limited

Third Floor

1 King's Arms Yard

London

EC2R 7AF

Telephone: [phone]

Alex Wall

Head of Capital, Ratings & Investor Relations

Nationwide Building Society

One Threadneedle Street

London EC2R 8AW

Tel:                  [phone]

E-mail:             [e-mail]

DISCLAIMER - INTENDED ADDRESSEES

Please note that the information contained in this announcement may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Prospectus) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the Prospectus is not addressed. Prior to relying on the information contained in the Prospectus you must ascertain from the Prospectus whether or not you are part of the intended addressees of the information contained therein.

Your right to access this service is conditional upon complying with the above requirement.

 

END

 

 

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