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Aire Val Mort 2007-1 (75AU)

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Wednesday 01 August, 2012

Aire Val Mort 2007-1

Notice to Noteholders

RNS Number : 0392J
Aire Valley Mortgages 2007-1 plc
01 August 2012
 



RNS ANNOUNCEMENT

1 August 2012

AIRE VALLEY MORTGAGES 2007-1 PLC
(Incorporated in England and Wales as a public limited company under registered number 6133249)


GBP 62,500,000 Series 1 Class B Asset Backed Floating Rate Notes due 2066
GBP 62,500,000 Series 1 Class C Asset Backed Floating Rate Notes due 2066
USD 700,000,000 Series 2 Class A1 Asset Backed Floating Rate Notes due 2066
EUR 575,000,000 Series 2 Class A2 Asset Backed Floating Rate Notes due 2066
GBP 300,000,000 Series 2 Class A3 Asset Backed Floating Rated Notes due 2066
GBP 75,000,000 Series 2 Class B Asset Backed Floating Rate Notes due 2066
GBP 81,250,000 Series 2 Class C Asset Backed Floating Rate Notes due 2066

 

Amendments to Transaction Documents

Terms used and not defined herein shall have the same meanings given thereto in (i) the master definitions and construction agreement dated 4 October 2004 as amended, supplemented and varied from time-to-time (the Master Definitions and Construction Schedule) and (ii) the issuer master definitions schedule, dated 9 May 2007 signed for the purposes of identification by Allen & Overy LLP and Slaughter and May (the Issuer Master Definitions and Construction Schedule).

With effect on and from 31 July 2012, amendments, including the following, have been made to the following Transaction Documents to reflect the existence of certain guarantees made in respect of Bradford & Bingley PLC (B&B) and provided by The Commissioners of Her Majesty's Treasury for and on behalf of the UK Government (the Government Guarantees):

(a)        the Mortgage Sale Agreement;

(b)        the Intercompany Mortgage Sale Agreement;

(c)        the Mortgages Trust Deed;

(d)        the Servicing Agreement;

(e)        the Sub-Servicing Agreement;

(f)        the Master Definitions and Construction Schedule; and

(g)        the Funding 1 Swap Agreement,

(together the Amended Transaction Documents).

The Amended Transaction Documents have been amended so that the rating triggers in relation to the required ratings by the Ratings Agencies of the unsecured, unsubordinated and an unguaranteed debt obligations of B&B in its relevant capacities under the Amended Transaction Documents also reflect the existence of the Government Guarantees by including reference to the unsecured, unsubordinated and guaranteed debt obligations of B&B.

 

For further information, please contact

Aire Valley Mortgages 2007-1 Plc

35 Great St. Helen's,

London

EC3A 6AP

Telephone: +44 (0)20 7398 6300

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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