Information  X 
Enter a valid email address

EMF-NL 2008-2 B.V. (IRSH)

  Print      Mail a friend

Thursday 08 November, 2018

EMF-NL 2008-2 B.V.

EMF-NL 2008-2 B.V. Put Option Notice

RNS Number : 8313G
EMF-NL 2008-2 B.V.
08 November 2018
 

THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

This notice is made pursuant to the Act on Financial Supervision (Wet op het financieel toezicht).

If you are in any doubt as to the action you should take, you are recommended to seek your own financial, legal or other advice immediately from your stockbroker, bank manager, solicitor, accountant or other appropriately authorised independent financial adviser.

 

Capitalised terms used herein have the meanings defined or construed in the Master Definitions Agreement entered into by the Issuer in connection with the issue of the Notes on 26 August 2008 as amended and restated.

 

EMF-NL 2008-2 B.V.
(the "Issuer")

Notice is hereby given with respect to notes of each of the following class(es):

EUR 173,850,000 Class A1 Mortgage Backed Floating Notes due July 2041,

ISIN: XS0382370558/US26868LAA70

EUR 70,537,000 Class A2 Mortgage Backed Floating Rate Notes due July 2041,

 ISIN: XS0382370715/US26868LAB53

EUR 15,390,000 Class B Mortgage Backed Floating Rate Notes due July 2041,

ISIN: XS0382371101/US26868LAC37

EUR 14,250,000 Class C Mortgage Backed Floating Rate Notes due July 2041,

ISIN: XS0382371283/US26868LAD10

EUR 10,973,000 Class D Mortgage Backed Floating Rate Notes due July 2041,

ISIN: XS0382371440

 

(the "Put Option Notes" and each class of Notes, a "Class of Put Option Notes" and the holders thereof the "Put Option Noteholders")

 

Amsterdam, 8 November 2018

 

Notice is hereby given by the Issuer that in accordance with the Terms and Conditions of the Notes, each Put Option Noteholder has the option (a "Put Option") to offer any or all of the Put Option Notes held by it to the Issuer for redemption on the Quarterly Instruments Payment Date falling on 17 January 2019 (the "Put Option Date") provided that there is no Principal Deficiency on any Class of Put Option Notes, in accordance with the provisions of the Note Condition 5(f).

To exercise the Put Option, the Put Option Noteholder must during the period starting on 8 November 2018 and ending on 3 December 2018, give notice to the Issuer and the Principal Paying Agent of such exercise in accordance with the standard procedures of Euroclear and Clearstream, Luxembourg (which may include notice being given on his instruction by Euroclear or Clearstream, Luxembourg to the Principal Paying Agent by electronic means) in a form acceptable to Euroclear and Clearstream, Luxembourg from time to time.

 

The Issuer informs the Put Option Noteholders that it has received a letter from the Seller stating that the Seller, until further notice, does neither purchase nor accept assignment of any Mortgage Receivables on the First Put Option Date and/or on any subsequent Put Option Date.

 

In accordance with the Note Condition 5(f)(v)(i), the redemption of the Put Option Notes in respect of which a Put Notice was given by the Put Option Noteholder, is subject to acceptance by the Seller or a third party of the repurchase of an equivalent amount of Mortgage Loans.

Pursuant to the Terms and Conditions of the Notes, Lehman Brothers International (Europe) or any company belonging to the same group of companies as Lehman Brothers International (Europe) holding any Put Option Notes does not have the right to exercise the Put Option.

 

 

HSBC Bank plc is the Principal Paying Agent

 

HSBC Bank plc

Level 27, 8 Canada Square

London E14 5HQ, the United Kingdom

Attention: The Manager, Repack Client Services, Corporate Trust and Loan Agency, Security Services

Fax: +44 (0) 20 7260 8932

 

 

EMF-NL 2008-2 B.V.

Prins Bernhardplein 200

1097 JB Amsterdam, the Netherlands

Attention: Intertrust Management B.V., Director of the Issuer

Fax: + 31 20 521 4888

 

 

 

 

 

 

This announcement has been issued through the Companies Announcement Service of Euronext Dublin.

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
ISELLFLRLDLTIIT

a d v e r t i s e m e n t