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Fair Isle CDO Ltd (IRSH)

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Wednesday 16 March, 2011

Fair Isle CDO Ltd

Cash Settlement Notices

RNS Number : 1007D
Fair Isle CDO Limited
16 March 2011
 

Company Announcement

 

For immediate release

 

FAIR ISLE CDO LIMITED

St. Paul's Gate

New Street

St. Helier, Jersey, JE4 8ZB

(the "Issuer")

 

16th March 2011

 

Re: Cash Settlement Notices

 

Series 1: GBP 3,750,000 Limited Recourse Secured Fixed Rate Principal Protected Credit-Linked Notes due 2015 (ISIN: XS0222538752)

Series 2: EUR 24,300,000 Limited Recourse Secured Fixed Rate Principal Protected Credit-Linked Notes due 2015 (ISIN: XS0222541467)

Series 3: USD 17,050,000 Limited Recourse Secured Fixed Rate Principal Protected Credit-Linked Notes due 2015 (ISIN: XS0222539727)

Series 4: EUR 1,000,000 Limited Recourse Secured Floating Rate Principal Protected Credit-Linked Notes due 2015 (ISIN: XS0222536897)

Series 5: GBP 10,000,000 Limited Recourse Secured Floating Rate Principal Protected Credit-Linked Notes due 2015 (ISIN: XS0222930108)

Series 6: USD 15,000,000 Limited Recourse Secured Floating Rate CMS Principal Protected Credit-Linked Notes due 2015 (ISIN: XS0223022483)

Series 7: USD 29,375,000 Limited Recourse Secured Fixed Rate Principal Protected Credit-Linked Notes due 2015 (ISIN: USG33026AA68)

Series 8: USD 3,250,000 Limited Recourse Secured Floating Rate Principal Protected Credit-Linked Notes due 2015 (ISIN: USG33026AB42)

 

(together, the "Securities")

 

Regarding the occurrence of the Credit Event in respect of the Ambac Financial Group, Inc., the Issuer wishes to advise that there is no adjustment to the Outstanding Principal Amount of the Securities.

For further information please contact:

Credit-Linked Enhanced Asset Repackagings (C.L.E.A.R.) Public Limited Company

5 Harbourmaster Place,

International Financial Services Centre,

Dublin 1

Ireland

 

 

This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange.

 

 

 


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