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Fosse Master Issuer (82ZI)

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Tuesday 31 July, 2012

Fosse Master Issuer

Notice to Noteholders

RNS Number : 9388I
Fosse Master Issuer PLC
31 July 2012
 



Notice to Holders
Fosse Master Issuer plc
31 July 2012

FOSSE MASTER ISSUER PLC
(a public company incorporated in England and Wales
with limited liability under the Companies Act 1985 with registered number 05925693)
(the "Company")

NOTICE
to the holders of:
£542,000,000 Class A4 Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS0274293785)
€37,000,000 Class B3 Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS0274290252)
£16,750,000 Class B4 Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS0274294163)
€27,500000 Class M3 Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS0274291060)
£13,750,000 Class M4 Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS0274294759)
€22,500,000 Class C3 Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS0274291656)
£6,250,000 Class C4 Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS0274294916)

(together, the "Issue 2006-1 Notes")

and to the holders of:
€400,000,000 Class A2 Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS0383827051)

(the "Issue 2008-1 Notes")

and to the holders of:
£205,000,000 Class A1 Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS0493851298)
€775,000,000 Class A2 Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS0493852858)
£525,000,000 Class A3 Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS0493854631)
£389,000,000 Class Z Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS0493858202)

 (together, the "Issue 2010-1 Notes")

and to the holders of:
$1,200,000,000 Class A1 Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS0513923614; Reg 144A US34988WAB00)
€500,000,000 Class A2 Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS051392779)
£210,000,000 Class A3 Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS0513929900)
£251,000,000 Class Z Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS0513941194)

(together, the "Issue 2010-2 Notes")

and to the holders of:
£1,250,000,000 Class A1 Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS0525763420)
£1,250,000,000 Class A2 Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS0525763859)
£1,000,000,000 Class A3 Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS0525764071)
£500,000,000 Class Z Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS0525764154)

(together, the "Issue 2010-3 Notes")

and to the holders of:
£675,000,000 Class A1 Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS0538724252)
€700,000,000 Class A2 Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS0538724336)

(together, the "Issue 2010-4 Notes")

and to the holders of:
$3,000,000,000 Class A2 Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS0629516211; Reg 144A US34988WAF14)
£500,000,000 Class A3 Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS0629519314; Reg 144A XS0629519405)
€500,000,000 Class A4 Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS0629583245; Reg 144A XS0629582601)
$275,000,000 Class A5 Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS0630101979; Reg 144A US34988WAD65)
£250,000,000 Class A6 Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS0630105533; Reg 144A XS0630108800)
€275,000,000 Class A7 Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS0630111853; Reg 144A XS0630110707)
£965,000,000 Class Z Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS0629519587)

(together, the "Issue 2011-1 Notes")

and to the holders of:
$350,000,000 Class A1 Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS0715270855; Reg 144A US34988MAU09)
$700,000,000 Class A2 Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS0715271150; Reg 144A US34988MAV81
€100,000,000 Class A3 Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS0715271234; Reg 144A XS0715271408)
$300,000,000 Class A4 Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS0715271580; Reg 144A US34988MAW64)
$250,000,000 Class A5 Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS0715271663; Reg 144A US34988MAX48)
£233,965,000 Class Z Asset Backed Floating Rate Notes due October 2054
(ISIN Reg S XS0715271747)

(together, the "Issue 2011-2 Notes")

and to the holders of:
$250,000,000 Class 1A1 Asset Backed Floating Rate Notes due April 2013

(ISIN Reg S XS0785596163; Reg 144A US34988WAV63)

A$150,000,000 Class 2A1 Asset Backed Floating Rate Notes due October 2054

(ISIN Reg S AU0000FOBHA4)

$750,000,000 Class 2A2 Asset Backed Floating Rate Notes due October 2054

(ISIN Reg S XS0784926353; Reg 144A US34988WAL 81)

£300,000,000 Class 2A3 Asset Backed Floating Rate Notes due October 2054

(ISIN Reg S XS0784926437; Reg 144A XS0785326538)

€200,000,000 Class 2A4 Asset Backed Floating Rate Notes due October 2054

(ISIN Reg S XS0784926510; Reg 144A XS0785327858)

¥16,000,000,000 Class 2A5 Asset Backed Floating Rate Notes due October 2054

(ISIN Reg S XS0784928300; Reg 144A XS0785328153)

$700,000,000 Class 3A1 Asset Backed Floating Rate Notes due October 2054

(ISIN Reg S XS0784928482; Reg 144A US34988WAQ78)

£300,000,000 Class 3A2 Asset Backed Floating Rate Notes due October 2054

(ISIN Reg S XS0784928649; Reg 144A XS0785328237)

$50,000,000 Class 2B1 Asset Backed Floating Rate Notes due October 2054

(ISIN Reg S XS0784929290; Reg 144A US34988WAS35)

£200,000,000 Class 2B2 Asset Backed Floating Rate Notes due October 2054

(ISIN Reg S XS0784929530; Reg 144A XS0785328583)

£285,000,000 Class Z Asset Backed Floating Rate Notes due October 2054

(ISIN Reg S XS0784929613)

 

(together, the "Issue 2012-1 Notes" and, together with the Issue 2006-1 Notes, the Issue 2008-1 Notes, the Issue 2010-1 Notes, the Issue 2010-2 Notes, the Issue 2010-3 Notes, the Issue 2010-4 Notes, the Issue 2011-1 Notes and the Issue 2011-2 Notes, the "Outstanding Notes")


each issued by the Company and constituted by a trust deed (the "Note Trust Deed") dated 28 November 2006 as supplemented and amended on 1 August 2007, 21 August 2008, 11 March 2010, 9 September 2010, 21 April 2011, 27 April 2012 and 23 May 2012 and as the same may be supplemented and/or amended from time to time between the Company, Law Debenture Trust Company of New York in its capacity as trustee for the Noteholders and BNY Trust Company of Australia Limited in its capacity as the Australian Note Trustee.

NOTICE IS HEREBY GIVEN to the holders of Outstanding Notes that Clause 8.1 of the Mortgages Trustee Bank Account Agreement has been modified for the purpose of reflecting the latest counterparty rating criteria and approach of Standard & Poor's and Moody's for structured finance transactions with respect to the level of exposure or support of a bank account in relation to the transaction. The changes reflect the treatment of the Mortgages Trustee GIC Account as having "minimal" (in the case of Standard & Poor's) or "weak" (in the case of Moody's) exposure to the structure. 

These amendments to the Mortgages Trustee Bank Account Agreement were effected on 27 July 2012 and the amended version of the Mortgages Trustee Bank Account Agreement is available for viewing electronically by the holders of the Outstanding Notes via the following link:

 

http://aboutsantander.co.uk/investors/debt-investors/fosse-master-trust/fosse-master-trust-transaction-documentation.aspx


In addition, copies of the amended Mortgages Trustee Bank Account Agreement are available for inspection by the holders of the Outstanding Notes at the specified office of the Principal Paying Agent set out below:

Citibank, N.A.
Citigroup Centre
Canada Square
Canary Wharf
London E14 5LB

Capitalised terms used in this notice shall, unless defined herein or the context otherwise requires, bear the meanings given to them in the Sixth Amended and Restated Master Definitions and Construction Schedule dated 27 April 2012 and the Sixth Amended and Restated Issuer Master Definitions and Construction Schedule dated 23 May 2012, which can also be viewed via the link provided above and/or obtained from the office of the Principal Paying Agent specified above.


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