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Tuesday 07 October, 2008

Magnolia Finance VI

Credit Event Notice

RNS Number : 3204F
Magnolia Finance VI plc
07 October 2008
 



COMPANY ANNOUNCEMENT




7 October 2008



Magnolia Finance VI plc (the 'Issuer')



Re: Credit Event Notice 


Series 2007-21 EUR 10,000,000 Derwent Synthetic CDO Portfolio Variable Credit Linked Notes due 20 June 2017 (the 'Notes')

    

We hereby notify you that, on 6 October 2008, Credit Suisse, Cayman Islands Branch ('CS') has delivered to the Issuer in respect of the Notes, a  Credit Event Notice (the 'Notice') relating to the Federal Home Loan Mortgage Corporation ('Freddie Mac') in accordance with the Credit Default Swap transaction relating to the Notes dated 26 April 2007 between CS and the IssuerTerms not otherwise defined herein shall have the meanings given to them in the Constituting Instrument dated 26 April 2007 in relation to the Notes (the 'Constituting Instrument').

    

In the Notice, CS has notified the Issuer that a Bankruptcy Credit Event has occurred with respect to Freddie Mac on or about 7 September 2008, when the Treasury Department of the United States of America seized control of Freddie Mac and placed it in a government-operated conservatorship. The Notice also comprises a Notice of Publicly Available Information with respect to the Credit Event. 


Copies of the Notice will be available for physical inspection and collection free of charge during usual business hours on any weekday (Saturdays, Sundays and public holidays excepted) at the specified office of the Issuer for so long as any of the Notes shall remain outstanding (unless otherwise indicated).





Given by the Issuer.


Enquiries:




Matheson Ormsby Prentice

Ulrich Steynberg

Phone: +353 1 232 2272



COMPANY ANNOUNCEMENT




7 October 2008



Magnolia Finance VI plc (the 'Issuer')



Re: Credit Event Notice 


Series 2007-7 EUR 10,000,000 C-STAR Credit Linked Notes due 2014 (the 'Notes')

    

We hereby notify you that, on 6 October 2008, Credit Suisse, Cayman Islands Branch ('CS') has delivered to the Issuer in respect of the Notes, a Credit Event Notice (the 'Notice') relating to the Federal Home Loan Mortgage Corporation ('Freddie Mac') in accordance with the Credit Default Swap transaction relating to the Notes dated 11 June 2007 between CS and the Issuer. Terms not otherwise defined herein shall have the meanings given to them in the Constituting Instrument dated 11 June 2007 in relation to the Notes (the 'Constituting Instrument').

    

In the Notice, CS has notified the Issuer that a Bankruptcy Credit Event has occurred with respect to Freddie Mac on or about 7 September 2008, when the Treasury Department of the United States of America seized control of Freddie Mac and placed it in a government-operated conservatorship. The Notice also comprises a Notice of Publicly Available Information with respect to the Credit Event. 


Copies of the Notice will be available for physical inspection and collection free of charge during usual business hours on any weekday (Saturdays, Sundays and public holidays excepted) at the specified office of the Issuer for so long as any of the Notes shall remain outstanding (unless otherwise indicated).



Given by the Issuer.


Enquiries:




Matheson Ormsby Prentice

Ulrich Steynberg

Phone: +353 1 232 2272

COMPANY ANNOUNCEMENT




7 October 2008



Magnolia Finance VI plc (the 'Issuer')



Re: Credit Event Notice 


Series 2007-6 USD 55,000,000C-STAR Credit Linked Notes due 2014 (the 'Notes')

    

We hereby notify you that, on 6 October 2008, Credit Suisse, Cayman Islands Branch ('CS') has delivered to the Issuer in respect of the Notes, a Credit Event Notice (the 'Notice') relating to the Federal Home Loan Mortgage Corporation ('Freddie Mac') in accordance with the Credit Default Swap transaction relating to the Notes dated 11 June 2007 between CS and the Issuer. Terms not otherwise defined herein shall have the meanings given to them in the Constituting Instrument dated 11 June 2007 in relation to the Notes (the 'Constituting Instrument').

    

In the Notice, CS has notified the Issuer that a Bankruptcy Credit Event has occurred with respect to Freddie Mac on or about 7 September 2008, when the Treasury Department of the United States of America seized control of Freddie Mac and placed it in a government-operated conservatorship.  The Notice also comprises a Notice of Publicly Available Information with respect to the Credit Event. 


Copies of the Notice will be available for physical inspection and collection free of charge during usual business hours on any weekday (Saturdays, Sundays and public holidays excepted) at the specified office of the Issuer for so long as any of the Notes shall remain outstanding (unless otherwise indicated).



Given by the Issuer.


Enquiries:




Matheson Ormsby Prentice

Ulrich Steynberg

Phone: +353 1 232 2272


COMPANY ANNOUNCEMENT




7 October 2008



Magnolia Finance VI plc (the 'Issuer')



Re: Credit Event Notice 


Series 2006-7 EUR 51,000,000 Fortis Investments Managed Credit CPPI Variable Interest Notes due 2015 (the 'Notes')

    

We hereby notify you that, on 6 October 2008, Credit Suisse, Cayman Islands Branch ('CS') has delivered to the Issuer in respect of the Notes, a Credit Event Notice (the 'Notice') relating to the Federal Home Loan Mortgage Corporation ('Freddie Mac') in accordance with the Credit Default Swap transaction relating to the Notes dated 24 February 2006 between CS and the Issuer.  Terms not otherwise defined herein shall have the meanings given to them in the Constituting Instrument dated 24 February 2006 in relation to the Notes (the 'Constituting Instrument').

    

In the Notice, CS has notified the Issuer that a Bankruptcy Credit Event has occurred with respect to Freddie Mac on or about 7 September 2008, when the Treasury Department of the United States of America seized control of Freddie Mac and placed it in a government-operated conservatorship.  The Notice also comprises a Notice of Publicly Available Information with respect to the Credit Event. 


Copies of the Notice will be available for physical inspection and collection free of charge during usual business hours on any weekday (Saturdays, Sundays and public holidays excepted) at the specified office of the Issuer for so long as any of the Notes shall remain outstanding (unless otherwise indicated).



Given by the Issuer.


Enquiries:




Matheson Ormsby Prentice

Ulrich Steynberg

Phone: +353 1 232 2272





COMPANY ANNOUNCEMENT




7 October 2008



Magnolia Finance VI plc (the 'Issuer')



Re: Credit Event Notice 


2007-3 JPY 3,000,000,000 C-STAR Credit Linked Notes due 2017 (the 'Notes')

    

We hereby notify you that, on 6 October 2008, Credit Suisse, Cayman Islands Branch ('CS') has delivered to the Issuer in respect of the Notes, a Credit Event Notice (the 'Notice') relating to the Federal Home Loan Mortgage Corporation ('Freddie Mac') in accordance with the Credit Default Swap transaction relating to the Notes dated 29 May 2007 between CS and the Issuer. Terms not otherwise defined herein shall have the meanings given to them in the Constituting Instrument dated 29 May 2007 in relation to the Notes (the 'Constituting Instrument').

    

In the Notice, CS has notified the Issuer that a Bankruptcy Credit Event has occurred with respect to Freddie Mac on or about 7 September 2008, when the Treasury Department of the United States of America seized control of Freddie Mac and placed it in a government-operated conservatorship.  The Notice also comprises a Notice of Publicly Available Information with respect to the Credit Event. 


Copies of the Notice will be available for physical inspection and collection free of charge during usual business hours on any weekday (Saturdays, Sundays and public holidays excepted) at the specified office of the Issuer for so long as any of the Notes shall remain outstanding (unless otherwise indicated).



Given by the Issuer.


Enquiries:




Matheson Ormsby Prentice

Ulrich Steynberg

Phone: +353 1 232 2272



COMPANY ANNOUNCEMENT




7 October 2008



Magnolia Finance VI plc (the 'Issuer')



Re: Credit Event Notice 


Series 2006-16 USD 55,000,000 Ashworth Synthetic CDO Portfolio Credit Linked Notes due 20 December 2016 (the 'Notes')

    

We hereby notify you that, on 6 October 2008, Credit Suisse, Cayman Islands Branch ('CS') has delivered to the Issuer in respect of the Notes, a Credit Event Notice (the 'Notice') relating to the Federal Home Loan Mortgage Corporation ('Freddie Mac') in accordance with the Credit Default Swap transaction relating to the Notes dated 18 December 2006 between CS and the Issuer. Terms not otherwise defined herein shall have the meanings given to them in the Constituting Instrument dated 18 December 2006 in relation to the Notes (the 'Constituting Instrument').

    

In the Notice, CS has notified the Issuer that a Bankruptcy Credit Event has occurred with respect to Freddie Mac on or about 7 September 2008, when the Treasury Department of the United States of America seized control of Freddie Mac and placed it in a government-operated conservatorship.  The Notice also comprises a Notice of Publicly Available Information with respect to the Credit Event. 


Copies of the Notice will be available for physical inspection and collection free of charge during usual business hours on any weekday (Saturdays, Sundays and public holidays excepted) at the specified office of the Issuer for so long as any of the Notes shall remain outstanding (unless otherwise indicated).



Given by the Issuer.


Enquiries:




Matheson Ormsby Prentice

Ulrich Steynberg

Phone: +353 1 232 2272



COMPANY ANNOUNCEMENT




7 October 2008



Magnolia Finance VI plc (the 'Issuer')



Re: Credit Event Notice 


Series 2006-15 EUR 85,500,000 Derwent Synthetic CDO Portfolio Variable Step Down Credit Linked Notes due 20 June 2014 (the 'Notes')

    

We hereby notify you that, on 6 October 2008, Credit Suisse, Cayman Islands Branch ('CS') has delivered to the Issuer in respect of the Notes, a Credit Event Notice (the 'Notice') relating to the Federal Home Loan Mortgage Corporation ('Freddie Mac') in accordance with the Credit Default Swap transaction relating to the Notes dated 22 November 2006 as amended and restated on 15 December 2006 between CS and the Issuer.. Terms not otherwise defined herein shall have the meanings given to them in the Constituting Instrument dated 22 November 2008 in relation to the Notes (the 'Constituting Instrument').

    

In the Notice, CS has notified the Issuer that a Bankruptcy Credit Event has occurred with respect to Freddie Mac on or about 7 September 2008, when the Treasury Department of the United States of America seized control of Freddie Mac and placed it in a government-operated conservatorship.. The Notice also comprises a Notice of Publicly Available Information with respect to the Credit Event. 


Copies of the Notice will be available for physical inspection and collection free of charge during usual business hours on any weekday (Saturdays, Sundays and public holidays excepted) at the specified office of the Issuer for so long as any of the Notes shall remain outstanding (unless otherwise indicated).



Given by the Issuer.


Enquiries:




Matheson Ormsby Prentice

Ulrich Steynberg

Phone: +353 1 232 2272



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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