Holmes Master Issuer plc Notice to Noteholders - pricing results (6715P)

TIDM37XJ

RNS Number : 6715P

Holmes Master Issuer plc

11 October 2019

Notice to Noteholders

Holmes Master Issuer plc

11 October 2019

HOLMES MASTER ISSUER PLC

(incorporated with limited liability in England and Wales registered number 5953811)

(the Issuer)

2 Triton Square

Regent's Place

London NW1 3AN

NOTICE

to the holders of:

 
                     Series of Notes                     Issue Date 
   GBP250,000,000 Series 1 Class A2 Issue 2017-1     4 October 2017 
   Residential Mortgage-Backed Notes due October 
    2054 (ISIN: XS1693009091) (the Series 2017-1 
                       Notes) 
                                                    --------------- 
   GBP300,000,000 Series 1 Class A3 Issue 2018-1     16 March 2018 
   Residential Mortgage-Backed Notes due October 
     2054 (U.S. Global Note ISIN: XS1791483826; 
  Reg S Global Note ISIN XS1791440859) (the Series 
                   2018-1 Notes) 
                                                    --------------- 
 

(together, the Notes and each a Series of Notes)

Further to the Issuer's announcement earlier today, the Issuer hereby announces that:

   (a)         in connection with the Series 2017-1 Notes: 

(i) the Series 2017-1 LIBOR vs SONIA Interpolated Basis (as calculated by the Solicitation Agents at the Pricing Time) is 0.150 per cent.;

(ii) the New Margin is 0.570 per cent. (being the sum of 0.420 per cent. and the Series 2017-1 LIBOR vs SONIA Interpolated Basis); and

(iii) the New Step-Up Margin is 0.990 per cent. (being the sum of 0.840 per cent. and the Series 2017-1 LIBOR vs SONIA Interpolated Basis); and

   (b)         in connection with the Series 2018-1 Notes: 

(i) the Series 2018-1 LIBOR vs SONIA Interpolated Basis (as calculated by the Solicitation Agents at the Pricing Time) is 0.153 per cent.;

(ii) the New Margin is 0.513 per cent. (being the sum of 0.360 per cent. and the Series 2018-1 LIBOR vs SONIA Interpolated Basis); and

(iii) the New Step-Up Margin is 0.873 per cent. (being the sum of 0.720 per cent. and the Series 2018-1 LIBOR vs SONIA Interpolated Basis),

each with effect from 15 October 2019.

The Issuer will shortly arrange execution and delivery of (i) the Amended and Restated Series 2017-1 Final Terms; (ii) the Amended and Restated Series 2018-1 Final Terms; (iii) the Supplemental Trust Deed; and (iv) the Intercompany Loan Agreement Supplement, each of which will be made available on the website of the Issuer at https://www.santander.co.uk/uk/about-santander-uk/investor-relations/holmes-master-trust.

Capitalised terms used but not defined herein shall have the meanings set out in the Notice of Meeting with respect to each Series of Notes dated 19 September 2019 and the Consent Solicitation Memorandum of the Issuer dated 19 September 2019.

Disclaimer - Intended Addressees

Please note that the information contained in this announcement may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Consent Solicitation Memorandum) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the relevant Consent Solicitation Memorandum is not addressed. Prior to relying on the information contained in the Consent Solicitation Memorandum you must ascertain from the Consent Solicitation Memorandum whether or not you are part of the intended addressees of the information contained therein.

Your right to access this service is conditional upon complying with the above requirement.

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 [e-mail] or visit www.rns.com.

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October 11, 2019 09:36 ET (13:36 GMT)