Notice of Redemption

 

TIDM35YA 
 
RNS Number : 9432D 
Permanent Financing (No.6) PLC 
10 December 2009 
 
RNS ANNOUNCEMENT 
 
 
 
 
PERMANENT FINANCING (NO. 6) PLC (the Sixth Issuer) 
 
 
NOTICE OF REDEMPTION 
EUR750,000,000 Series 4 Class A Asset Backed Floating Rate Notes due June 2042 
(ISIN: XS0205329559 - Common Code: 020532955 - CUSIP: N/A) 
 EUR26,100,000 
Series 4 Class B Asset Backed Floating Rate Notes due June 2042 (ISIN: 
XS0205331027 - Common Code: 020533102 - CUSIP: N/A) 
 EUR25,300,000 Series 4 
Class C Asset Backed Floating Rate Notes due June 2042 (ISIN: XS0205331290 - 
Common Code: 020533129 - CUSIP: N/A) 
 GBP500,000,000 Series 5 Class A1 Asset 
Backed Floating Rate Notes due June 2042 (ISIN: XS0205328742 - Common Code: 
020532874 - CUSIP: N/A) 
 GBP500,000,000 Series 5 Class A2 Asset Backed 
Floating Rate Notes due June 2042 (ISIN: XS0205326969 - Common Code: 020532696 - 
CUSIP: N/A) 
 GBP34,800,000 Series 5 Class B Asset Backed Floating Rate Notes 
due June 2042 (ISIN: XS0205327777 - Common Code: 020532777 - CUSIP: 
N/A) 
 GBP33,700,000 Series 5 Class C Asset Backed Floating Rate Notes due 
June 2042 (ISIN: XS0205328155 - Common Code: 020532815 - CUSIP: N/A) 
each issued by the Sixth Issuer 
 (the Sixth Issuer Notes and the holders 
thereof the Noteholders) 
constituted by a Trust Deed dated 18 November 2004 between the Sixth 
Issuer 
 and The Bank of New York Mellon (the Trustee) as trustee for the 
Noteholders (the Note Trustee) 
10 December 2009 
Notice is given by the Sixth Issuer to the Noteholders that the Seller on the 
Funding 1 Interest Payment Date that occurred on 10 December 2009 made a payment 
to Funding 1 pursuant to Clause 7.1(a) of the Mortgages Trust Deed in an amount 
which together with the Funding 1 Available Principal Receipts that were 
available to Funding 1 in accordance with the Funding 1 Pre-Enforcement 
Principal Priority of Payments was sufficient to enable Funding 1 to: 
(a)       repay the final Scheduled Amortisation Instalment in respect of the 
Fourth Issuer Series 4 Term AAA Advance, 
 

          the Fourth Issuer 
Series 4 Term AA Advance and the Fourth Issuer Series 4 Term A Advance due under 
the 
 

          Fourth Issuer Intercompany Loan Agreement which enabled the 
Fourth Issuer to redeem the following Fourth 
 

          Issuer Notes in 
full on the Interest Payment Date that occurred on 10 December 2009: 
           (i)     EUR1,500,000,000 Series 4 Class A Asset Backed Floating Rate 
Notes due March 2034; 
           (ii)    EUR85,000,000 Series 4 Class B Asset Backed Floating Rate Notes 
due June 2042; and 
           (iii)   EUR62,500,000 Series 4 Class M Asset Backed Floating Rate Notes 
due June 2042; 
(b)       repay the final Scheduled Amortisation Instalment in respect of the 
Fifth Issuer Series 4 Term AAA Advance, the 
 

          Fifth Issuer Series 
4 Term AA Advance and the Fifth Issuer Series 4 Term BBB Advance due under the 
Fifth 
 

          Issuer Intercompany Loan Agreement which enabled the Fifth 
Issuer to redeem the following Fifth Issuer Notes in 
 

          full on the 
Interest Payment Date that occurred on 10 December 2009: 
           (i)     EUR1,000,000,000 Series 4 Class A Asset Backed Floating Rate 
Notes due June 2042; 
           (ii)    EUR43,500,000 Series 4 Class B Asset Backed Floating Rate Notes 
due June 2042; and 
           (iii)   EUR36,000,000 Series 4 Class C Asset Backed Floating Rate Notes 
due June 2042; 
(c)       repay the final Scheduled Amortisation Instalment in respect of the 
Sixth Issuer Series 4 Term AAA Advance due 
 

          under the Sixth 
Issuer Intercompany Loan Agreement which enabled the Sixth Issuer to redeem the 
following 
 

          Sixth Issuer Notes in part on the Interest Payment 
Date that occurred on 10 December 2009: 
           (i)    EUR750,000,000 Series 4 Class A Asset Backed Floating Rate Notes 
due June 2042; and 
(d)       repay the Scheduled Amortisation Instalment in respect of the Seventh 
Issuer Series 3 Term AAA Advance due 
 

          under the Seventh Issuer 
Intercompany Loan Agreement which enabled the Seventh Issuer to redeem the 
following 
 

          Seventh Issuer Notes in part on the Interest Payment 
Date that occurred on 10 December 2009: 
           (i)   EUR1,700,000,000 Series 3 Class A Asset Backed Floating Rate 
Notes due September 2032. 
All defined terms used in this notice shall have the meaning given to them in 
the Fourth Issuer Master Definitions and Construction Schedule dated 12 March 
2004, the Fifth Issuer Master Definitions and Construction Schedule dated 22 
July 2004, the Sixth Issuer Master Definitions and Construction Schedule dated 
18 November 2004, the Seventh Issuer Master Definitions and Construction 
Schedule dated 23 March 2005 and the Amended and Restated Master Definitions and 
Construction Schedule dated 24 September 2009 (as applicable). 
For further information please contact: 
 
 
Bank of Scotland plc 
Structured Securitisation Group 
10 Gresham Street 
London 
EC2V 7AE 
Attention: Gavin Parker 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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