Southern PacSec 04-2 Notice to Noteholders

 
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SOUTHERN PACIFIC SECURITIES 04-2 PLC 
 
                   Notice to the holders of all outstanding 
 
      EUR100,000,000 Class A1a Mortgage Backed Floating Rate Notes due 2025 
   (Common Code Reg S: 019660982; Common Code 144A: 019695204; ISIN - Reg S: 
      XS0196609829; ISIN - 144A: US84359VAA08) Issue Price: 100 per cent. 
 
    U.S.$100,000,000 Class A1b Mortgage Backed Floating Rate Notes due 2025 
 
   (Common Code Reg S: 019661083; Common Code 144A: 019695298; ISIN - Reg S: 
      XS0196610835; ISIN - 144A: US84359VAB80) Issue Price: 100 per cent. 
 
      GBP180,900,000 Class A1c Mortgage Backed Floating Rate Notes due 2025 
 
   (Common Code Reg S: 019661156; Common Code 144A: 019695344; ISIN - Reg S: 
      XS0196611569; ISIN - 144A: US84359VAC63) Issue Price: 100 per cent. 
 
      EUR100,000,000 Class A2a Mortgage Backed Floating Rate Notes due 2042 
 
   (Common Code Reg S: 019661202; Common Code 144A: 019695484; ISIN - Reg S: 
      XS0196612021; ISIN - 144A: US84359VAD47) Issue Price: 100 per cent. 
 
      GBP235,200,000 Class A2c Mortgage Backed Floating Rate Notes due 2042 
 
          (Common Code Reg S: 019661296; ISIN - Reg S: XS0196612963) 
 
      (with Class A2c Detachable Coupons)  (Common Code: 019741273; ISIN: 
            XS0197412736)  Issue Price: 100 per cent. plus premium 
 
    U.S.$22,500,000 Class B1b Mortgage Backed Floating Rate Notes due 2042 
 
   (Common Code Reg S: 019661342; Common Code 144A: 019695891; ISIN - Reg S: 
      XS0196613425; ISIN - 144A: US84359VAH50) Issue Price: 100 per cent. 
 
      GBP31,600,000 Class B1c Mortgage Backed Floating Rate Notes due 2042 
 
   (Common Code Reg S: 019661482; Common Code 144A: 019695964; ISIN - Reg S: 
      XS0196614829; ISIN - 144A: US84359VAJ17) Issue Price: 100 per cent. 
 
       EUR5,000,000 Class C1a Mortgage Backed Floating Rate Notes due 2042 
 
   (Common Code Reg S: 019661539; Common Code 144A: 019696197; ISIN - Reg S: 
      XS0196615396; ISIN - 144A: US84359VAK89) Issue Price: 100 per cent. 
 
      GBP19,400,000 Class C1c Mortgage Backed Floating Rate Notes due 2042 
 
   (Common Code Reg S: 019661636; Common Code 144A: 019696278; ISIN - Reg S: 
      XS0196616360; ISIN - 144A: US84359VAM46) Issue Price: 100 per cent. 
 
       EUR5,000,000 Class D1a Mortgage Backed Floating Rate Notes due 2042 
 
   (Common Code Reg S: 019661652; Common Code 144A: 019696332; ISIN - Reg S: 
      XS0196616527; ISIN - 144A: US84359VAN29) Issue Price: 100 per cent. 
 
      GBP19,400,000 Class D1c Mortgage Backed Floating Rate Notes due 2042 
 
   (Common Code Reg S: 019661806; Common Code 144A: 019696383; ISIN - Reg S: 
      XS0196618069; ISIN - 144A: US84359VAQ59) Issue Price: 100 per cent. 
 
        GBP7,000,000 Class E Mortgage Backed Floating Rate Notes due 2042 
 
 (Common Code Reg S: 019661849; ISIN - Reg S: XS0196618499)  Issue Price: 100 
                                   per cent. 
 
                            (together the "Notes") 
 
                issued by Southern Pacific Securities 04-2 plc 
 
                                 (the "Issuer") 
 
The Issuer would like to draw Noteholders attention to the following notice 
that was published on today's date in the Financial Times which shall 
constitute the notice to Noteholders pursuant to Condition 14: 
 
NOTICE IS HEREBY GIVEN to the Noteholders that the Mortgage Administrator has 
delivered a notice to the Issuer in accordance with the provisions of Clause 30 
(Option) of the Mortgage Administration Agreement, confirming that it is 
exercising its option to purchase all (but not some only) of the Loans and the 
Collateral Security from the Issuer on the Interest Payment Date falling in 
March 2018. 
 
Accordingly, the Issuer is hereby providing notice to the Noteholders in 
accordance with Condition 5(d) (Early Redemption) that it will, on the Interest 
Payment Date falling in March 2018, redeem the Notes in accordance with 
Condition 5(d) (Early Redemption). 
 
Noteholders who have queries in relation to the above matters should contact 
the Issuer - email: [e-mail]; attn.: The Directors for 
further information. 
 
Defined terms used in this notice will have the meaning given to them in the 
prospectus of the Issuer dated 29 July 2004. 
 
9 February 
2018 
 
                                                           for and on behalf of 
 
 
                                           Southern Pacific Securities 04-2 plc 
 
 
 
END 
 

(END) Dow Jones Newswires

February 09, 2018 06:34 ET (11:34 GMT)