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Published on 10/18/2011 in the Prospect News Liability Management Daily.

Penarth Master Issuer to redeem £500 million of asset-backed floaters

By Susanna Moon

Chicago, Oct. 18 - Penarth Master Issuer plc said it plans to redeem its £500 million of series 2010-A2 asset-backed floating-rate notes due 2015.

Penarth will pay par plus accrued interest up to the redemption date, which is Nov. 18.

Penarth Master Issuer is based in London.


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