Precise Mortgage Funding 2014-1 plc to redeem all notes on June 12

By Wendy Van Sickle

Columbus, Ohio, May 24 – Precise Mortgage Funding 2014-1 plc will redeem all of its notes due September 2047 at par plus accrued interest on June 12, according to a notice.

The notes include

• £199.7 million class A mortgage backed floating-rate notes;

• £10 million class B mortgage backed floating-rate notes;

• £15 million class C mortgage backed floating-rate notes;

• £5.4 million class D mortgage backed floating-rate notes;

• £4.9 million class Z mortgage backed fixed-rate notes; and

• £6,903,000 subordinated fixed-rate notes.

The notes were issued in 2014.

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