Cordusio redeems class A1 mortgage-backed floaters, will redeem more

By Sarah Lizee

Olympia, Wash., May 29 – Cordusio RMBS Securitisation Srl redeemed its €500 million of class A1 residential mortgage-backed floating-rate notes due 2035 in full, according to a filing with the London Stock Exchange.

The issuer will also redeem its €1,892,000,000 of class A2 residential mortgage-backed floating-rate notes due 2035, its €45.7 million of class B residential mortgage-backed floating-rate notes due 2035 and its €96 million of class C residential mortgage-backed floating-rate notes due 2035.

Those notes will be redeemed on June 28 at par plus accrued interest up to the redemption date.

Cordusio will also redeem on June 28 its junior notes at the lower of (a) par plus accrued interest to the redemption date and (2) the funds available to the issuer after payment of all other claims ranking in priority to the junior notes.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.