Thrones 2015-1 won’t redeem notes on June 18; conversations ongoing

By Sarah Lizee

Olympia, Wash., June 5 – Thrones 2015-1 plc said its notes will not be redeemed on the optional redemption date, June 18.

Dominions Mortgages DAC, the portfolio option holder, notified the issuer that conversations in relation to the possible sale or refinancing of the mortgage portfolio are ongoing.

Redwood Administration Ltd., as market portfolio purchase agent appointed by the issuer, will negotiate the terms of any sale after the optional redemption date.

The notes include the following:

• £144.55 million class A notes due 2050 (ISIN: XS1270541342);

• £30.97 million class B notes due 2050 (ISIN: XS1270543397);

• £22.12 million class C notes due 2050 (ISIN: XS1270545764);

• £22.12 million class D notes due 2050 (ISIN: XS1270549675); and

• £13.27 million class E notes due 2050 (ISIN: XS1270551226).

Citicorp Trustee Co. Ltd. is the trustee.

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