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Lannraig amends series 2018-1 class 1A and class 2A notes due 2069
By Sarah Lizee
Olympia, Wash., Aug. 6 – Lannraig Master Issuer plc notified holders of its £450 million of series 2018-1 class 1A notes due 2069 (ISIN: XS1886621538) and £250 million series 2018-1 class 2A notes due 2069 (ISIN: XS188662170) that the notes’ terms have been amended following an extraordinary resolution.
The amendments will take effect on Aug. 19, according to a London Stock Exchange.
The amendments include, among other things, certain amendments required to change the benchmark rate for notes to compounded daily Sonia from three-month sterling Libor.
Lannraig is based in London and provides mortgage lending services.
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