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Published on 10/17/2011 in the Prospect News Liability Management Daily.

Gracechurch to redeem its 2006-1 Step Up notes

By Tali David

Minneapolis, Oct. 17 - Gracechurch Mortgage Financing plc plans to redeem its series 2006-1 Step Up notes on Nov. 21, according to a filing with the London Stock Exchange.

The following notes will be redeemed:

• €1.7 billion A5 notes;

• €167 million B3 notes;

• £23 million B4 notes;

• €91 million C3 notes;

• £56 million C4 notes;

• $70 million D2 notes;

• €211 million D3 notes; and

• £20 million D4 notes.


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