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Prospect News home > News index > List of issuers L > Headlines for Lannraig Master Issuer plc > News item
Published on 8/6/2020 in the Prospect News Liability Management Daily.

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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