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E-MAC DE 2005-I B.V. (IRSH)

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Friday 14 February, 2020

E-MAC DE 2005-I B.V.

E-MAC DE 2005-I Put Option Notice

RNS Number : 1015D
E-MAC DE 2005-I B.V.
14 February 2020
 

THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

 

This notice is made pursuant to the Act on Financial Supervision (Wet op het financieel toezicht).

If you are in any doubt as to the action you should take, you are recommended to seek your own financial, legal or other advice immediately from your stockbroker, bank manager, solicitor, accountant or other appropriately authorized independent financial advisor.

 

E-MAC DE 2005-I B.V.
(the "Issuer")

Notice is hereby given with respect to notes of each of the following class(es):

€ 259,200,000 Senior Class A Mortgage Backed Notes 2005 due 2047, issue price 100 per cent.

ISIN: XS0221900243

€ 18,600,000 Mezzanine Class B Mortgage Backed Notes 2005 due 2052, issue price 100 per cent.

ISIN: XS0221901050

€ 9,900,000 Junior Class C Mortgage Backed Notes 2005 due 2052, issue price 100 per cent.

ISIN: XS0221902538

€ 9,300,000 Subordinated Class D Mortgage Backed Notes 2005 due 2052, issue price 100 per cent.

ISIN: XS0221903429

€ 3,000,000 Subordinated Class E Mortgage Backed Notes 2005 due 2052, issue price 100 per cent.

ISIN: XS0221904237

 (the "Put Option Notes" and each class of Notes, a "Class of Put Option Notes" and together the "Classes of Put Option Notes" and the holders thereof the "Put Option Noteholders")

Capitalised terms used herein have the meanings defined or construed in the Master Definitions Agreement dated 22 June 2005 as amended on 8 September 2015.

 

Amsterdam, 14 February 2020

This notice is being given pursuant to Condition 6 (d) (v) (2) of the Terms and Conditions of the Notes.

Notice is hereby given by the Issuer that all of the Rating Agencies S&P, Fitch and Moody's have confirmed the ratings assigned to the Put Option Notes are not expected to be impacted by the Put Option Notes not being redeemed.

The Issuer does not have funds available to redeem the Put Option Notes which are subject to redemption on the upcoming Put Date, i.e. the 25th of February 2020.

Therefore, none of the Put Option Notes will be redeemed on the Put Date, in accordance with and subject to the Terms and Conditions of the Notes and, consequently, the Extension Margins will apply as from the First Put Date as published on the 4th of May 2012.

 

Intertrust Management B.V.

Director of the Issuer

Prins Bernhardplein 200

1097 JB Amsterdam, The Netherlands

[email protected]

 

 

 

This announcement has been issued through the Companies Announcement Service of Euronext Dublin.

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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