Issuer |
Homeloans (No.2) PLC, St Catherine's Court, Herbert Road, Solihull, West Midlands, B91 3QE |
Closing Date |
June 1996 |
Originator |
The National Home Loans Corporation PLC, St. Catherine's Court, Herbert Road, Solihull, West Midlands, B91 3QE
Paragon Mortgages Limited, St Catherine's Court, Herbert Road, Solihull, West Midlands, B91 3QE |
Notes Issued |
Class A1 |
Class A2 |
Mezzanine |
|
£70,000,000 |
£141,250,000 |
£31,250,000 |
Margins |
6.25bp |
14bp |
70bp |
Step Up Dates |
31 August 1998 |
31 August 2002 |
31 August 2002 |
Step Up Margins |
20bp |
45bp |
150bp |
Optional Redemption Dates |
31 August 1998 |
31 August 1999 |
31 August 1999 |
Principal Determination Dates |
Nine days, or if earlier, 5 business days prior to the Interest Payment Date |
Interest Payment Dates |
Last Business Day of May, August, November and February |
Lead Manager |
J.P. Morgan Securities Ltd, 60 Victoria Embankment, london, EC4Y 0JP |
Administrator |
Paragon Finance PLC, St. Catherine's Court, Herbert Road, Solihull, West Midlands, B91 3QE |
Trustee |
Citicorp Trustee Company Limited, Citigroup Centre, 14th Floor, Canada Square, Canary Wharf, London, WC2R 1HB |
Rating Agency |
Moody’s Investor Services Limited, 2 Minster Court, Mincing Lane, London, EC3R 7XB |
Principal Paying / Reference Agent/Exchange Rate Agent |
Citibank N.A., Citigroup Centre, 5 Carmelite Street, London, EC4Y 0PA |
Legal Advisors to the Issuer/Administrator |
Slaughter and May, 35 Basinghall Street, London, EC2V 5DB |
Legal Advisors to the Lead Managers and Trustee |
Simmons & Simmons, CityPoint, One Ropemaker Street, London, EC2Y 9SS |
Auditors to the Issuer |
Deloitte & Touche, Colmore Gate, 2 Colmore Row, Birmingham, B3 2BN |
Underlying Assets |
First Charged Residential Mortgages |
Subordinated Loan Provider |
Paragon Finance PLC, St. Catherine's Court, Hervert Road, Solihull, West Midlands, B91 3QE |
Stand By Servicer |
Barclays Bank PLC, acting through Barclays Mortgages (PO Box 444, Leeds, LS11 8DD) |
SWAP Counterparty |
Morgan Guaranty Trust Company of New York, 60 Victoria Embankment, London, EC4Y 0JP |