Issuer |
Paragon Mortgages (No.16) PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ |
Closing Date |
10 November 2011 |
Originator |
Paragon Mortgages (2010) Limited, 51 Homer Road, Solihull, West Midlands, B91 3QJ |
Notes Issued |
Class A Notes |
Class Z Notes |
Original Rating (Moody’s/Fitch) |
Aaa/AAA |
NR |
Current Rating (Moody’s/Fitch) |
Aaa/AAA |
NR |
Original Notes |
£131,700,000 |
£32,100,000 |
Note Denominations |
£100,000 |
£100,000 |
Margins |
275bp |
325bp |
Call Option Dates |
15 October 2014 |
15 October 2014 |
Principal Determination Dates |
Last business day of December, March, June, September |
Quarterly Interest Payment Dates |
15 January, 15 April, 15 July, 15 October |
Lead Managers |
Lloyds TSB Bank PLC, 25 Gresham Street, London, EC2V 7HN Macquarie Bank Limited, London Branch, Ropemaker Place, 28 Ropemaker Street, London EC2Y 9HD Morgan Stanley & Co. International PLC, 25 Cabot Square, Canary Wharf, London E14 4QA |
Administrator |
Moorgate Asset Administration Limited, 51 Homer Road, Solihull, West Midlands, B91 3QJ |
Trustee |
Citicorp Trustee Company Limited, Citigroup Centre, Canada Square, Canary Wharf, London, E14 5LB |
Rating Agencies |
Moody’s Investor Services Limited, One Canada Square, Canary Wharf, London E14 5FA Fitch Ratings Limited, 30 North Colonnade, London, E14 5GN |
Principal Paying / Reference Agent |
Citibank, N.A., London Branch, Citigroup Centre, 21st Floor, Canada Square, Canary Wharf, London, E14 5LB |
Legal Advisors to the Issuer/Administrator |
Clifford Chance LLP, 10 Upper Bank Street, Canary Wharf, London, E14 5JJ |
Legal Advisors to the Lead Managers |
Allen & Overy LLP, One Bishops Square, London, E1 6AD |
Legal Advisors to the Trustee |
Simmons & Simmons LLP, City Point, One Ropemaker Street, London EC2Y 9SS |
Auditors to the Issuer |
Deloitte, Four Brindleyplace, Birmingham, B1 2HZ |
Underlying Assets |
Investment Home Loans |
Subordinated Loan Provider |
Paragon Finance PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ |
Substitute Administrator |
Homeloan Management Limited, The Bailey, Skipton, North Yorkshire, BD23 IDN |
Substitute Administrator Facilitator |
Structured Finance Management Limited, 35 Great St. Helen’s, London, EC3A 6AP |
Basis Hedge Provider |
Macquarie Bank Limited, London Branch, Ropemaker Place, 28 Ropemaker Street, London EC2Y 9HD |