Issuer |
Paragon Mortgages (No.18) PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ |
Closing Date |
20 September 2013 |
Originator |
Paragon Mortgages (2010) Limited, 51 Homer Road, Solihull, West Midlands, B91 3QJ |
Notes Issued |
Class A Notes |
Class B Notes |
Class C Notes |
Class D Notes |
Original Rating (S&P/Fitch) |
AAA/AAA |
AA/AA |
A/A |
Unrated |
Current Rating (S&P/Fitch) |
AAA/AAA |
AAA/AAA |
AA+/A |
Unrated |
Original Notes |
£238,100,000 |
£15,700,000 |
£13,700,000 |
£5,500,000 |
Note Denominations |
£100,000 |
£100,000 |
£100,000 |
£100,000 |
Margins |
115bp |
170bp |
240bp |
275bp |
Call Option Dates |
December 2016 |
December 2016 |
December 2016 |
December 2016 |
Principal Determination Dates |
Last business day of November, February, May, August |
Quarterly Interest Payment Dates |
15 December, 15 March, 15 June, 15 September |
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 |
Paragon Mortgages (2010) 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 |
Standard & Poor's, 20 Canada Square, Canary Wharf, London E14 5LH 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 |
Berwin Leighton Paisner LLP, Adelaide House, London Bridge, London, EC4R 9HA |
Legal Advisors to the Trustee |
Simmons & Simmons LLP, City Point, One Ropemaker Street, London EC2Y 9SS |
Auditors to the Issuer |
KPMG, One Snowhill, Snowhill Queensway, Birmingham, B4 6GH |
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 Pavilions, Bridgwater Road, Bristol, BS13 8AE |
Basis Hedge Provider |
Macquarie Bank Limited, London Branch, Ropemaker Place, 28 Ropemaker Street, London EC2Y 9HD Lloyds TSB Bank PLC, 10 Gresham Street, London EC2V 7AE |