Issuer |
Paragon Mortgages (No.19) PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ |
Closing Date |
18 March 2014 |
Originator |
Paragon Mortgages (2010) Limited, 51 Homer Road, Solihull, West Midlands, B91 3QJ Mortgage Trust 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/Moody's) |
AAA/AAA/Aaa |
AA/AA/Aa2 |
A/A+/A1 |
Unrated |
Current Rating (S&P/Fitch/Moody's) |
AAA/AAA/Aaa |
AAA/AAA/Aaa |
AA+/AA/Aa1 |
Unrated |
Original Notes |
£313,200,000 |
£15,800,000 |
£14,000,000 |
£7,000,000 |
Note Denominations |
£100,000 |
£100,000 |
£100,000 |
£100,000 |
Margins |
85bp |
120bp |
160bp |
195bp |
Call Option Dates |
May 2017 |
May 2017 |
May 2017 |
May 2017 |
Principal Determination Dates |
Last business day of July, October, January, April |
Quarterly Interest Payment Dates |
15 August, 15 November, 15 February, 15 May |
Lead Managers |
Lloyds 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 |
Administrators |
Paragon Mortgages (2010) Limited, 51 Homer Road, Solihull, West Midlands, B91 3QJ Mortgage Trust Services plc, 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 Moody's Investors Service Limited, One Canada Square, Canary Wharf, London, E14 5FA |
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/Administrators |
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 |
KPMG, One Snowhill, Snowhill Queensway, Birmingham, B4 6GH |
Underlying Assets |
Investment Home Loans and owner occupied first charged residential mortgages |
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 |
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 Lloyds Bank PLC, 10 Gresham Street, London EC2V 7AE |