Issuer |
Paragon Mortgages (No.8) PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ |
Closing Date |
October 2004 |
Originators |
Paragon Mortgages Limited, 51 Homer Road, Solihull, West Midlands, B91 3QJ Mortgage Trust Limited, 51 Homer Road, Solihull, West Midlands, B91 3QJ |
Notes Issued |
Class A1a |
Class A1b |
Class A2a |
Class A2b |
Class B1a |
Class B1b |
Original Rating (S&P/Moody’s/Fitch) |
AAA/Aaa/AAA |
AAA/Aaa/AAA |
AAA/Aaa/AAA |
AAA/Aaa/AAA |
A/A2/A |
A/A2/A |
Current Rating (S&P/Moody’s/Fitch) |
AAA/Aaa/AAA |
AAA/Aaa/AAA |
AA/Aaa/AAA |
AA/Aaa/AAA |
A-/A2/A |
A-/A2/A |
Original Notes |
£50,000,000 |
€330,000,000 |
£305,000,000 |
€453,000,000 |
£65,000,000 |
€50,000,000 |
GBP Equivalent |
£50,000,000 |
£230,000,000 |
£305,000,000 |
£315,000,000 |
£65,000,000 |
£35,000,000 |
Currency Exchange Rates |
N/A |
£1 : €1.43 |
N/A |
£1 : €1.44 |
N/A |
£1 : €1.43 |
Note Denominations |
£50,000 |
€50,000 |
£50,000 |
€50,000 |
£50,000 |
€50,000 |
Initial Margins |
11bp |
11bp |
19bp |
18bp |
65bp |
60bp |
Step Up Dates |
October 2010 |
October 2010 |
October 2010 |
October 2010 |
October 2010 |
October 2010 |
Step Up Margins |
22bp |
22bp |
38bp |
36bp |
130bp |
120bp |
Optional Redemption Dates |
October 2008 |
October 2008 |
October 2008 |
October 2008 |
October 2008 |
October 2008 |
Principal Determination Dates |
Last business day of March, June, September and December |
Quarterly Interest Payment Dates |
15 April, 15 July, 15 October and 15 January |
Joint Lead Managers |
Deutsche Bank AG, London, Winchester House, 1 Great Winchester Street, London, EC2N 2DB J P Morgan Securities Ltd, 12thFloor, 125 London Wall, London, EC2Y 5AJ |
Administrators |
Paragon Finance PLC, 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, 6thFloor, Canada Square, Canary Wharf, London, E14 5LB |
Rating Agencies |
Moody’s Investors Service Limited, One Canada Square, Canary Wharf, London, E14 5FA Standard & Poors, 20 Canada Square, Canary Wharf, London, E14 5LH Fitch Ratings Limited, 30 North Colonnade, London, E14 5GN |
Principal Paying / Reference Agent/Exchange Rate Agent |
Citibank, N.A. Citigroup Centre, 21stFloor, Canada Square, Canary Wharf, London, E14 5LB |
Legal Advisors to the Issuer/Administrators |
Sidley Austin Brown & Wood, Woolgate Exchange, 25 Basinghall Street, London, EC2V 5HA |
Legal Advisors to the Lead Manager and Trustee |
Herbert Smith, Exchange House, Primrose Street, London, EC2A 2HS |
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 |
SWAP Counterparty |
JP Morgan Chase Bank, 12thFloor, 125 London Wall, London, EC2Y 5AJ |
Currency SWAP Provider |
HSBC Bank plc, 8 Canada Square, Level 3, London, E14 5HQ |
Flexible Drawing Facility Provider |
Barclays Bank PLC, 5 The North Colonnade, Canary Wharf, London, E14 4BB (Facility cancelled on 15th April 2014) |