Issuer |
Paragon Mortgages (No.12) PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ |
Closing Date |
20 July 2006 |
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 A1 |
Class A2a |
Class A2b |
Class A2c |
Class B1a |
Class B1b |
Class C1a |
Class C1b |
Original Rating (S&P/Moody’s/Fitch) |
A-1+/P-1/F1+ |
AAA/Aaa/AAA |
AAA/Aaa/AAA |
AAA/Aaa/AAA |
AA/Aa2/AA |
AA/Aa2/AA |
A/A2/A |
A/A2/A |
Current Rating (S&P/Moody’s/Fitch) |
AAA/Aaa/AAA |
AAA/Aaa/AAA |
AAA/Aaa/AAA |
AAA/Aaa/AAA |
AA/Aa1/AAA |
AA/Aa1/AAA |
A+/A2/A+ |
A+/A2/A+ |
Original Notes |
$1,500,000,000 |
£145,000,000 |
€245,000,000 |
$311,000,000 |
£25,000,000 |
€126,000,000 |
£17,000,000 |
€106,000,000 |
GBP Equivalent |
£815,217,391 |
£145,000,000 |
£168,965,517 |
£169,021,739 |
£25,000,000 |
£86,896,552 |
£17,000,000 |
£73,103,448 |
Currency Exchange Rates |
£1 : $1.84 |
N/A |
£1 : $1.45 |
£1 : $1.84 |
N/A |
£1 : €1.45 |
N/A |
£1 : €1.45 |
Note Denominations |
$100,000 |
£50,000 |
€50,000 |
$100,000 |
£50,000 |
€50,000 |
£50,000 |
€50,000 |
Initial Margins |
-2bp |
12bp |
12bp |
11bp |
24bp |
24bp |
46bp |
46bp |
Current Margin (Amended) |
36bp |
36bp |
24bp |
22bp |
60bp |
48bp |
104bp |
92bp |
Step Up Dates |
May 2012 |
August 2011 |
August 2011 |
August 2011 |
August 2011 |
August 2011 |
August 2011 |
August 2011 |
Step Up Margins (Amended) |
36bp |
36bp |
24bp |
22bp |
60bp |
48bp |
104bp |
92bp |
Optional Redemption Dates |
August 2010 |
August 2010 |
August 2010 |
August 2010 |
August 2010 |
August 2010 |
August 2010 |
August 2010 |
Principal Determination Dates |
Last business day of October, January, April, and July |
Quarterly Interest Payment Dates |
15 November, 15 February, 15 May, 15 August, |
A1 Monthly Interest Payment Date |
15thof each month, commencing 15 August 2006 |
Class A1 Mandatory Transfer Date |
The Interest Payment Date falling on 15 May 2007 and annually thereafter |
Joint Lead Managers |
Barclays Bank PLC, 5 The North Colonnade, London, E14 4BB
Deutsche Bank AG, London, Winchester House, 1 Great Winchester Street, London, EC2N 2DB
HSBC Bank plc, 8 Canada Square, London, E14 5HQ |
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 & 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. Citigroup Centre, 21stFloor, Canada Square, Canary Wharf, London, E14 5LB |
U.S.Paying Agent |
Citibank, N.A. 388 Greenwich Street, 14thFloor, New York, N.Y. 10043, U.S.A. |
Tender Agent |
Citibank, N.A. Citigroup Centre, 21stFloor, Canada Square, Canary Wharf, London, E14 5LB |
Class A1 Remarketing Agent |
Barclays Bank PLC, 5 The North Colonnade, Canary Wharf, London, E14 4BB |
Class A1 Conditional Note Purchaser |
Sheffield Receivables Corporation, c/o Barclays Bank PLC, 200 Park Avenue, 5thFloor, New York 10166 USA |
Legal Advisors to the Issuer/Administrators |
Clifford Chance LLP, 10 Upper Bank Street, Canary Wharf, London, E14 5JJ |
Legal Advisors to the Lead Manager and Trustee |
Simmons & Simmons, CityPoint, 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 Providers |
Paragon Finance PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Mortgage Trust Services PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Residual Interest Paragon Mortgages (No.12) PLC
|
Substitute Administrator |
Homeloan Management Limited, The Pavilions, Bridgwater, Bristol, BS13 8AE |
Substitute Administrator Facilitator |
Intertrust Management Limited, 35 Great St. Helen's, London, EC3A 6AP |
Basis Hedge Providers: |
JP Morgan Chase Bank, 12thFloor, 125 London Wall, London, EC2Y 5AJ
NatWest Markets, N.V. (London Branch), 250 Bishopsgate, London, EC2M 4AA |
Currency SWAP Provider |
Barclays Bank PLC, 5 The North Colonnade, Canary Wharf, London, E14 4BB |