Issuer |
Paragon Mortgages (No.9) PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ |
Closing Date |
July 2005 |
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 Aa |
Class Ab |
Class Ac |
Class Ba |
Class Bb |
Class Ca |
Class Cb |
Original Rating (S&P/Moody’s) |
AAA/Aaa |
AAA/Aaa |
AAA/Aaa |
AA/Aa3 |
AA/Aa3 |
A/A2 |
A/A2 |
Current Rating (S&P/Moody’s) |
A/Aa1 |
A/Aa1 |
A/Aa1 |
A/Aa2 |
A/Aa2 |
A/A1 |
A/A1 |
Original Notes |
£346,000,000 |
€355,000,000 |
$60,000,000 |
£7,000,000 |
€29,500,000 |
£3,000,000 |
€66,000,000 |
GBP Equivalent |
£346,000,000 |
£244,500,000 |
£33,900,000 |
£7,000,000 |
£20,300,000 |
£3,000,000 |
£45,300,000 |
Currency Exchange Rates |
N/A |
£1 : €1.45 |
£1 : $1.77 |
N/A |
£1 : €1.45 |
N/A |
£1 : €1.46 |
Note Denominations |
£50,000 |
€50,000 |
$100,000 |
£50,000 |
€50,000 |
£50,000 |
€50,000 |
Initial Margins |
18bp |
18bp |
18bp |
29bp |
29bp |
52bp |
52bp |
Step Up Dates |
May 2010 |
May 2010 |
May 2010 |
May 2010 |
May 2010 |
May 2010 |
May 2010 |
Step Up Margins |
36bp |
36bp |
36bp |
58bp |
58bp |
104bp |
104bp |
Optional Redemption Dates |
May 2009 |
May 2009 |
May 2009 |
May 2009 |
May 2009 |
May 2009 |
May 2009 |
Principal Determination Dates |
Last business day of October, January, April and July |
Quarterly Interest Payment Dates |
15 November, 15 February, 15 May and 15 August |
Joint Lead Managers |
J P Morgan Securities Ltd, 12thFloor, 125 London Wall, London, EC2Y 5AJ
The Royal Bank of Scotland PLC, 135 Bishopsgate, London, EC2M 3UR |
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 |
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 |
Clifford Chance LLP, 10 Upper Bank Street, Canary Wharf, London, E14 5JJ |
Legal Advisors to the Lead Manager and Trustee |
Lovells, Atlantic House, Holborn Viaduct, London, EC1A 2FG |
Auditors to the Issuer |
KPMG, One Snowhill, Snowhill Queensway, Birmingham, B4 6GH |
Underlying Assets |
Investment Home Loans |
Subordinated Loan Providers |
Paragon Loan Finance (No.3) Limited and Mortgage Trust Services 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
NatWest Markets N.V. (London Branch), 250 Bishopsgate, London, EC2M 4AA |
Currency SWAP Provider |
NatWest Markets PLC, 135 Bishopsgate, London, EC2M 3UR |
Flexible Drawing Facility Provider |
Barclays Bank PLC, 5 The North Colonnade, Canary Wharf, London, E14 4BB (Facility cancelled on 18th February 2014) |