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Bacchus (U.S.) 2006-1 calls class A, B, C, D, E and subordinated notes
By Wendy Van Sickle
Columbus, Ohio, July 8 – Bacchus (U.S.) 2006-1 Ltd. will redeem its outstanding class A, B, C, D and E notes and its subordinated notes, according to an optional redemption notice.
The notes to be redeemed July 20 include:
• $7,521,135.49 of class A notes, which equals the outstanding principal plus interest due;
• $18,032,082.05 of class B notes, which equals the outstanding principal plus interest due;
• $28,079,632.08 of class C notes, which equals the outstanding principal plus interest due;
• $12,808,821.45 of class D notes, which equals the outstanding principal plus interest due;
• $10,954,461.59 of class E notes, which equals the outstanding principal plus interest due; and
• Subordinated notes in the amount of whatever balance, if any, remains in the payment account after the senior notes are redeemed.
Bacchus said the collateral manager has informed the trustee that some distributions may be made to holders of the subordinated notes after the redemption date because some items in the portfolio may not be sold before the optional redemption date.
Bank of New York Mellon is the trustee.
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