Paragon Mortgages to redeem four series of mortgage-backed floaters

By Tali Rackner

Norfolk, Va., Oct. 29 – Paragon Mortgages (No. 17) plc plans to redeem its class A, B, C and D mortgage-backed floating-rate notes due 2040, according to a filing with the London Stock Exchange.

The notes will be redeemed at par plus accrued interest on Jan. 8.

Payment will be made through Euroclear Bank SA/NV and Clearstream Banking SA.

Paragon is based in Solihull, West Midlands, United Kingdom.

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