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| Prospect News home > News index > List of issuers H > Headlines for Higher Education Securitised Investments Series No. 1 plc > News item |
Higher Education seeks to transition to Sonia for mortgage-backeds
Chicago, Sept. 29 – Higher Education Securitised Investments Series No. 1 plc will host separate noteholder meetings for various classes of mortgage-backed notes to move the benchmark for its floating-rate notes to Sonia from Libor, according to a notice.
The meetings will cover the £101.3 million class A3 notes (ISIN: XS0085726403), the £27.3 million class A4 notes (ISIN: XS0085726585), the £20.6 class B1 million notes (ISIN: XS0085726668) and the £20.6 million class B2 notes (ISIN: XS0085726742).
Votes are due to the tabulation agent by 5:30 a.m. ET on Oct. 19.
Meetings will be held starting at 5 a.m. ET on Oct. 21.
A quorum of noteholders representing three-quarters of the notes with votes in favour at 75% of those present is needed to pass the amendments.
D.F. King is the information and tabulation agent (+44 20 7920 9700, THESIS@dfkingltd.co.uk, THESIS@dfkingltd.com).
The issuer is based in London.
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