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NewDay Funding 2019-2 slated to redeem class F asset-backed floaters
By Wendy Van Sickle
Columbus, Ohio, Nov. 8 – NewDay Funding 2019-2 plc was to redeem its £14.03 million of class F asset-backed floating-rate notes due 2027 (ISINs: XS2052210262 and XS2052210346) and the class F loan note on Nov. 8, under amendments to the funding ledger, according to a filing with the London Stock Exchange.
The redemption of the notes was to be funded by drawings under the existing committed senior variable funding loan notes issued by NewDay Funding Loan Note Issuer Ltd. and drawings under the originator variable funding loan note issued by NewDay Funding Loan Note Issuer Ltd.
NewDay is a London-based subsidiary of New Day Ltd., a financial services company.
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