| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers C > Headlines for Canary Wharf Finance II plc > News item |
Canary Wharf details consideration for 2033, 2037 debenture redemption
By William Gullotti
Buffalo, N.Y., Jan. 18 – Canary Wharf Finance II plc provided consideration details regarding its aggregate £263.5 million partial redemption of first mortgage debentures due 2033 and 2037 in a notice on Thursday.
The company notified holders on Dec. 20 of its intent to redeem
• £71.5 million of its £1,215,000,000 class A1 6.455% first mortgage debentures due October 2033 (ISIN: XS0112279616); and
• £192 million of its £400 million class A3 5.952% first mortgage debentures due October 2037 (ISIN: XS0130681512).
The redemption is set to occur on the interest payment date scheduled Jan. 22 and is expected to cost a total of £285,398,420.
The company expects to pay a total of £77,398,420 for the class A1 debentures, consisting of £71.5 million in principal, £5,603,580 in amortization and reflecting a 0.0637 pool factor.
For the class A3 debentures, Canary Wharf expects to pay a total of £208 million. The expected total consideration consists of the called principal, a pool factor of 0.52 and an amortization amount that was not included in the notice.
The real estate services company is based in London.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.