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Bishopsgate Asset - Bondholder Information Request Letter

Mon, 13th Aug 2018 11:29

RNS Number : 6211X
Bishopsgate Asset Finance Ltd
13 August 2018
 

 

 

 

Notice to Holders

 

Bishopsgate Asset Finance Limited (the "Issuer") Series 1 £203,680,000 Guaranteed Asset Backed Fixed Rate Notes due 2044 (ISIN: XS0263456344) (the "Notes"), unconditionally and irrevocably guaranteed as to scheduled payments of principal and interest by FGIC UK Limited (the "Financial Guarantor")

 

NatWest Markets Plc (formerly known as The Royal Bank of Scotland plc) ("NatWest Markets"), in its capacity as Swap Counterparty in respect of the Notes, is exploring possible restructuring options for the Notes and the Swap Agreement entered into by the Issuer in connection with the Notes.

 

NatWest Markets, with the consent of the Issuer and the Financial Guarantor, is seeking to engage with holders of the Notes in order to discuss such restructuring options, provided that any actual restructuring would be subject to the consent of the Issuer and the Financial Guarantor.

 

Holders of the Notes have been requested to identify themselves and to provide details as to the aggregate principal amount of the Notes held by them, pursuant to a bondholder information request letter from the Issuer dated 13 August 2018, a copy of which is set out in the Annex to this notice (the "Bondholder Information Request Letter").

 

Holders of the Notes are hereby requested to reply to the Bondholder Information Request Letter, following the instructions therein provided, as soon as reasonably practicable.

 

For the avoidance of doubt, nothing in this notice (including, for the avoidance of doubt, the Annex to this notice) constitutes an offer to sell, or a solicitation of an offer to buy, any securities in any jurisdiction.

 

Capitalised terms used but not defined in this notice have the meanings given to them in the terms and conditions of the Notes.

Annex

 

Bishopsgate Asset Finance Limited PO Box 1093 Queensgate House, South Church Street George Town, Grand Cayman Cayman Islands KY1-1102

 

13 August 2018

Bondholder Information Request

Dear Sir or Madam,

Please let this letter serve as official authorisation to release security holdings information as of 13 August 2018 for:

Description of Notes

ISIN

Amount Outstanding

Series 1 £203,680,000 Guaranteed Asset Backed Fixed Rate Notes due 2044

XS0263456344

£203,680,000

 

As beneficial owner or investment manager we kindly ask you to disclose:

a)  your holding in aggregate principal for the purpose of constructing a noteholder identification list. This information is vital for our corporate communications with our noteholders.

b)  NatWest Markets Plc (formerly known as The Royal Bank of Scotland plc) ("NatWest Markets"), in its capacity as Swap Counterparty in respect of the Notes, is exploring possible restructuring options for the Notes and the Swap Agreement entered into by the Issuer in connection with the Notes. NatWest Markets, with the consent of the Issuer and the Financial Guarantor, is seeking to engage with hold-ers of the Notes in order to discuss such restructuring options, provided that any actual restructuring would be subject to the consent of the Issuer and Financial Guarantor.

If appropriate, your custodian bank may respond on your behalf.

All information disclosed will be treated confidentially, is for our internal use and will not be entered into any public databases. This information should be made available to our Information Agent:

Lucid Issuer Services Limited Tankerton Works 12 Argyle Walk London WC1H 8HA Fax: + 44 20 3004 1590bishopsqate@lucid-is.com 

This letter will remain in force until: 14 September 2018

Note - responding to this request will not result in any blocking of these securities.

As you know, speed and accuracy in the processing of these requests are of the utmost importance. Your prompt attention to this matter is greatly appreciated. If you should have any further questions, please contact Alexander Yangaev via bishopsgate@lucid-is.com or +44 20 7704 0880.

Yours faithfully,

 

 

For and on behalf of

Bishopsgate Asset Finance Limited

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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MSCLLFFITRIVLIT
Date   Source Headline
13th Aug 201811:29 amRNSBishopsgate Asset - Bondholder Information Request Letter

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