Source - RNS
RNS Number : 4817J
German Residential Fund 2013-1 Ltd
09 September 2016
 

For Immediate Release                                                                         9 September 2016

THE IRISH STOCK EXCHANGE PLC

 

COMPANY ANNOUNCEMENT

 

GERMAN RESIDENTIAL FUNDING 2013-1 LIMITED

(the Issuer)

 

€1,244,400,000 Class A Commercial Mortgage Backed Floating Rate Notes due 2024

(the Class A Notes);

€239,800,000 Class B Commercial Mortgage Backed Floating Rate Notes due 2024

(the Class B Notes);

€137,100,000 Class C Commercial Mortgage Backed Floating Rate Notes due 2024

(the Class C Notes);

€274,000,000 Class D Commercial Mortgage Backed Floating Rate Notes due 2024

(the Class D Notes);

€102,800,000 Class E Commercial Mortgage Backed Floating Rate Notes due 2024

(the Class E Notes);

€105,200,000 Class F Commercial Mortgage Backed Floating Rate Notes due 2024

(the Class F Notes);

 

(the Class A Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes together, the Senior Notes.  The Senior Notes and the Class F Notes together, the Notes).

 

Pursuant to Condition 7.3 (Mandatory redemption from Principal Receipts) of the Notes, the Issuer has redeemed the Senior Notes in full at an amount equal to their Principal Amount Outstanding (plus accrued but unpaid interest).  The Issuer confirms that the Senior Notes have been cancelled upon redemption in compliance with the Conditions of the Notes.

 

Pursuant to Condition 7.2 (Redemption of the Class F Notes on surrender) of the Notes, the Class F Notes were surrendered to the Issuer and cancelled, in exchange for the re-transfer of the Junior Loan to GAGFAH GmbH pursuant to a junior loan repurchase agreement entered into between the Issuer and GAGFAH GmbH.  The Issuer confirms that the Class F Notes have been cancelled upon surrender in compliance with the Conditions of the Notes.

 

The Issuer requests The Irish Stock Exchange plc to remove the Notes from the Main Securities Market of The Irish Stock Exchange plc with immediate effect.

 

Unless otherwise defined herein, capitalised terms in this announcement shall have the same meanings as in the Master Definitions and Construction Schedule dated 20 June 2013, (as amended from time to time). 

 

 

Enquiries

 

The Directors

German Residential Funding 2013-1 Limited

Pinnacle 2

Eastpoint Business Park, Clontarf

Dublin 3

 

Tel: +353 1 680 6000

 

Listing Agent: A&L Listing Limited

 

 

This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange

 

 

 


This information is provided by RNS
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