Source - SMW
Charter Court Financial Services Group  has agreed to sell its entire economic interest in the Charter Mortgage Funding 2017-1 plc securitisation  to Merrill Lynch International for £26.5m in cash.

 It said the transaction, which was expected to complete today, would involve the sale of the Class Z and subordinated notes and the residual certificates ('RC1s and RC2s' and, together with the Class Z and subordinated notes, the "Bonds") to the securitisation. 

BofAML managed the sale process and purchased the bonds for onward sale.

It said the transaction would generate a pre-tax gain of £15.0 million which would be attributed to the 2018 financial year. 


At 8:22am: (LON:CCFS) Charter Court Financial Services Group Plc Ord 1p Wi share price was -1.5p at 286p