Mortimer BTL 2022-1 PLC Announces Redemption of Notes and Certificates
Why we think this is neutral
This RNS announcement is a general update regarding the redemption of notes and certificates issued by Mortimer BTL 2022-1 PLC. As it does not contain any of the mandatory news types, such as trading updates, results, or financing details, the sentiment is assessed as neutral.
Key Points
- Mortgage Pool Option Holder has exercised the Call Option
- All outstanding notes and certificates will be redeemed in full on 23 June 2025
Summary
The issuer has received notice to exercise the call option, leading to the full redemption of the outstanding notes and certificates.
Mortimer BTL 2022-1 PLC has announced that the Mortgage Pool Option Holder has served notice on the Issuer to exercise the Call Option. As a result, the outstanding £234,900,000 Class A Notes, £16,200,000 Class B Notes, £9,450,000 Class C Notes, £4,050,000 Class D Notes, £5,400,000 Class E Notes, and £4,725,000 Class X Notes, as well as the Registered Global Certificates, will be redeemed in full by the Issuer on the Interest Payment Date falling on 23 June 2025.
GENERAL UPDATE