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Presale: Paragon Mortgages (No. 6) PLC Sep 03
Standard & Poors, September 2003
Expected closing date: October 2003. Collateral: A pool of first-ranking mortgage loans secured over freehold, leasehold, or feudal properties located in England, Scotland, and Wales. Underwriter: Barclays Capital and Royal Bank of Scotland PLC. Seller: Paragon Mortgages Ltd. Administrator and servicer: Paragon Finance PLC. Substitute servicer: Global Home Loans Ltd. Trustee: Citicorp Trustee Co. Ltd. Swap counterparty: To be determined. Transaction account bank: National Westminster Bank PLC. Class A1R notes subscriber: Sheffield Receivables Corp. Supporting ratings: National Westminster Bank PLC (AA-/Positive/A-1+) as transaction account bank and Sheffield Receivables Corp.'s CP program (A-1+) as class A1R notes subscriber. The preliminary credit ratings assigned to the -200 million equivalent class A1R notes, the -385 million equivalent class A2 notes, and the -65...
Companies mentioned in this report are: Paragon Mortgages (No. 6) PLC
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Research Type: Full Analysis
Paragon Mortgages (No. 6) PLC