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Auburn Sec. 3 PLC 35EK Notice to Noteholders



  Auburn Sec. 3 PLC (35EK) - Notice to Noteholders

RNS Number : 2571Q
Auburn Securities 3 PLC
02 November 2012
 



                            NOTICE TO NOTEHOLDERS

THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS.
IF NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD
      SEEK THEIR OWN FINANCIAL AND LEGAL ADVICE, INCLUDING AS TO ANY TAX
  CONSEQUENCES, IMMEDIATELY FROM THEIR STOCKBROKER, SOLICITOR, ACCOUNTANT OR
                OTHER INDEPENDENT FINANCIAL OR LEGAL ADVISER.

                    IMPORTANT NOTICE TO THE HOLDERS OF THE

      £267,630,000 Class A2 Mortgage Backed Floating Rate Notes due 2039

                             (ISIN: XS0157588210)

                           (Common Code: 015758821)

                                     and

       £26,200,000 Class M Mortgage Backed Floating Rate Notes due 2039

                             (ISIN: XS0157588723)

                           (Common Code: 015758872)

                                (the "Notes")

                                  issued by

                           AUBURN SECURITIES 3 PLC
               (incorporated in England and Wales with limited

                 liability under Registered Number 04442874)

                                (the "Issuer")

                             on 25 November 2002

Capitalised terms  used  but  not  otherwise defined  herein  shall  have  the 
meanings ascribed to them in the Terms and Conditions of the Notes set out  in 
the Trust Deed  (the "Trust  Deed") dated 25  November 2002  (as amended)  and 
entered into between the Issuer and The Bank of New York Mellon, London Branch
(as the legal  successor of JPMorgan  Chase Bank) (the  "Trustee") and in  the 
master definitions schedule dated  25 November 2002  (as amended, the  "Master 
Definitions Schedule").

Notice is  hereby given  that Capital  Home Loans  Limited ("CHL")  has  given 
notice to the Trustee  and Issuer confirming that  it has identified  Barclays 
Bank PLC ("Barclays") as the replacement  provider of the Reserve Account  and 
the replacement GIC  Provider following  the downgrade  of The  Royal Bank  of 
Scotland plc as the  current provider of the  Reserve Account and the  current 
GIC Provider to below the  minimum ratings set out in  clause 5.3 of the  Bank 
Agreement (Reserve Account), clause 7.1  of the Reserve Account GIC  Agreement 
and clause 5.11 of the  Cash/Bond Administration Agreement (the "CHL  Notice") 
and that by means of the execution  of a master appointment and novation  deed 
dated 30 October 2012 between, amongst others, the Issuer and the Trustee (the
"Appointment  and  Novation  Deed"),  Barclays  has  been  appointed  as   the 
replacement provider of the Reserve  Account and the replacement GIC  Provider 
and certain consequential modifications have been made to certain  Transaction 
Documents.

Copies of the CHL Notice and  the Appointment and Novation Deed are  available 
for inspection at  the principal office  for the time  being of the  Principal 
Paying Agent, being at the date hereof  at One Canada Square, London, E14  5AL 
and at the specified offices of the Paying Agents.

This Notice is given by the Issuer.

Should you  have any  queries  concerning the  information contained  in  this 
notice please contact:

Auburn Securities 3 plc

c/o Wilmington Trust SP Services (London) Limited

Third Floor

1 King's Arms Yard

London EC2R 7AF

 

Email: complianceteam@wilmingtontrust.com

2 November 2012

 

 

                     This information is provided by RNS
           The company news service from the London Stock Exchange
 
END
 
 
MSCUGGUCGUPPGAP -0- Nov/02/2012 15:48 GMT
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