We use cookies to track usage and preferences.
Cookies policy
Paragon_Logo
Home Investor news Investor terms Performance summary of PBG SPVs Investor reporting
Outstanding notes Paragon
PM26 PM25 PM24 PM23 PM22 PM15 PM14 FF7 PM13 PM12 PM11 PM10 PM9
Mortgage Trust
Pool factors Relevant documents Called securitisations
Paragon series
PM21 PM20 PM19 PM18 PM17 PM16 PM8 PM7 PM6 PM5 PM4 PM3 PM2 PM1
Homeloans series Consumer series Finance for People series First Flexible series Homer Finance series

Paragon Mortgages (No.10) PLC - November 2005

IssuerParagon Mortgages (No.10) PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Closing Date17 November 2005
OriginatorsParagon Mortgages Limited, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Mortgage Trust Limited, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Notes IssuedClass A1Class A2aClass A2bClass B1aClass B1bClass C1aClass C1b
Original Rating (S&P/Moody’s/Fitch)A-1+/P-1/F1+AAA/Aaa/AAAAAA/Aaa/AAAAA/Aa2/AAAA/Aa2/AAA/A2/AA/A2/A
Current Rating (S&P/Moody’s/Fitch)AA/Aaa/AAAAA/Aaa/AAAAA/Aaa/AAAAA-/Aa2/AAAAA-/Aa2/AAAA/A2/AA/A2/A
Original Notes$1,100,000,000£105,000,000€222,000,000£31,000,000€19,500,000£51,500,000€27,500,000
GBP Equivalent£631,095,812£105,000,000£150,000,000£31,000,000£13,175,676£51,500,000£18,581,081
Currency Exchange Rates£1 : $1.7430N/A£1 : €1.48N/A£1 : €1.48N/A£1 : €1.48
Note Denominations$100,000£50,000€50,000£50,000€50,000£50,000€50,000
Initial Margins0bp16bp16bp27bp27bp55bp55bp
Current Margin9bp
32bp
32bp
54bp
54bp
110bp
110bp
Step Up DatesN/ADecember 2010December 2010December 2010December 2010December 2010December 2010
Step Up MarginsTBA32bp32bp54bp54bp110bp110bp
Optional Redemption DatesDecember 2009December 2009December 2009December 2009December 2009December 2009December 2009
Principal Determination DatesLast business day of February, May, August and November
Quarterly Interest Payment Dates15 March, 15 June, 15 September, 15 December
A1 Monthly Interest Payment Date15thof each month, commencing 15thDecember 2005
Class A1 Mandatory Transfer DateEach Interest Payment Date falling on 15 September annually and commencing on 15 September 2006
Joint Lead ManagersBarclays Capital, 5 The North Colonnade, Canary Wharf, London, E14 4BB
Deutsche Bank AG, London, Winchester House, 1 Great Winchester Street, London, EC2N 2DB
AdministratorsParagon Finance PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Mortgage Trust Services plc, 51 Homer Road, Solihull, West Midlands, B91 3QJ
TrusteeCiticorp Trustee Company Limited, Citigroup Centre, 6thFloor, Canada Square, Canary Wharf, London, E14 5LB
Rating AgenciesMoody’s Investors Service Limited, One Canada Square, Canary Wharf, London, E14 5FA
Standard & Poors, 20 Canada Square, Canary Wharf, London, E14 5LH
Fitch Ratings Limited, 30 North Colonnade, London, E14 5GN
Principal Paying / Reference Agent/Citibank, N.A. Citigroup Centre, 21stFloor, Canada Square, Canary Wharf, London, E14 5LB
U.S.Paying AgentCitibank, N.A. 388 Greenwich Street, 14thFloor, New York, N.Y. 10043, U.S.A.
Tender AgentCitibank, N.A. Citigroup Centre, 21stFloor, Canada Square, Canary Wharf, London, E14 5LB
Class A1 Remarketing AgentBarclays Bank PLC, 5 The North Colonnade, Canary Wharf, London, E14 4BB
Class A1 Conditional Note PurchaserSheffield Receivables Corporation, c/o Barclays Bank PLC, 200 Park Avenue, 5thFloor, New York 10166 USA
Legal Advisors to the Issuer/AdministratorsClifford Chance LLP, 10 Upper Bank Street, Canary Wharf, London, E14 5JJ
Legal Advisors to the Lead Manager and TrusteeHerbert Smith LLP, Exchange House, Primrose Street, London, EC2A 2HS
Auditors to the IssuerKPMG, One Snowhill, Snowhill Queensway, Birmingham, B4 6GH
Underlying AssetsInvestment Home Loans
Subordinated Loan ProvidersParagon Finance PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Mortgage Trust Services PLC, 51 Homer Road, Solihull, West Midlands, B91 3QJ
Substitute AdministratorHomeloan Management Limited, The Pavilions, Bridgwater Road, Bristol, BS13 8AE
Substitute Administrator FacilitatorStructured Finance Management Limited, 35 Great St. Helen’s, London, EC3A 6AP
SWAP CounterpartyJP Morgan Chase Bank, 12thFloor, 125 London Wall, London, EC2Y 5AJ
NatWest Markets, N.V. (London Branch), 250 Bishopsgate, London, EC2M 4AA
Currency SWAP ProviderHSBC Bank plc, 8 Canada Square, London, E14 5HQ
Flexible Drawing Facility ProviderBarclays Bank PLC, 5 The North Colonnade, Canary Wharf, London, E14 4BB (Facility cancelled on 17th March 2014)