Monastery 2006-I

Optional redemption



THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

This notice contains inside information and is made pursuant to section 17 Regulation (EU) No. 596/2014 (the Market Abuse Regulation) and Regulation (EU) 2016/1055 (the Implementing Technical Standards) relating thereto, pursuant to which inside information should be made forthwith available.

If you are in any doubt as to the action you should take, you are recommended to seek your own financial, legal or other advice immediately from your stockbroker, bank manager, solicitor, accountant or other appropriately authorised independent financial adviser.

Capitalised terms used herein have the meanings defined or construed in the Offering Circular.

MONASTERY 2006-I B.V.

(the Issuer)

Notice is hereby given with respect to notes of each of the following class(es):

€ 663,600,000 Senior Class A2 Mortgage-Backed Notes due 2044, issue price 100 per cent. ISIN XS0271446592
€ 28,000,000 Mezzanine Class B Mortgage-Backed Notes due 2044, issue price 100 per cent. ISIN XS0271447210
€ 28,700,000 Mezzanine Class C Mortgage-Backed Notes due 2044, issue price 100 per cent. ISIN XS0271448457
€ 9,500,000 Junior Class D Mortgage-Backed Notes due 2044, issue price 100 per cent. ISIN XS0271450784

(the Notes)

Amsterdam, 21 August 2020

NOTICE

The Notes are backed by certain residential mortgage loan receivables originated by DSB Bank N.V. (DSB). DSB was declared bankrupt on 19 October 2009. 

Reference is made to the notice dated 17 January 2020 in which notice was given that DSB was exploring the possibility to make an offer to the Issuer to repurchase all Mortgage Receivables from the Issuer.

Notice is hereby given that, on 15 October 2020, DSB made an offer to the Issuer to repurchase all Mortgage Receivables from the Issuer on the Optional Redemption Date falling in November 2020. Such offer has been accepted by the Issuer and, consequently, the Notes will be redeemed in accordance with Condition 6(e) (Optional redemption) and subject to Condition 9(b) (Principal).

In accordance with the Conditions, notice is hereby given that on the first Optional Redemption Date (i.e. 17 November 2020), the Notes will be redeemed in full, provided that the Issuer at this date has received the purchase price for the Mortgage Receivables expected to be sold and assigned to DSB on or before such date.

Monastery 2006-I B.V.
Intertrust Management B.V.
Director
Prins Bernhardplein 200
1097 JB Amsterdam
The Netherlands

Message details

Sub-group Bonds
Issuer Monastery 2006-I
Category Coupon / interest
ISIN XS0271446592
XS0271447210
XS0271448457
XS0271450784
Securities name Floating Rate Notes
Publication date August 21 2020