Monument 2
Monument Securitisation (CMBS) No. 2 Limited
Anglo Irish Bank launched a 400 million UK Commercial Mortgage Backed Securitisation (CMBS) on 29 May 2002.
Merrill Lynch International arranged and lead managed the transaction, which was significantly oversubscribed by both UK and European investors.
The floating rate notes are in five rated classes consisting of 312 million of Class A notes, 32.4 million of Class B notes, 25.8 million of Class C notes and 20.0 million of the Class D notes and 9.8 million of Class E Notes. The notes are rated AAA, AA, A, BBB, BB by Standard & Poor's and Fitch Ratings respectively. The notes are secured on a portfolio of UK Investment Property Loans and have an expected maturity of March 2008 and a legal final maturity of September 2013.
The pool factor for the Interest Period ending on 19th December 2005 for each class of Notes (based on the original value of Notes in issue in each class at launch) is as follows:
| Class of Notes | Pool Factor |
|---|---|
| A | 0.258859 |
| B | 1.0 |
| C | 1.0 |
| D | 1.0 |
This takes in the cumulative effect of repayments on any class to date.
Interest Rates and redemption amounts
The following table shows the interest rates and the amounts per GBP10,000 bond which will be payable on 19 June 2006 for the Interest Period from 17 March 2006 to 19 June 2006:
| Class of Bonds |
ISIN Code |
Rate | No of Days | Amount per GBP10,000 Banked |
|---|---|---|---|---|
| A | XS0149061425 | 4.88813% | 94 | 23.93 |
| B | XS0149061938 | 5.08813% | 94 | 131.04 |
| C | XS0149062159 | 5.48813% | 94 | 141.34 |
| D | XS0149062316 | 6.23813% | 94 | 160.65 |
| E | XS0149062746 | 7.58813% | 94 | 195.42 |
Interest Rates and Final redemption
Monument 2 fully redeemed on 19 June 2006 and all bonds were fully repaid.
INVESTOR REPORTS
The following Investor Reports have been produced by Monument Securitisation (CMBS) No.2 Limited ("Monument 2") and Anglo Irish Bank Corporation plc is acting as Agent to Monument 2 in publishing these Investor Reports on the Anglo Irish Bank website. Anglo Irish Bank is the servicer for and on behalf of Monument 2 of the mortgage portfolio.
The Investor Report for the Collection Period ended 7 March 2006 and the Interest Payment Date of 17 March 2006 is now available below:
- Investors Report for the Interest Period ended 17 March 2006
- Investor Report for the Interest Period ended 19 December 2005
- Investors Report for the Interest Period ended 19 September 2005
- Investors Report for the Interest Period ended 17 June 2005
- Investors Report for the Interest Period ended 17 March 2005
- Investors Report for the Interest Period ended 17 December 2004
- Investors Report for the Interest Period ended 17 September 2004
- Investors Report for the Interest Period ended 17 Jun 2004
- Investors Report for the Interest Period ended 17 March 2004
- Investors Report for the Interest Period ended 17 December 2003
- Investors Report for the Interest Period ended 17 September 2003
- Investors Report for the Interest Period ended 17 June 2003
- Investors Report for the Interest Period ended 17 March 2003
- Investors report for the Interest Period ended 17 December 2002
- Investors report for the Interest Period ended 17 September 2002
Please contact our Securitisation Team for more information.