Investegate |Income Contingent Student Loan Announcements | Income Contingent Student Loan: NOTICE OF A BASE RATE MODIFICATION
NOTICE IS HEREBY GIVEN by the Issuer to the Noteholders in accordance with Condition 16 (Notices to Noteholders) that the Issuer and the Master Servicer have amended the documents specified in this notice on 6 May 2021 in order to effect the Amendments (as such term is defined below). We refer to the notice given by the Issuer to the Noteholders on 26 March 2021 which set out the intention of the Issuer to amend the Amended Documents to: remove references to "LIBOR"; change the Applicable Base Rate to refer to a "SONIA" based rate; change the interest rate calculation provisions in relation ...
Source: investegate.co.uk