Honours Plc completes redemption of asset- backed floating rate loans

  • Dec 02, 2019 GMT
  • Team Kalkine
 
  • A total of £9 million has been withdrawn from the Settlement Account in connection with the redemption of the above class of notes
  • £1 million has been refunded to the affected borrowers
  • £1 million has been used to reimburse the structure in respect of third-party costs
  • £1.5 million has been paid in connection with Deloitte's and LFO's costs relating to the implementation of the Remediation Plan
 

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