LONDON - Tower Bridge Funding 2023-2 PLC (the "Issuer"), a structured finance entity involved in residential mortgage-backed securitization, has issued a notice to its noteholders providing updates regarding Belmont Green Finance Limited, now known as Vida Bank Limited.
The notice, dated November 27, 2024, informs noteholders that the company, which serves as the Seller, Mortgage Administrator, and Cash Administrator for the Issuer's transactions, has undergone significant changes. On November 19, 2024, the company received authorization from the Prudential (LON:PRU) Regulation Authority and the Financial Conduct Authority to accept deposits, a critical step often synonymous with the acquisition of a UK banking license.
Subsequently, on November 25, 2024, Belmont Green Finance Limited officially changed its name to Vida Bank Limited. The notice also includes the update that the company's corporate website address has transitioned to www.vidabank.co.uk.
These developments are part of the ongoing business activities of Vida Bank Limited, which directly relate to the Issuer's operations in the financial market. The Issuer's notice ensures that all noteholders are informed of these changes, as per the requirements outlined in Note Condition 13 (Notice to Noteholders) of the Master Definitions Schedule dated June 19, 2023.
The Issuer's structured finance instruments include various classes of notes due March 2065, which are identified by their respective International Securities Identification Numbers (ISINs) for both Regulation S and Rule 144a categories.
This announcement has been disseminated purely for informational purposes to the noteholders, and the information is based on a press release statement from Tower Bridge Funding 2023-2 PLC.
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