Slaughter and May advised Holmes Master Issuer on its issue of Notes

Slaughter and May advised Holmes Master Issuer PLC in respect of the issue of a total of US$375 million and £340 million of senior notes and £582 million of subordinated notes, in three different classes, under its Residential Mortgage-Backed Note Issuance Programme. The Notes were listed on the Main Market of the London Stock Exchange and awarded the Prime Collateralised Securities Label by the PCS Secretariat.

Slaughter and May also advised Santander UK plc in its capacity as sponsor, seller, servicer, cash manager and originator under the Programme.