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Column Canada Issuer Corporation Announces Closing regarding Substitution of Collateral in respect of First Mortgage Bond Issued by West Edmonton Mall Property Inc.
TORONTO, Oct. 18 On July 27, 2006, Column Canada Issuer
Corporation announced that a notice of defeasance involving the substitution
of collateral had been given by West Edmonton Mall Property Inc. (the
"Company"), the owner of West Edmonton Mall located in Edmonton, Alberta, to
Midland Loan Services, Inc. in its capacity as servicer of the 5,000,000
first mortgage bond (the "Mortgage Bond") issued by the Company.
Column Canada Issuer Corporation announced today the closing of the
defeasance involving the substitution of collateral in respect of the Mortgage
Bond issued by the Company.
Column Canada Issuer Corporation is a special purpose corporation that
purchases various categories of commercial mortgages and other financial
assets, including bonds, debentures or other evidences of indebtedness, and
issues securities backed by those assets into the private and public capital
markets. It is an indirect subsidiary of Column Financial, Inc., the
commercial real estate lending subsidiary of Credit Suisse.
Credit Suisse
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As one of the world's leading banks, Credit Suisse provides its clients
with investment banking, private banking and asset management services
worldwide. Credit Suisse offers advisory services, comprehensive solutions and
innovative products to companies, institutional clients and high-net-worth
private clients globally, as well as retail clients in Switzerland. Credit
Suisse is active in over 50 countries and employs approximately 40,000 people.
Credit Suisse's parent company, Credit Suisse Group, is a leading global
financial services company headquartered in Zurich. Credit Suisse Group's
registered shares (CSGN) are listed in Switzerland and, in the form of
American Depositary Shares (CSR), in New York. Further information about
Credit Suisse can be found at www.credit-suisse.com. |
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