Abbey National Plc joined the growing line of U.K. master trust issuance by launching its seventh transaction from the Holmes series - the 10th deal originated by the U.K. lender.

The transaction is slated to be $4.17 billion equivalent in size and will be managed by JPMorgan and Schroder Salomon Smith Barney. Like Granite 2003-1 and Permanent Financing issued earlier this year, the current structure will include U.S. dollar-denominated, euro-denominated and sterling-based tranches.

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