RNS Number:6284Q
Income Partners Asian Coll.Ass.I Ld
28 January 2002



RE: Income Partners Asian Collateralized Assets I Limited 
    - 6 Month LIBOR Setting
 
Pursuant to the Trust Deed Dated 30 July 1997, the Calculation Agent will
determine the offered rate for 6 month US dollar deposits as of 11.00 a m.
(London Time) on the Interest Determination Date in question. Such offered rate
will be that which appears on the display designated as page 3750 on the
Telerate Monitor (or such other page or service as may replace it for the
purpose of displaying London interbank offered rates of major banks for US
dollar deposits)  

Interest Accrual for the Period:     January 30,2002   to   July 30, 2002
Accrual Basis:                       Actual/360   
Number of Days:                      181.00 days
6 Month LIBOR                        2.022500%
Payment Date:                        July 30, 2002

                                                                                Payment
    Note         Balance         Libor     Spread    Interest     Payment      Amount Per   Factor
                                                        Rate       Amount       $1,000,000*

 Senior Notes  100,000,000.00   2.022500%   0.25%     2.272500%   1.142.562.50  11,425.63   1.0000000


* The Per $1,000,000 amount is based on the Adjusted Denomination (balance)

Adjusted Denomination means, US$1,000,000 such amount as adjusted from time to 
time by deduction of each amount applied in redemption in part of each 
US$1,000,000 principal amount of Senior Notes.



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