FRN Variable Rate Fix
January 11 2002 - 2:00AM
UK Regulatory
RNS Number:8173P
Silver No.1 PLC
10 January 2002
RE: SILVER NO.1 PLC
GBP 100,000,000 Class A1A Mortgage Backed Floating Rate
Notes due 2027 ISIN: XS0127219433
GBP 23,500,000 Class M Mortgage Backed Floating Rate
Notes due 2027 ISIN: XS0127268059
GBP 19,500,000 Class B Mortgage Backed Floating Rate
Notes due 2027 ISIN: XS0127268216
GBP 12,500,000 Class C Mortgage Backed Floating Rate
Notes due 2027 ISIN: XS0127268646
GBP 8,000,000 Class D Mortgage Backed Floating Rate
Notes due 2027 ISIN: XS0127268992
**RESENDING WITH PRINCIPAL REPAYMENT AMOUNT**
Please be advised that the GBP Deposit Interpolation Rate has been determined
as: 4.04641%
For the period: 17-Dec-01 to 15-Jan-02
Beginning Principal
Class Outstanding All-in-Rate Days Interest Factor per
Due 1,000
GBP 100m Class A1A 72,674,862.00 4.5464100% 29 262,517.31 2.62517
GBP 23.5m Class M 23,500,000.00 4.6964100% 29 87,687.76 3.73139
GBP 19.5m Class B 19,500,000.00 5.5464100% 29 85,931.37 4.40674
GBP 12.5m Class C 12,500,000.00 6.5464100% 29 65,015.72 5.20126
GBP 8m Class D 8,000,000.00 10.0464100% 29 63,856.63 7.98208
Principal Amount Class A1A Current Class A1A New Pool
Amortising Pool Factor Factor
Class A1A:
2,491,620.24 0.726748620000 0.701832417600
The next payment date will be on:
15-Jan-02
Please contact me on 0207 964 6521 if you have any queries.
FROM: Karen Hill
Bank of New York
Hsbc Bk.25 (LSE:BF46)
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