RNS Number:5580U
Silver No.1 PLC
15 April 2002

RE: SILVER N0.1 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


Please be advised that the GBP Deposit Rate has been determined as:    3.96719%
For the period:     15-Apr-02     to 15-May-02
 
                    Beginning Principal                    
Class                  Outstanding      All-in-Rate  Days   Interest Due  Factor per 1,000

GBP 100m Class A1A    62,081,496.16      4.46719%     30      227,942.33          2.27942
GBP 23.5m Class M     23,500,000.00      4.61719%     30       89,181.34          3.79495
GBP 19.5m Class B     19,500,000.00      5.46719%     30       87,624.83          4.49358
GBP 12.5m Class C     12,500,000.00      6.46719%     30       66,443.73          5.31550
GBP 8m Class D         8,000,000.00      9.96719%     30       65,537.69          8.19221

The next payment date will be on:
15-May-02 


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            The company news service from the London Stock Exchange

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