Global High Yield Bond Trust Ld

As Agent Bank, please be advised of the following rate determined on:16-Oct-2003

Issue               : The Global High Yield Bond Trust Limited - Class D
                      EUR10,000,000 Floating Rate Notes Due April 2013
ISIN Number         : XS0110377800
Issue Nomin     EUR : 10,000,000.00
Period              : 20-Oct-2003 to 19-Apr-2004          Payment Date 19-Apr-2004 
Number of Days      : 182
Rate                : 8.178
Denomination    EU  : 10,000.00

Amount Payable 
per Denomination    : 413.44

Institutional       Telephone   44(0) 1202 34 1286
Trust Services      Facsimile   44(0) 1202 34 7438