10NX Bank Nova 31

RNS No 6729m
CHEYNE CBO I LIMITED
20 September 1999



FORMAL NOTICE FOR SPECIALIST SECURITIES



PUBLICATION DATE: 20 September 1999

______________________________________________________________________________


DETAILS OF ISSUE: US$1,500,000 Senior Secured Fixed Rate Notes due 2005 and 
                  US$21,000,000 Senior Secured Floating Rate Notes due 2005

ISSUER:           Cheyne CBO I, Limited                                       
                                                                             
INCORPORATED IN:  Cayman Islands


GUARANTOR:        N/A
            
INCORPORATED IN:  N/A


Listing Particulars relating to the issue may be obtained during usual
business hours for fourteen days from the date of this formal notice from:

Weil, Gotshal & Manges  
One South Place
London
EC2M 2WG
  

Copies of the listing particulars relating to the issue may also be obtained
during normal business hours from the Company Announcements Office of the
London Stock Exchange, Old Broad Street, London, EC2N 1HP, by collection only,
for the two business days following the date of this formal notice.



END

FN GBUPABBGBGCM

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