FRN Variable Rate Fix
April 11 2002 - 7:01AM
UK Regulatory
RNS Number:3762U
Silver No.1 PLC
11 April 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: 4.07625%
For the period: 15-Mar-02 to 15-Apr-02
Beginning
Principal
Class Outstanding All-in-Rate Days Interest Due Factor per 1,000
GBP 100m Class A1A 64,527,796.36 4.5762500% 31 250,798.77 2.50799
GBP 23.5m Class M 23,500,000.00 4.7262500% 31 94,330.77 4.01408
GBP 19.5m Class B 19,500,000.00 5.5762500% 31 92,351.87 4.73599
GBP 12.5m Class C 12,500,000.00 6.5762500% 31 69,816.35 5.58531
GBP 8m Class D 8,000,000.00 10.0762500% 31 68,463.29 8.55791
Principal Amount Class A1A Current Class A1A New Pool
Amortising Pool Factor Factor
Class A1A:
2,446,300.20 0.645277963600 0.620814961600
The next payment date will be on:
15-Apr-02
RE: SILVER NO. 1 PLC
EUR 157,000,000 Class A1B Mortgage Backed Floating Rate Notes due 2027
ISIN: XS0127264900
**RESENDING WITH PRINCIPAL REPAYMENT AMOUNT**
Please be advised that the EUR Deposit Interpolation Rate has been
determined as: 3.34400%
For the period: 15-Mar-02 to 15-Apr-02
Beginning
Principal Interest Factor
Class Outstanding All-in-Rate Days Interest Due per 1,000
EUR 157m Class A1B 101,308,640.34 3.82400% 31 333,598.10 2.12483
Principal Amount Current Pool
Amortising Factor New Pool Factor
Class A1B:
3,840,691.33 0.64527796394904 0.62081496184713
The next payment date will be on:
15-Apr-02
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