10NX Bank Nova 31

RNS No 7350b
CHEYNE CBO I LIMITED

DOCUMENT RE:

                     CHEYNE CBO I, LIMITED 
             U.S.$9,800,000 Subordinated Notes due 2005
        Secured by a Portfolio of Convertible Debt Securities

                 Issue Price - 117.9 per cent

A copy of the above is available for inspection from the Company
Announcements office of the Stock Exchange, London.

END


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