BW20030501002089  20030501T155014Z UTC


( BW)(AUBURN-SECS-3-PLC)(35EK) FRN Variable Rate Fix 

    Business Editors
    UK REGULATORY NEWS

    LONDON--(BUSINESS WIRE)--May 1, 2003--

As Agent Bank, please be advised of the following rate determined on: 01-May-2003

Issue               : Auburn Securities 3 PLC - Class A1
                      GBP106,170,000 Mortgage Backed FRN due 1 Nov 2039
ISIN Number         : XSO157588053
Issue Nomin     GBP : 106,170,000.00
Period              : 01-May-2003 to 02-Jun-2003          Payment Date 02-Jun-2003
Number of Days      : 32
Rate                : 3.76375       Pool Factor: 0.6795
Denomination    GB  : 6,795.00

Amount Payable 
per Denomination    : 22.42

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

   Short Name: Auburn Securities 3
   Category Code: RC
   Sequence Number: 00004452
   Time of Receipt (offset from UTC): 20030501T155312+0100

    --30--ZW/uk*

    CONTACT: Auburn Securities 3 PLC
 
    KEYWORD: UNITED KINGDOM INTERNATIONAL EUROPE
    INDUSTRY KEYWORD: BANKING
    SOURCE: Auburn Securities 3

Today's News On The Net - Business Wire's full file on the Internet
                          with Hyperlinks to your home page.
                          URL: http://www.businesswire.com