Avco Trust PLC - FRN Variable Rate Fix
21 August 1997 - 3:10AM
UK Regulatory
RNS No 9573r
AVCO TRUST PLC
20th August, 1997
RE: AVCO TRUST PLC
PDS STLG125,000,000
GUARANTEED FLOATING RATE NOTES
DUE 2000
---------------------------------------------------------
WE CONFIRM THAT THE RATE OF INTEREST FOR COUPON NO. 2,
PERIOD 20 AUGUST 1997 TO 20 NOVEMBER 1997 HAS TODAY BEEN
FIXED AT 7.35391 PCT (SEVEN SPOT THREE FIVE THREE NINE ONE
PER CENT).
THIS RATE WAS CALCULATED USING THE 3 MONTH STERLING LIBOR,
7.25391, PLUS A MARGIN OF 0.10 PER CENT.
THE COUPON AMOUNT DUE FOR THIS PERIOD IS PDS STLG 185.36
(ONE HUNDRED AND EIGHTY FIVE POUNDS AND THIRTY SIX PENCE)
PER PDS STLG10,000 DENOMINATION AND PDS STLG 1,853.59 (ONE
THOUSAND, EIGHT HUNDRED AND FIFTY THREE POUNDS AND FIFTY
NINE PENCE) PER PDS STLG100,000 DENOMINATION AND WILL PAY
AT THE INTEREST PAYMENT DATE 20 NOVEMBER 1997.
THIS AMOUNT HAS BEEN CALCULATED ON THE ACTUAL NUMBER OF
DAYS ELAPSED (92) DIVIDED BY 365.
IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK
ON TEL: 44 171 500 0146/0150 OR FAX: 44 171 500 0483.
KIND REGARDS
RATE FIX DESK
CITIBANK N.A. LONDON
END
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