Avco Trust PLC - FRN Variable Rate Fix
21 May 1998 - 1:45AM
UK Regulatory
RNS No 7887d
AVCO TRUST PLC
20th May 1998
RE: AVCO TRUST PLC
PDS STLG125,000,000
GUARANTEED FLOATING RATE NOTES
DUE 2000
CC 7593848
---------------------------------------------------------
WE CONFIRM THAT THE RATE OF INTEREST FOR COUPON NO.5 FOR
THE PERIOD 20 MAY 1998 TO 20 AUGUST 1998 HAS TODAY
BEEN FIXED AT 7.62734 PCT (SEVEN SPOT SIX TWO SEVEN THREE
FOUR PER CENT).
THIS RATE WAS CALCULATED USING THE 3 MONTH STERLING LIBOR,
7.52734, PLUS A MARGIN OF 0.10 PER CENT.
THE COUPON AMOUNT DUE FOR THIS PERIOD IS PDS STLG 192.25
(ONE HUNDRED AND NINETY TWO POUNDS AND TWENTY FIVE PENCE)
PER PDS STLG10,000 DENOMINATION AND PDS STLG 1,922.51 (ONE
THOUSAND, NINE HUNDRED AND TWENTY TWO POUNDS AND FIFTY
ONE PENCE) PER PDS STLG100,000 DENOMINATION AND WILL PAY
AT THE INTEREST PAYMENT DATE 20 AUGUST 1998.
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.
FROM: RATE FIX DESK
CITIBANK N.A. LONDON
END
RC EBFFLVEKXBKX
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