65OG Argent.gf Zcn39

RNS Number:0831S
Asset Backed Capital Ld
26 February 2002



As Agent Bank, please be advised of the following rate determined on: 
26-FEB-2002.

Issue             :     ASSET BACKED CAPITAL LTD (MTN)  
                        US$100,000,000 FRN DUE 28/2/2007
ISIN NO           :     XS0074233148
Issue Nominal USD :     92,000,000.00
Period            :     28-FEB-2002  To 28-MAY-2002    Payment Date 28-MAY-2002
Number of Days    :     89
Rate              :     2.35125
Denomination  US  :     100,000.00
Amount Payable         
per Denomination  :     581.28

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


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