RNS Number:3853E
Asset Backed Capital Ld
27 November 2002



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

Issue             :  ASSET BACKED CAPITAL LTD (MTN)
                     US$100,000,000 FRN DUE 28/2/2007
ISIN Number       :  XS0074233148
Issue Nominal USD :  92,000,000.00
Period            :  29-NOV-2002  To  28-FEB-2003    Payment Date  28-FEB-2003 
Number of Days    :  91
Rate              :  1.87
Denomination USD  :  100,000.00 
Amount Payable
Per Denomination  :  472.69

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

                      This information is provided by RNS
            The company news service from the London Stock Exchange

END

RC UBVBRUARAUAA

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