BW20030610002177  20030611T060601Z UTC


( BW)(SOUTHERN-PACIFIC-F)(AR87) FRN Variable Rate Fix - Amendment

    Business Editors
    UK REGULATORY NEWS

    LONDON--(BUSINESS WIRE)--June 11, 2003--

As Agent Bank, please be advised of the following rate determined on: 06-Jun-2003

Issue               : Southern Pacific Securities F plc - Class A1
                      USD 262,000,000 Class A1 Mortgage Backed FRN due 2028
ISIN Number         : XS0163528531
Issue Nomin     USD : 7,000,000.00
Period              : 10-Jun-2003 to 10-Sep-2003          Payment Date 10-Sep-2003
Number of Days      : 92
Rate                : 1.40688        Pool Factor:  0.9242
Denomination    US  : 9,242.00

Amount Payable 
per Denomination    : 33.23

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

   Short Name: Southern Pacifc Secs F
   Category Code: RC
   Sequence Number: 00005702
   Time of Receipt (offset from UTC): 20030610T211408+0100

    --30--DB/ny

    CONTACT: Southern Pacific Securities F PLC
 
    KEYWORD: UNITED KINGDOM INTERNATIONAL EUROPE
    INDUSTRY KEYWORD: BANKING
    SOURCE: Southern Pacifc Secs F

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