Asset backed securities

19 Jul 2001

Europe

* First Flexible No 4 plc

Amount: £500m

Legal maturity: July 1, 2036

Expected maturity: July 1, 2008

Issue price: 100.00

Call option: July 1, 2008 at par

Class A notes: £460m

Rating: AAA/AAA

Average life: 5.2 years

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