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Zenith Inv. Ld. (32PR)

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Tuesday 26 February, 2002

Zenith Inv. Ld.

Rate Fix Notification

Zenith Investments Ld
26 February 2002


Zenith Investments Limited

26 February 2002

Re: Rate Fix Notification

Zenith Investments Limited - Series 2001-38

EUR 55,000,000 FR Credit Linked Notes due Nov 2003

ISIN NUMBER: XS0139429350

ISSUE NOMINAL EUR : 55,000,000

PERIOD: 27-Feb-2002 to 27-May-2002 Payment Date: 27-May-2002

NUMBER OF DAYS: 89

RATE: 3.604

DENOMINATION EUR: 10,000.00

AMOUNT PAYABLE

PER DENOMINATION: 89.10


Capital Markets Fiduciary Services

Chase Manhattan Bank

Telephone: 44(0) 1202 34 1286


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