RNS Number:2460G
Portman Building Society
14 July 2006

Portman Building Society have issued a GBP 2.5m FRN, rated A2/A+ by Moody's/
Fitch.  Due 10th August 2011 with a pay date 14th July 2006, the deal pays a
coupon of 3 month LIBOR -2bp and has an issue price of 99.961.  UBS are Lead
Manager for the deal, which will be listed in London.






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