BIABL - African Bank Limited - Interest Rate Reset Announcement
JSE
BIABL
BIABL - African Bank Limited - Interest Rate Reset Announcement
African Bank Limited
(Incorporated in the Republic of South Africa)
(Registered bank)
(Registration number 1975/002526/06)
Company code: BIABL
("African Bank")
INTEREST RATE RESET ANNOUNCEMENT
ABL8B 8.575% p.a. (300bps over 3 month Jibar of 5.575%) for the
period 20 June 2011 to 19 September 2011, payable on
19 September 2011(Modified Following*)
Next reset: 19 September 2011
JIBAR rate as at 20 June 2011: 3 Month 5.575%
* When the Interest Payment Date falls on a non business day, one
of the following Date Conventions will be applied, as specified
for each individual bond:
1. Following - This means that the interest will be paid on the
first business day after the weekend or public holiday
2. Modified Following - This means that the interest will be
paid on the first business day after the weekend or public
holiday. However, if the first business day after the weekend
or public holiday falls in a new calendar month the last
business day before the weekend / public holiday will be used
instead.
3. Preceding - This means that the interest will be paid on the
last business day before the weekend or public holiday.
Midrand
20 June 2011
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 20/06/2011 13:35:01 Produced by the JSE SENS Department.
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