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
ABLS1 7.195% p.a. (160bps over 3 month Jibar of 5.595%) for the
period 8 August 2011 to 8 November 2011, payable on
8 November 2011(Modified Following*)
Next reset: 8 November 2011
JIBAR rates as at 8 August 2011: 3 Month 5.595%
*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
8 August 2011
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 08/08/2011 12:11:01 Produced by the JSE SENS Department.
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