FRC41 - FirstRand Bank Limited - Interest rate reset announcement
JSE
BIFR1
FRC41 - FirstRand Bank Limited - Interest rate reset announcement
FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001225/06)
Company code: BIFR1
("FRB")
INTEREST RATE RESET ANNOUNCEMENT
FRC41 8.325% p.a. (275bps over 3 month Jibar of 5.575%) for the period 25
October 2011 to 24 January 2012, payable on 25 January 2012
(Modified Following*)
Next reset: 25 January 2012
JIBAR rates as at 25 October 2011: 3 Month 5.575%
*When the Interest Payment Date falls on a non business day one of the
following Date Convention 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.
26 October 2011
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 26/10/2011 09:28:01 Produced by the JSE SENS Department.
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