ABLS1 - African Bank Limited - Interest rate reset announcement
JSE
BIABL
ABLS1 - African Bank Limited - Interest rate reset announcement
African Bank Limited
(Incorporated in the Republic of South Africa)
(Registration number 1975/002526/06)
Company code: BIABL
("African Bank")
INTEREST RATE RESET ANNOUNCEMENT
ABLS1 7.175% p.a. (160bps over 3 month Jibar of 5.575%) for the
period 8 November 2011 to 8 February 2012, payable on
8 February 2012 (Modified Following*)
Next reset: 8 February 2012
JIBAR rates as at 8 November 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
8 November 2011
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 08/11/2011 11:49:01 Produced by the JSE SENS Department.
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