ABLC04 - African Bank Limited - Interest Rate Reset Announcement
JSE
BIABL
ABLC04 - 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
ABLC04 5.875% p.a. (30bps over 3 month Jibar of 5.575%) for the period 15
November 2011 to 15 February 2012, payable on
15 February 2012 (Following*)
JIBAR rates as at 15 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:
Following - This means that the interest will be paid on the first business day
after the weekend or public holiday.
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.
Preceding - This means that the interest will be paid on the last business day
before the weekend or public holiday.
Midrand
15 November 2011
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 15/11/2011 17:16:00 Produced by the JSE SENS Department.
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