BIFR1 - FirstRand Bank Limited - Interest Rate Reset Announcement
JSE
BIFR1
BIFR1 - 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
FRB08 6.28% p.a. (70bps over 3 month Jibar of 5.580%) for the period 12
December 2011 to 11 March 2012, payable on
12 March 2012 (Following*)
Next reset: 12 March 2012
FRB09 6.28% p.a. (70bps over 3 month Jibar of 5.580%) for the period 12
December 2011 to 11 March 2012, payable on
12 March 2012 (Following*)
Next reset: 12 March 2012
FRC46 7.93% p.a. (235bps over 3 month Jibar of 5.580%) for the period 12
December 2011 to 11 March 2012, payable on
12 March 2012 (Modified Following*)
Next reset: 12 March 2012
JIBAR rates as at 12 December 2011: 3 Month 5.580%
*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.
14 December 2011
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 14/12/2011 12:23:12 Produced by the JSE SENS Department.
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