BIBMW - BMW Financial Services - Interest Rate Reset
JSE
BIBMW
BIBMW - BMW Financial Services - Interest Rate Reset
Market Notice
Date: 15 December 2011
Subject: Interest Rate Reset
BMW FINANCIAL SERVICES (SOUTH AFRICA) (PTY) LTD
BMWF02 6.96% p.a. (138bps over 5.58%) for the period 15 Dec 2011 to
14 Mar 2012,payable on 15 Mar 2012 (modified following*). Next
reset:
15 Mar 2012
BMWF03 7.03% p.a. (145bps over 5.58%) for the period 15 Dec 2011 to
14 Mar 2012, payable on 15 Mar 2012 (modified following*).
Next reset:
15 Mar 2012
JIBAR rates as at 15 Dec 2011:
1 Month 5.474%
3 Month 5.58%
6 Month 5.825%
* 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 - The same rule as above applies. 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.
Further information on the Note issued please contact:
Kea Sape JSE (011) 520 7603
Diboko Ledwaba JSE (011) 520 7222
Date: 15/12/2011 16:44:01 Produced by the JSE SENS Department.
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