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BIIK
BIIK - iKhaya RMBS 2 Limited - Interest Rate Reset Announcement
iKhaya RMBS 2 Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2006/035275/06)
Company code: BIIK
("iKhaya 2")
INTEREST RATE RESET ANNOUNCEMENT
IKH2A2 6.055% p.a. (47bps over 3 month Jibar of 5.585%) for the period 22
December 2011 to 21 March 2012, payable on 22 March 2012 (Following*)
Next reset: 22 March 2012
IKH2B 6.085% p.a. (50bps over 3 month Jibar of 5.585%) for the period 22
December 2011 to 21 March 2012, payable on 22 March 2012 (Following*)
Next reset: 22 March 2012
IKH2C 6.435% p.a. (85bps over 3 month Jibar of 5.585%) for the period 22
December 2011 to 21 March 2012, payable on 22 March 2012 (Following*)
Next reset: 22 March 2012
IKH2D 7.735% p.a. (215bps over 3 month Jibar of 5.585%) for the period 22
December 2011 to 21 March 2012, payable on 22 March 2012 (Following*)
Next reset: 22 March 2012
JIBAR rates as at 22 December 2011: 3 Month 5.585%
* 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.
04 January 2012
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 04/01/2012 09:17:02 Produced by the JSE SENS Department.
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