BIABL - African Bank Limited - Interest Rate Reset announcement
JSE
BIABL
BIABL - African Bank Limited - Interest Rate Reset announcement
African Bank Limited
(Incorporated in the Republic of South Africa)
(Registered bank)
(Registration number 1975/002526/06)
Company code: BIABL
("African Bank")
INTEREST RATE RESET ANNOUNCEMENT
ABLS3 9.600% p.a. (400bps over 3 month Jibar of 5.600%) for the period
02 April 2012 to 01 July 2012, payable on
02 July 2012 (Following*)
Next reset: 02 July 2012
JIBAR rates as at 02 April 2012: 3 Month 5.600%
*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
02 April 2012
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 02/04/2012 13:12:02 Produced by the JSE SENS Department.
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