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 controlling company)
(Registration number 1946/021193/06)
Company code: BIABL
("African Bank")
INTEREST RATE RESET ANNOUNCEMENT
ABL12B 8.00% p.a. (240bps over 3 month Jibar of 5.600%) for the
period 8 June 2012 to 9 September 2012, payable on 10
September 2012(Modified Following*)
Next reset: 10 September 2012
JIBAR rates as at 8 June 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
8 June 2012
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 08/06/2012 16:45:01 Produced by the JSE SENS Department.
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