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
ABL10B 8.745% p.a. (315bps over 3 month Jibar of 5.595%) for the period
15 June 2012 to 16 September 2012, payable on
17 September 2012 (Following*)
Next reset: 17 September 2012
JIBAR rates as at 15 June 2012: 3 Month 5.595%
* 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
15 June 2012
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 15/06/2012 14:21:01 Produced by the JSE SENS Department.
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