BIFR1 - FirstRand Bank Limited - Interest Rate Reset announcement
JSE
FR1
BIFR1 - FirstRand Bank Limited - Interest Rate Reset announcement
FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001225/06)
Company code: BIFR1
("FRB")
INTEREST RATE RESET ANNOUNCEMENT
FRBC22 8.60% p.a. (300bps over 3 month Jibar of 5.60%) for
the period 21 June 2011 to 20 September 2012,
payable on 21 September 2012 (Following*)
Next reset: 21 September 2012
JIBAR rates as at 21 June 2011: 3 Month 5.60%
*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.
21 June 2011
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 21/06/2012 16:42:01 Produced by the JSE SENS Department.
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