JSE
IMG
BIIMG - Imperial Group (Proprietary) Limited - Interest rate reset announcement
Imperial Group (Proprietary) Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1983/009088/07)
Bond issuer code: BIIMG
("Imperial Group" or "the Issuer")
INTEREST RATE RESET ANNOUNCEMENT
In terms of section 7(19) of the JSE Limited Debt Listing Requirements, Imperial
Group wishes to advise noteholders, in relation to its ZAR10,000,000,000
Domestic Medium Term Note Programme dated 22 September 2010 and guaranteed by
Imperial Holdings Limited ("Imperial Holdings"), that the change in the interest
rate of the IPL5 note is as follows:
IPL5 7.585% p.a. (198bps over 3 month Jibar of 5.605%)
for the period 28 June 2012 to 27 September 2012,
payable on 28 September 2012 (Modified Following*)
Next reset: 28 September 2012
JIBAR rates as at 28 June 2012: 3 Month 5.605%
*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:
Following - This means that the interest will be paid on the first business day
after the weekend or public holiday.
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.
Preceding - This means that the interest will be paid on the last business day
before the weekend or public holiday.
28 June 2012
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 28/06/2012 15:55:01 Produced by the JSE SENS Department.
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