ABLS2B
Interest Rate Reset
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
ABLS2B 11.875% p.a. (630bps over 3 month Jibar of 5.575%) for the period 13 July 2012 to 14 October 2012, payable on
15 October 2012 (Following*)
Next reset: 15 October 2012
JIBAR rates as at 13 July 2012: 3 Month 5.575%
*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
13 July 2012
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
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