FIRSTRAND BANK LIMITED - Interest Rate Reset - FRC173
FRC173 201309300105A
Interest Rate Reset - FRC173
FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001225/06)
Company code: BIFR1
ISIN: ZAG000105826
(“FRB”)
INTEREST RATE RESET ANNOUNCEMENT
FRC173 7.633% p.a. (250bps over 3 month Jibar of 5.133%) for
the period 30 September 2013 to 29 December 2013,
payable on 30 December 2013 (Modified Following*)
Next reset: 30 December 2013
JIBAR rates as at 30 September 2013: 3 Month 5.133%
*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.
30 September 2013
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
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