| Mon 24 Feb 2014, 14:38 | | FIRSTRAND BANK LIMITED - Interest Rate Reset - FRC99 FRC101 FRC105 FRC106 FRC108 FRC148&FRC187 |
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FRC187 FRC99 FRC101 FRC105 FRC106 FRC108 FRC148 201402240035A
Interest Rate Reset - FRC99, FRC101, FRC105, FRC106, FRC108, FRC148&FRC187
FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001224/06)
Company code: BIFR1
(“FRB”)
INTEREST RATE RESET ANNOUNCEMENT
FRC101 11.395% p.a. (5.72% over 3 month Jibar of 5.675%)
for the period 24 February 2014 to 25 May 2014,
payable on 26 May 2014 (Modified Following*)
Next reset: 26 May 2014
FRC105 11.075% p.a. (5.40% over 3 month Jibar of 5.675%)
for the period 24 February 2014 to 25 May 2014,
payable on 26 May 2014 (Modified Following*)
Next reset: 26 May 2014
FRC106 11.075% p.a. (5.40% over 3 month Jibar of 5.675%)
for the period 24 February 2014 to 25 May 2014,
payable on 26 May 2014 (Modified Following*)
Next reset: 26 May 2014
FRC108 10.885% p.a. (5.21% over 3 month Jibar of 5.675%)
for the period 24 February 2014 to 25 May 2014,
payable on 26 May 2014 (Modified Following*)
Next reset: 26 May 2014
FRC148 10.175% p.a. (4.50% over 3 month Jibar of 5.675%)
for the period 24 February 2014 to 25 May 2014,
payable on 26 May 2014 (Modified Following*)
Next reset: 26 May 2014
FRC99 11.475% p.a. (5.80% over 3 month Jibar of 5.675%)
for the period 24 February 2014 to 25 May 2014,
payable on 26 May 2014 (Modified Following*)
Next reset: 26 May 2014
FRC187 13.675% p.a. (8.00% over 3 month Jibar of 5.675%)
for the period 24 February 2014 to 25 May 2014,
payable on 26 May 2014 (Modified Following*)
Next reset: 26 May 2014
JIBAR rate as at 24 February 2014: 3 Month 5.675%
*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.
24 February 2014
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 24/02/2014 02:38:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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