SA SECURITISATION PROGR (RF) LTD - SASP Series 2 Interest Rate Reset Announcement
LRFA1 LRFB1 LRFC1 201408210012A
SASP Series 2 Interest Rate Reset Announcement
South African Securitisation Programme (RF) Limited
(Registration No: 1991/002706/06)
Formerly called South African Securitisation Programme (Proprietary)
Limited
(with registration number 1991/002706/07)
(“South African Securitisation Programme”)
Incorporated with limited liability in the Republic of South Africa
INTEREST RATE RESET ANNOUNCEMENT
LRFA1 7.725% p.a. (165 bps over 3 month Jibar of 6.075%) for the
period 20 August 2014 to 19 November 2014, payable on 20
November 2014
Next reset: 20 November 2014
LRFB1 8.225% p.a. (215 bps over 3 month Jibar of 6.075%) for the
period 20 August 2014 to 19 November 2014, payable on 20
November 2014
Next reset: 20 November 2014
LRFC1 8.825% p.a. (275 bps over 3 month Jibar of 6.075%) for the
period 20 August 2014 to 19 November 2014, payable on 20
November 2014
Next reset: 20 November 2014
JIBAR rates as at 20 August 2014:
3 Month 6.075%
* 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 – The same rule as above applies. 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.
For further information please contact:
Mr. Dhesegan Govender (Sasfin Bank Limited) (011) 809 7532
Waverley
21 August 2014
Sponsor
Sasfin Bank Limited
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