MWAR01 201705220019A
Interest Rate Reset - 22 May 2017
MW ASSET RENTALS (RF) LIMITED
MWAR01 9.442% p.a. (210bps over 7.342%) for the period 22 May
ZAG000140617 2017 to 21 August 2017, payable on 22 August 2017
(modified following*). Next reset: 22 August 2017
INTEREST RATE RESET
JIBAR rates as at 22 May 2017:
1 Month 7.117%
3 Month 7.342%
6 Month 7.883%
* 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.
22 May 2017
Sponsor
Nedbank CIB, a division of Nedbank Limited
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