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COMMISSIONER STREET NO 4 LIMITED - MEFSA3/ MEFSA4 and MEFSA6 - Interest rate Reset

Release Date: 07/07/2016 14:08
Code(s): MEFSA3 MEFSA4 MEFSA6     PDF:  
Wrap Text
MEFSA3/ MEFSA4 and MEFSA6 - Interest rate Reset

COMMISSIONER STREET NO.4 (RF) LIMITED
Bond Code: MEFSA3        ISIN Code: ZAG000089764
Bond Code: MEFSA4        ISIN Code: ZAG000089772
Bond Code: MEFSA6        ISIN Code: ZAG000089798

INTEREST RATE RESET

The above Notes pay interest based on the 3 month JIBAR rate (“JIBAR”) plus a margin; however interest is paid
on a 6 monthly basis. Accordingly, three months after the first interest reset, the interest calculated to that date is
capitalised; the base rate is reset to the current JIBAR and interest is calculated for the remaining three month
period to the interest payment date (“Interest Payment Date”).

The table below sets out the details of the interest reset dates, rates applicable (where currently available) and the
                                                                                    
Interest Payment Dates. The nominal date for payment or interest reset is the 5th day of the applicable month, but
when the Interest Payment Date falls on a non-business day, such Interest Payment (or reset) Date is postponed to
the next business day (“Following”). The dates below indicate the Following dates where applicable.

Notice is hereby given that the 3 month JIBAR rate (“JIBAR”) as at 5 July 2016 is 7.358%.

              First interest period                       Second interest period                      Interest
Note          Reset         JIBAR     Margin    All in    Reset         JIBAR     All in    Margin    Payment
              date                              rate      date                    rate                Date
MEFSA3        05/04/2016    7.233%    1.550%    8.783%    05/07/2016    7.358%    1.550%    8.908%    05/10/2016
MEFSA4        05/07/2016    7.358%    1.700%    9.058%    05/10/2016    N/A       1.700%    N/A       05/01/2017
MEFSA6        05/07/2016    7.358%    2.050%    9.408%    05/10/2016    N/A       2.050%    N/A       05/01/2017

7 July 2016

Debt sponsor
Absa Bank Limited (acting through its Corporate and Investment Bank division)

Date: 07/07/2016 02:08:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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