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AFRICAN BANK LIMITED - Interest Rate Reset - ABL11B, ABLS3, ABLS4

Release Date: 01/07/2013 11:50
Code(s): ABL11B ABLS3 ABLS4     PDF:  
Wrap Text
Interest Rate Reset - ABL11B, ABLS3, ABLS4

African Bank Limited
(Incorporated in the Republic of South Africa)
(Registered bank)
(Registration number 1975/002526/06)
Company code: BIABL
ISIN ABL11B:ZAG000080938
ISIN ABLS4: ZAG000094244
ISIN ABLS3: ZAG000085119
(“African Bank”)


INTEREST RATE RESET ANNOUNCEMENT

ABL11B    7.650% p.a. (2.50% over 3 month Jibar of 5.150%) for the
          period 1 July 2013 to 29 September 2013, payable on 30
          September 2013 (Following*)
          Next reset: 30 September 2013

ABLS4     9.650% p.a. (4.50% over 3 month Jibar of 5.150%) for the
          period 1 July 2013 to 29 September 2013, payable on 30
          September 2013 (Following*)
          Next reset: 30 September 2013

ABLS3     9.150% p.a. (4.00% over 3 month Jibar of 5.150%) for the
          period 1 July 2013 to 29 September 2013, payable on 30
          September 2013 (Following*)
          Next reset: 30 September 2013

JIBAR rates as at 1 July 2013: 3 Month 5.150%

*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 – 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.


1 July 2013
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

Date: 01/07/2013 11:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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