FRC29 - FirstRand Bank Limited - Interest rate reset announcement
FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001225/06)
Company code: BIFR1
INTEREST RATE RESET ANNOUNCEMENT
FRC29 8.225% p.a. (265bps over 3 month Jibar of 5.575%)
for the period 24 October 2011 to 23 January 2012,
payable on 23 January 2012 (Modified Following*)
Next reset: 23 January 2012
JIBAR rates as at 24 October 2011: 3 Month 5.575%
*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
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 October 2011
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 24/10/2011 12:09:26 Supplied by www.sharenet.co.za
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