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BIBMW - BMW Financial Services - Interest Rate Reset

Release Date: 15/12/2011 16:44
Code(s): JSE
Wrap Text

BIBMW - BMW Financial Services - Interest Rate Reset Market Notice Date: 15 December 2011 Subject: Interest Rate Reset BMW FINANCIAL SERVICES (SOUTH AFRICA) (PTY) LTD BMWF02 6.96% p.a. (138bps over 5.58%) for the period 15 Dec 2011 to 14 Mar 2012,payable on 15 Mar 2012 (modified following*). Next reset:
15 Mar 2012 BMWF03 7.03% p.a. (145bps over 5.58%) for the period 15 Dec 2011 to 14 Mar 2012, payable on 15 Mar 2012 (modified following*). Next reset: 15 Mar 2012 JIBAR rates as at 15 Dec 2011: 1 Month 5.474% 3 Month 5.58% 6 Month 5.825% * 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. Further information on the Note issued please contact: Kea Sape JSE (011) 520 7603 Diboko Ledwaba JSE (011) 520 7222 Date: 15/12/2011 16:44:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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