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BIIMG - Imperial Group (Proprietary) Limited - Interest rate reset announcement

Release Date: 28/06/2012 15:55
Code(s): JSE
Wrap Text

BIIMG - Imperial Group (Proprietary) Limited - Interest rate reset announcement Imperial Group (Proprietary) Limited (Incorporated in the Republic of South Africa) (Registration No. 1983/009088/07) Bond issuer code: BIIMG ("Imperial Group" or "the Issuer") INTEREST RATE RESET ANNOUNCEMENT In terms of section 7(19) of the JSE Limited Debt Listing Requirements, Imperial Group wishes to advise noteholders, in relation to its ZAR10,000,000,000 Domestic Medium Term Note Programme dated 22 September 2010 and guaranteed by Imperial Holdings Limited ("Imperial Holdings"), that the change in the interest rate of the IPL5 note is as follows: IPL5 7.585% p.a. (198bps over 3 month Jibar of 5.605%) for the period 28 June 2012 to 27 September 2012, payable on 28 September 2012 (Modified Following*)
Next reset: 28 September 2012 JIBAR rates as at 28 June 2012: 3 Month 5.605% *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: Following - This means that the interest will be paid on the first business day after the weekend or public holiday. 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. Preceding - This means that the interest will be paid on the last business day before the weekend or public holiday. 28 June 2012 Debt Sponsor Rand Merchant Bank (A division of FirstRand Bank Limited) Date: 28/06/2012 15:55:01 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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