FRC55 - Interest Rate Reset

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001225/06) 
Company code: BIFR1
(FRB)


INTEREST RATE RESET ANNOUNCEMENT

FRC55

6.885% p.a. (130bps over 3 month Jibar of 5.585%) for the period 11 July 2012 to 10 October 2012, payable on 11 October 2012 (Following*) Next reset: 11 October 2012

JIBAR rates as at 11 July 2012: 3 Month 5.585%


*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 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.


11 July 2012

Debt Sponsor

Rand Merchant Bank (A division of FirstRand Bank Limited)


Date: 11/07/2012 05:50:00 Supplied by www.sharenet.co.za                     
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