Capitec Bank Limited - Interest Rate Reset

Interest Rate Reset

Capitec Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1980/003695/06) 
Company code: BICAP
(Capitec Bank)


INTEREST RATE RESET ANNOUNCEMENT

CBL13
9.575% p.a. (450bps over 3 month Jibar of 5.075%) for the period 01 August 2012 to 31 October 2012, payable on 01 November 2012 (Following*)
Next reset: 01 November 2012

JIBAR rates as at 01 August 2012: 3 Month 5.075%

*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.


01 August 2012

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


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