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FIRSTRAND BANK LIMITED - Interest Rate Reset - FRJ18

Release Date: 26/11/2012 09:15
Code(s): FRJ18     PDF:  
Wrap Text
Interest Rate Reset - FRJ18

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


INTEREST RATE RESET ANNOUNCEMENT

FRJ18          6.571% p.a. (149bps over 3 month Jibar of 5.081%)
               for the period 21 November 2012 to 20 February
               2013, payable on 21 February 2013 (Following*)
               Next reset: 21 February 2013

JIBAR rates as at 21 November 2012: 3 Month 5.081%


*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.


26 November 2012

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

Date: 26/11/2012 09:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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