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IMPERIAL GROUP (PTY) LIMITED - Interest Rate Reset - IPL5

Release Date: 28/12/2012 14:15
Code(s): IPL5     PDF:  
Wrap Text
Interest Rate Reset - IPL5

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           7.099% p.a. (198bps over 3 month Jibar of 5.119%)
               for the period 28 December 2012 to 27 March 2013,
               payable on 28 March 2013 (Modified Following*)

               Next reset: 28 March 2013

JIBAR rates as at 28 December 2012: 3 Month 5.119%

*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.


28 December 2012

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

Date: 28/12/2012 02:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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