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FIRSTRAND BANK LIMITED - Interest Rate Reset - FRC101, FRC105, FRC106, FRC108, FRC148, FRC99 and FRS67

Release Date: 25/02/2013 16:10
Code(s): FRC99 FRC101 FRC106 FRC105 FRC108 FRS67 FRC148     PDF:  
Wrap Text
Interest Rate Reset - FRC101, FRC105, FRC106, FRC108, FRC148, FRC99 and FRS67

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


INTEREST RATE RESET ANNOUNCEMENT

FRC101         10.803% p.a. (572bps over 3 month Jibar of 5.083%)
               for the period 25 February 2013 to 23 May 2013,
               payable on 24 May 2013 (Modified Following*)
               Next reset: 24 May 2013
FRC105         10.483% p.a. (540bps over 3 month Jibar of 5.083%)
               for the period 25 February 2013 to 23 May 2013,
               payable on 24 May 2013 (Modified Following*)
               Next reset: 24 May 2013
FRC106         10.483% p.a. (540bps over 3 month Jibar of 5.083%)
               for the period 25 February 2013 to 23 May 2013,
               payable on 24 May 2013 (Modified Following*)
               Next reset: 24 May 2013
FRC108         10.293% p.a. (521bps over 3 month Jibar of 5.083%)
               for the period 25 February 2013 to 23 May 2013,
               payable on 24 May 2013 (Modified Following*)
               Next reset: 24 May 2013
FRC148         9.583% p.a. (450bps over 3 month Jibar of 5.083%)
               for the period 25 February 2013 to 23 May 2013,
               payable on 24 May 2013 (Modified Following*)
               Next reset: 24 May 2013
FRC99          10.883% p.a. (580bps over 3 month Jibar of 5.083%)
               for the period 25 February 2013 to 23 May 2013,
               payable on 24 May 2013 (Modified Following*)
               Next reset: 24 May 2013
FRS67          4.926% p.a. (2x[3 month JIBAR – 2.62%] where 3
               month Jibar is 5.083%) for the period 25 February
               2013 to 24 May 2013, payable on 25 May 2013
               (Modified Following*)

JIBAR rates as at 25 February 2013: 3 Month 5.083%

*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.


25 February 2013

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

Date: 25/02/2013 04:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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