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AFRICAN BANK LIMITED - Interest Rate Resets - ABL14 and ABL15

Release Date: 09/10/2013 14:15
Code(s): ABL14 ABL15     PDF:  
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Interest Rate Resets - ABL14 and ABL15

African Bank Limited
(Incorporated in the Republic of South Africa)
(Registered bank controlling company)
(Registration number 1946/021193/06)
Company code: BIABL
ISIN ABL14: ZAG000100371
ISIN ABL15: ZAG000100389
(“African Bank”)


INTEREST RATE RESET ANNOUNCEMENT

ABL14     7.142% p.a. (2.00% over 3 month Jibar of 5.142%) for the
           period 09 October 2013 to 08 January 2014, payable on
           09 January 2014(Modified Following*)
           Next reset: 09 January 2014

ABL15     7.782% p.a. (2.64% over 3 month Jibar of 5.142%) for the
           period 09 October 2013 to 08 January 2014, payable on
           09 January 2014(Modified Following*)
           Next reset: 09 January 2014


JIBAR rates as at 09 October 2013: 3 Month 5.142%

*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.


Midrand

09 October 2013

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

Date: 09/10/2013 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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