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BIDVESTCO LIMITED - Interest rate reset-BID04

Release Date: 25/11/2013 16:34
Code(s): BID04     PDF:  
Wrap Text
Interest rate reset-BID04

Bidvestco Limited

(Incorporated in the Republic of South Africa)

(Registration number 1966/011512/06)

Company code: BIBID

ISIN: ZAG000069469

(“Bidvestco”)





INTEREST RATE RESET ANNOUNCEMENT



BID04     6.492% p.a. (1.30% over 3 month Jibar of 5.192%) for the

          period 25 November 2013 to 23 February 2014, payable on

          24 February 2014 (Following*)

          Next reset: 24 February 2014



JIBAR rates as at 25 November 2013: 3 Month 5.192%



*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.





25 November 2013



Debt Sponsor

Rand Merchant Bank (A division of FirstRand Bank Limited)


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