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FIRSTRAND BANK LIMITED - Interest Rate Reset- FRJ14 & FRS56

Release Date: 20/01/2014 16:44
Code(s): FRJ14 FRS56     PDF:  
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Interest Rate Reset- FRJ14 & FRS56

FirstRand Bank Limited
Incorporated in the Republic of South Africa)
Registration No. 1929/001225/06)
Company code: BIFR1
ISIN FRJ14 ZAG000069683
ISIN FRS56 ZAG000087271


(“FRB”)


INTEREST RATE RESET ANNOUNCEMENT

FRJ14             7.425% p.a. (2.20% over 3 month Jibar of 5.225%
                  for the period 20 January 2014 to 21 April 2014,
                  payable on 22 April 2014(Following*)
                  Next reset: 22 April 2014
FRS56             7.305% p.a. (2.08% over 3 month Jibar of 5.225%
                  for the period 20 January 2014 to 21 April 2014
                  payable on 20 April 2014(Following*)
                  Next reset: 22 April 2014


JIBAR rate as at 20 January 2014: 3 Month 5.225%

*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.

20 January 2014

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

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