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FIRSTRAND BANK LIMITED - Interest Rate Reset - FRB10, FRC182 & FRS49

Release Date: 27/01/2014 15:10
Code(s): FRS49 FRB10 FRC182     PDF:  
Wrap Text
Interest Rate Reset - FRB10, FRC182 & FRS49

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001225/06)
Company code: BIFR1
ISIN FRB10: ZAG000092487
ISIN FRC182: ZAG000108719
ISIN FRS49: ZAG000081787
 (“FRB”)


INTEREST RATE RESET ANNOUNCEMENT

FRB10          7.225% p.a. (2.00% over 3 month Jibar of 5.225%)
               for the period 27 January 2014 to 24 April 2014,
               payable on 25 April 2014 (Following*)
               Next reset: 25 April 2014
FRC182         8.285% p.a. (3.06% over 3 month Jibar of 5.225%)
               for the period 27 January 2014 to 28 April 2014,
               payable on 29 April 2014 (Following*)
               Next reset: 29 April 2014
FRS49          6.925% p.a. (1.70% over 3 month Jibar of 5.225%)
               for the period 27 January 2014 to 28 April 2014,
               payable on 29 April 2014 (Modified Following*)
               Next reset: 29 April 2014

JIBAR rate as at 27 January :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.

27 January 2014
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

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