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PINNACLE HOLDINGS LTD - Interest Rate Reset - PTH01

Release Date: 31/01/2014 12:05
Code(s): PTH01     PDF:  
Wrap Text
Interest Rate Reset - PTH01

Pinnacle Holdings Limited
Incorporated in the Republic of South Africa)
Registration No. 1986/000334/06)
Company code: PNC
ISIN: ZAG000105230
(“Pinnacle”)


INTEREST RATE RESET ANNOUNCEMENT

PTH01          7.775% p.a. (2.10% over 3 month Jibar of 5.675%)
               for the period 31 January 2014 to 29 April 2014,
               payable on 30 April 2014 (Modified Following*)
               Next reset: 30 April 2014

JIBAR rates as at 31 January 2014: 3 Month Jibar 5.675%


*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.


31 January 2014

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

Date: 31/01/2014 12:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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