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FIRSTRAND BANK LIMITED - Interest Rate Reset-FRS93-5 & FRC180

Release Date: 10/02/2014 12:24
Code(s): FRC180 FRS93 FRS94 FRS95     PDF:  
Wrap Text
Interest Rate Reset-FRS93-5 & FRC180

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001225/06)
Company code: BIFR1
FRS93 ISIN: ZAG000107863
FRS94 ISIN: ZAG000107871
FRS95 ISIN: ZAG000107889
FRC180ISIN: ZAG000108234
(FRB)


INTEREST RATE RESET ANNOUNCEMENT

FRS93          7.725% p.a. (2.05% over 3 month Jibar   of 5.675%) for
               the period 10 February 2014 to 07 May   2014, payable
               on 08 May 2014 (Modified Following*)
               Next reset: 08 May 2014
FRS94          7.275% p.a. (1.60% less 3 month Jibar   of 5.675%) for
               the period 10 February 2014 to 07 May   2014, payable
               on 08 May 2014 (Modified Following*)
               Next reset: 08 May 2014
FRS95          6.925% p.a. (1.25% over 3 month Jibar   of 5.675%) for
               the period 10 February 2014 to 07 May   2014, payable
               on 08 May 2014 (Following*)
               Next reset: 08 May 2014
FRC180         7.395% p.a. (1.72% over 3 month Jibar   of 5.675%) for
               the period 10 February 2014 to 11 May   2014, payable
               on 12 May 2014 (Modified Following*)
               Next reset: 12 May 2014


JIBAR rate as at 10 February 2014: 3 Month 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.
10 February 2014
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

Date: 10/02/2014 12:24:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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