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FIRSTRAND BANK LIMITED - Interest Rate Reset-FRS96

Release Date: 27/02/2014 15:07
Code(s): FRS96     PDF:  
Wrap Text
Interest Rate Reset-FRS96

FirstRand Bank Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1929/001225/06)
Company code: BIFR1
FRS96 ISIN: ZAG000108390
 (FRB)


INTEREST RATE RESET ANNOUNCEMENT

FRS96          7.475% p.a. (1.80% over 3 month Jibar of 5.675%) for
               the period 27 February 2014 to 26 May 2014, payable
               on 27 May 2014 (Modified Following*)
               Next reset: 27 May 2014

JIBAR rate as at 27 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.


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

Date: 27/02/2014 03:07:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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