To view the PDF file, sign up for a MySharenet subscription.

KAGISO SIZANANI CAPITAL LTD (RF) - KSB007 - Interest Rate Reset Announcement

Release Date: 02/06/2014 14:23
Code(s): KSB007     PDF:  
Wrap Text
KSB007 - Interest Rate Reset Announcement

Kagiso Sizanani Capital Limited (RF)
Incorporated in the Republic of South Africa
(Registration Number 2003/028948/07)
 Bond code: KSB007 ISIN: ZAG000099300
 Debt Issuer Code: BIKSC
  (“Kagiso Sizanani”)


                                INTEREST RATE RESET ANNOUNCEMENT

Any capitalised terms not defined herein shall have the meanings ascribed to them in Section 7 of the
programme memorandum, in relation to the Kagiso Sizanani ZAR2 billion Domestic Note and Redeemable Preference
Share Programme, dated 17 August 2012.

Noteholders are hereby advised that the 3 month JIBAR rate as at 30 May 2014 is 5.80% p.a.
Accordingly, the Interest Amount for the second Calculation Period, applicable to the Interest Payment
on 29 August 2014, will be calculated on the interest rate provided below:

KSB007                   8.55% p.a. (275bps above 3 month JIBAR of 5.80%) for the period
                         commencing on 30 May 2014 and ending on (but excluding) 29 August 2014
                         (Modified Following*)

                         Next reset date: 29 August 2014

Therefore, the Interest Amount payable on the KSB007 note on 29 August 2014 will be R10 580 308.22,
being the sum of the Interest Amounts for the first and second Calculation Periods.

*The following business day convention will be applied, as specified for the KSB007 note in its applicable
pricing supplement:

Modified Following: Means the Calculation Period will end on (but exclude) 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 Calculation Period will then end on (but exclude) the last business day
before the weekend / public holiday.




2 June 2014


Debt Sponsor
One Capital

Date: 02/06/2014 02:23:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story