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

COMMISSIONER STREET NO 4 LIMITED - MEFSA3 - Interest Rate Reset

Release Date: 20/04/2016 10:11
Code(s): MEFSA3     PDF:  
Wrap Text
MEFSA3 - Interest Rate Reset

COMMISSIONER STREET NO.4 (RF) LIMITED

Bond Code: MEFSA3
ISIN Code: ZAG000089764

INTEREST RATE RESET

The above Note pays interest based on the 3 month JIBAR rate (“JIBAR”) plus a margin; however
interest is paid on a 6 monthly basis. Accordingly, three months after the first interest reset, the
interest calculated to that date is capitalised; the base rate is reset to the current JIBAR and
interest is calculated for the remaining three month period to the interest payment date (“Interest
Payment Date”).

The table below sets out the details of the interest reset dates, rates applicable (where currently
available) and the Interest Payment Dates. The nominal date for payment or interest reset is the
5th day of the applicable month, but when the Interest Payment Date falls on a non-business day,
such Interest Payment (or reset) Date is postponed to the next business day (“Following”). The
dates below indicate the Following dates where applicable.

Notice is hereby given that the 3 month JIBAR rate (“JIBAR”) as at 5 April 2016 is: 7.233%

                                                                                                                     Interest
Note       First interest period                                   Second interest period                            Payment
           Reset date     JIBAR       Margin    All in rate        Reset date      JIBAR      Margin    All in rate  Date    
MEFSA3     2016/04/05     7.233%      1.550%    8.783%             2016/10/05      N/A        1.55      N/A          2015/10/05

20 April 2016

Debt sponsor
Absa Bank Limited (acting through its Corporate and Investment Bank division)

Date: 20/04/2016 10:11:00 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