MW ASSET RENTALS (RF) LIMITED - Interest Rate Reset - 22 May 2017

Interest Rate Reset - 22 May 2017

MW ASSET RENTALS (RF) LIMITED

MWAR01       9.442% p.a. (210bps over 7.342%) for the period 22 May
ZAG000140617 2017 to 21 August 2017, payable on 22 August 2017
             (modified following*).   Next reset: 22 August 2017

INTEREST RATE RESET

JIBAR rates as at 22 May 2017:
     1 Month 7.117%
     3 Month 7.342%
     6 Month 7.883%

* When the Interest Payment Date falls on a non business
day one of the following Date Conventions 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 – The same rule as above applies.
     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.

22 May 2017

Sponsor
Nedbank CIB, a division of Nedbank Limited

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