REDEEMABLE UNSECURED LISTED PROGRAMME PREFERENCE SHARES ISSUED BY
INVESTEC BANK (MAURITIUS) LIMITED
Preference Shareholders of the IMRP7 Preference Shares in relation to the amendments to the IMRP7
applicable pricing supplement, under its ZAR6,000,000,000 Medium Term Note and Preference Share
Programme Memorandum.
The proposed amendments to the terms of the Preference Shares are as follows:
(i) the deletion of clause 24 of the Applicable Pricing Supplement and the insertion of a new clause 24 as follows: accordance with the Modified Following Business Day Conventionâ
(ii) the deletion of clause 28 of the Applicable Pricing Supplement and the insertion of a new clause 28 as follows:
US Dollar LIBOR Transition in asset finance – where are we now? | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
6 month
In its announcement, the FCA made it clear that these nine tenors of LIBOR would no longer be representative after 30 June 2023 whether or not there was a determination to allow continued publication of a synthetic version of one or more of these tenors of LIBOR after that date. The FCA reminded market participants that, if permitted, the publication of Synthetic LIBOR would be intended to assist parties unable to transition tough legacy contracts by 30 June 2023. Synthetic LIBOR will not be available for new contracts because, as noted above, is the LIBOR rate that a synthetic version continues would be unrepresentative for the purposes of UK BMR.
Sound Bites Series: FCA statement on LIBOR discontinuation | Dentons jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.