BIBAY - Bayport Securitisation (RF) Ltd - Supplement to the Programme
JSE
BIBAY
BIBAY - Bayport Securitisation (RF) Ltd - Supplement to the Programme
Memorandum
Bayport Securitisation (RF) Ltd
(Incorporated with limited liability in the Republic of South Africa)
(Registration number M2008/003557/06)
Formerly called Bayport Securitisation (Proprietary) Limited
(with registration number 2008/003557/07)
("Bayport Securitisation" or the "Company")
SUPPLEMENT TO THE PROGRAMME MEMORANDUM
On 20 May 2011, Bayport Securitisation registered a Programme Memorandum
(the "Programme Memorandum"), to launch its ZAR4,400,000, 000 Asset Backed
Note Programme. A supplement to the Programme Memorandum dated 22 September
2011 (the "Supplement") has been issued for the purpose of updating the
Programme Memorandum in various respects, namely:
(i) to incorporate information regarding the conversion of Bayport
Securitisation from a private company to a public company and to make
consequential amendments to the Programme Memorandum resulting from
this conversion;
(ii) to incorporate information regarding the transfer of the Collection
Accounts from BFS 2003 to BFS and to update information regarding the
schedule of bank accounts referred to in Appendix 4 to the Programme
Memorandum;
(iii) to provide updated information regarding the conclusion and
implementation of warehousing facility agreements;
(iv) to make certain corrections in the Programme Memorandum regarding
the reference to stock codes and the issue date of Notes referred to
therein;
(v) to update certain disclosures regarding South African law resulting
from the implementation of the Companies Act, No.71 of 2008,as
amended.
The Supplement is supplemental to, and should be read in conjunction with
the Programme Memorandum. The Supplement and the Programme Memorandum are
available for download from Transaction Capital (Proprietary) Limited`s
website at http://www.transactioncapital.co.za/baysecdebt.aspx
26 September 2011
Debt Sponsor
Deutsche Securities (SA)(Proprietary) Limited
Date: 26/09/2011 15:17:18 Produced by the JSE SENS Department.
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