|
SFN SFNP
SFN
SFN/SFNP - Sasfin Holdings Limited - Conclusion of long term funding
transaction by Sasfin
Sasfin Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1987/002097/06)
("Sasfin" or "the Group")
Ordinary share code: SFN
ISIN: ZAE000006565
Preference share code: SFNP
ISIN: ZAE000060273
CONCLUSION OF LONG TERM FUNDING TRANSACTION BY SASFIN
1. INTRODUCTION
Sasfin shareholders are advised that Sasfin Bank Limited ("Sasfin
Bank"), a wholly owned subsidiary of Sasfin has secured a joint term
loan facility with Nederlandse Financierings-Maatschappij Voor
Ontwikkelingslanded N.V. ("FMO"); Deutsche Investitions-und
Entwicklungsgesellschaft MBH ("DEG") and Societe de Promotion et de
Participation Pour la Cooperation Economique ("Proparco")(collectively
"DFI`s").
2. TERMS AND CONDITIONS OF THE LOAN
The loan facility is a senior unsecured 7 year term loan at market
related rates and is repayable on an amortising basis. The size of the
loan is broken down as follows:
- FMO: ZAR 165,350,000
- DEG: ZAR 98,805,000
- Proparco: ZAR 98,805,000
3. RATIONALE
The DFI`s are mandated to provide finance to borrowers in developing
economies. As such, they align with Sasfin`s strong focus on providing
loan finance for the Small and Medium Enterprise market. The loan and
the strategic alignment between the DFI`s and Sasfin Bank forms a
great opportunity to lay the foundation for a successful future
partnership between all the participants.
With this long term funding in place Sasfin Bank is gearing to meet
the liquidity requirements which are expected to be prescribed by the
Basel Accord in terms of Basel lll on all banks, and will allow Sasfin
Bank to continue to grow its advances.
Johannesburg
21 December 2011
Joint Sponsor
Sasfin Capital
(A division of Sasfin Bank Limited)
Lead Sponsor
KPMG Services Proprietary Limited
Date: 21/12/2011 12:00:22 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.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
