NQABA FINANCE 1 (PTY) LIMITED - NQABA - Early amortisation as a result of the Eskom downgrade
NQF1A9 NQF1B9 NQF1C9 NQF1D4 NQF1D5 NQ1A10 NQ1C10 NQ1B10 NQ1A11 NQ1B11 NQ1A12 NQ1C11 NQF1D6 NQ1C13 NQ1A14 NQ1B13 NQ1A15 NQ1B14 NQ1C14 201301250022A
NQABA - Early amortisation as a result of the Eskom downgrade
NQABA FINANCE 1 PROPRIETARY LIMITED
Bond Issuer Code: NQABA
(“Nqaba” or “the Company”)
EARLY AMORTIZATION AS A RESULT OF THE ESKOM HOLDINGS SOC LIMITED
(“ESKOM”) DOWNGRADE
Noteholders under the Nqaba Finance 1 (Proprietary) Limited ZAR5 billion Asset Backed Note
Programme are advised that due to the Fitch downgrade of Eskom to AA+(zaf) from AAA(zaf), an
Early Amortisation Event (as defined in the Programme Memorandum dated 23 May 2011 “the
Programme Memorandum”) has occurred.
Nqaba noteholders are advised that they will be receiving a notice from the Company to convene
a meeting of noteholders in order to discuss the options on the way forward.
For any further queries please contact the Absa Sales desk on 011 895 5511.
25 January 2013
Debt Sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking division)
Date: 25/01/2013 11:03:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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