TORQ1 TORQ2 TORQ3 TORQ4 TORQ5 TORQ6 201308150022A
Interest Rate Reset - TORQ1 - 6
Torque Securitisation (RF) Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2012/030043/06)
Company code: TSRF
(“Torque”)
INTEREST RATE RESET ANNOUNCEMENT
TORQ1 6.383% p.a. (1.25% over 3 month Jibar of 5.133%)
for the period 15 August 2013 to 14 November 2013,
payable on 15 November 2013 (Following*)
Next reset: 15 November 2013
TORQ2 6.533% p.a. (1.40% over 3 month Jibar of 5.133%)
for the period 15 August 2013 to 14 November 2013,
payable on 15 November 2013 (Following*)
Next reset: 15 November 2013
TORQ3 6.723% p.a. (1.59% over 3 month Jibar of 5.133%)
for the period 15 August 2013 to 14 November 2013,
payable on 15 November 2013 (Following*)
Next reset: 15 November 2013
TORQ4 6.743% p.a. (1.61% over 3 month Jibar of 5.133%)
for the period 15 August 2013 to 14 November 2013,
payable on 15 November 2013 (Following*)
Next reset: 15 November 2013
TORQ5 7.683% p.a. (2.55% over 3 month Jibar of 5.133%)
for the period 15 August 2013 to 14 November 2013,
payable on 15 November 2013 (Following*)
Next reset: 15 November 2013
TORQ6 13.000% p.a. (4.50% over Prime Rate of 8.500%) for
for the period 15 August 2013 to 14 November 2013,
payable on 15 November 2013 (Following*)
Next reset: 15 November 2013
JIBAR rates as at 15 August 2013: 3 Month 5.133%
Prime Rate as at 15 August 2013: 8.500%
*When the Interest Payment Date falls on a non business day one of
the following Date Convention 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 – This means that the interest will be paid on
the first business day after the weekend or public holiday. 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.
15 August 2013
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 15/08/2013 11:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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