TRANS - CALEDON TUNNEL AUTHORITY - Results of TCTAs WS04 to WSP5 Switch auction.
WS04 WSP5 201602180026A
Results of TCTA’s WS04 to WSP5 Switch auction.
Trans-Caledon Tunnel Authority (TCTA)
Results of TCTA’s WS04 to WSP5 Switch auction.
TCTA switched R2,691 million WS04 (May 2016) bonds into R2,787 million WSP5 (May
2021) bonds.
Both bonds carry an explicit RSA government guarantee.
The next switch auction will take place on Thursday 17 March 2016
Auction Date Thursday 18 February 2016
Settlement Date Tuesday 23 February 2016
Source Bond WS04 (12.5% May 2016)
Total Amount of Bids Received (R’m) 2,691
Total Number of Bids Received 9
Yield on Source Bond 7.20%
Destination Bond WSP5 (9% May 2021)
Lowest Yield Bid 9.42%
Highest Yield Bid 9.45%
Total Allocated (R’m) 2,691
Number of Successful Bids 9
Weighted Average Yield 9.43702%
Post Auction Issued Amounts (R’m)
Source Bond (WS04) 2,222
Destination Bond (WSP5) 7,870
Dealers Absa: Beyers Roux, Trusha Parbhoo-Kanjee
Investec: Steve Arnold
Nedbank: Thabo Mahloele, Gavin Lemos
Standard Bank: Linda Nyembezi, Junior
Ramukumba
For further information please contact:
Nyiko Mageza, TCTA Sponsor +27 12 683 1334
18 February 2016
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