TRANS - CALEDON TUNNEL AUTHORITY - TCTA WS04-WSP5 Switch Auction 17 March 2016
WS04 WSP5 201603100011A
TCTA WS04-WSP5 Switch Auction 17 March 2016
Trans-Caledon Tunnel Authority (TCTA)
TCTA Switch Bond Auction Invitation
TCTA invites participation in its 17 March 2016 switch bond auction:
TCTA invites investors to switch their holdings of its WS04 (12.50%; 30 May 2016)
bond for its WSP5 (9.00% 28 May 2021) bond.
Both bonds carry an explicit RSA government guarantee.
Auction Date Thursday 17 March 2016
Settlement Date Wednesday 23 March 2016
Start Time 11:00
Closing Time 11:30
Results at 12:00
Yield on source bond 30 May interpolation between 1m & 3m Jibar +
20bps (indication 7.18%)
Source Bond WS04
On offer (R’m) for source 1,000
bond
Destination Bond WSP5
Dealers Absa: Beyers Roux, Trusha Parbhoo-Kanjee
Investec: Steve Arnold
Nedbank: Thabo Mahloele, Gavin Lemos
Standard Bank: Linda Nyembezi, Junior
Ramukumba
TCTA reserves the right to decide on the minimum and maximum amounts to be
allocated.
For further information please contact:
Nyiko Mageza, TCTA Sponsor +27 12 683 1334
10 March 2016
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