DIPULA INCOME FUND LIMITED - 2016 debt facilities renewed and Dipula debt now substantially hedged
DIA DIB 201607070013A
2016 debt facilities renewed and Dipula debt now substantially hedged
DIPULA INCOME FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/013963/06)
JSE share code: DIA ISIN: ZAE000203378
JSE share code: DIB ISIN: ZAE000203394
(Approved as a REIT by the JSE)
(“Dipula” or “the Fund”)
2016 DEBT FACILITIES RENEWED AND DIPULA DEBT NOW SUBSTANTIALLY HEDGED
Shareholders are advised that Dipula, this week seized the rates downcycle opportunity on the swap
market to conclude R360 million worth of swaps, for four years at a nominal rate of 7.85%. As a result,
Dipula’s total debt hedge increased to 60.5% from 48% at 29 February 2016. CEO Izak Petersen says
this strengthening of financial position is attributable to Dipula’s active and ongoing monitoring of debt
capital markets for hedging opportunities.
The Fund has further refinanced the R610 million of debt facilities, which are set to mature during the
2016 calendar year, at an average rate of 3 month JIBAR + 1.85%.The majority of debt was refinanced
for three years.
7 July 2016
Sponsor
Java Capital
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