NQABA FINANCE 1 (RF) LIMITED - Nqaba - Downgrade of Eskom Holdings SOC Limited by Moody's Investor Services
NQ1A10 NQ1B10 NQ1C10 NQ1A17 NQ1A19 NQ1A21 NQ1A23 NQ1A24 NQ1A25 NQ1A26 NQ1B15 NQ1B17 NQ1B19 NQ1C15 NQ1C17 NQ1C19 NQF1D5 NQF1D7 NQF1D8 201804100022A
Nqaba - Downgrade of Eskom Holdings SOC Limited by Moody's Investor Services
NQABA FINANCE 1 SECURITY SPV (RF) PROPRIETARY LIMITED
Registration Number 2005/036141/07
(“Nqaba")
Bond Code ISIN No
NQ1A10 ZAG000077686
NQ1A17 ZAG000105941
NQ1A19 ZAG000126509
NQ1A21 ZAG000136664
NQ1A23 ZAG000143983
NQ1A24 ZAG000143991
NQ1A25 ZAG000144007
NQ1A26 ZAG000144155
NQ1B10 ZAG000077702
NQ1B15 ZAG000105966
NQ1B17 ZAG000126467
NQ1B19 ZAG000144163
NQ1C10 ZAG000077694
NQ1C15 ZAG000105958
NQ1C17 ZAG000126459
NQ1C19 ZAG000144148
NQF1D5 ZAG000077678
NQF1D7 ZAG000105974
NQF1D8 ZAG000136656
DOWNGRADE OF ESKOM HOLDINGS SOC LIMITED ("ESKOM") BY MOODY’S INVESTOR
SERVICES ("MOODY’S")
Nqaba notes the downgrade by Moody’s of Eskom on 28 March 2018 and confirms that no Early
Amortisation Event has occurred as a result of such downgrade.
Nqaba has nevertheless decided to reconsider the definition of the Early Amortisation Event linked to the
downgrade of the rating of the notes issued by Eskom under its domestic medium term note programme,
and will be in contact with noteholders in this regard in due course.
Johannesburg
10 April 2018
Debt Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited
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