Amendments to City of Ekurhuleni’s ZAR8 000 000 000 Domestic Medium-Term Note Programme
Amendments to City of Ekurhuleni’s ZAR8 000 000 000 Domestic Medium-Term Note Programme:
Amendments to City of Ekurhuleni’s ZAR8 000 000 000 Domestic Medium-Term Note Programme
CITY OF EKURHULENI METROPOLITAN MUNICIPALITY
JSE alpha code: BIEM
(“City of Ekurhuleni” or the “Company”)
AMENDMENTS TO CITY OF EKURHULENI’S ZAR8 000 000 000 DOMESTIC MEDIUM-TERM NOTE
PROGRAMME
Noteholders are advised that City of Ekurhuleni has amended and updated its ZAR8 000 000 000
Domestic Medium-Term Note Programme (the “Programme Memorandum”) to incorporate various
technical and regulatory amendments in order to align the Programme Memorandum with the
most recent Debt Listings Requirements and applicable legislation.
The amendments to the Programme Memorandum include but are not limited to technical and
regulatory updates of the following sections:
• the issuer’s and JSE’s responsibility paragraphs;
• documents incorporated by reference;
• amendments to existing definitions;
• form of the notes;
• updates to the pro forma Applicable Pricing Supplement;
• interest and payments;
• exchange of beneficial interests and replacement of individual certificates;
• transfer of notes;
• notices and meetings of noteholders;
• modification;
• settlement, clearing and transfer of notes; and
• the general information section.
- The Risk Factors section has been removed from the Programme Memorandum and will be
published on the City of Ekurhuleni’s website:
https://www.ekurhuleni.gov.za/about-the-city/budget/long-term-borrowing-contracts.html
- The Description of the Issuer section, including, but not limited to, its business, management,
directors and corporate governance disclosure has been removed from the Programme
Memorandum and will be published on the City of Ekurhuleni’s website:
https://www.ekurhuleni.gov.za/about-the-city/budget/long-term-borrowing-contracts.html
- The South African Exchange Control section has been removed from the Programme
Memorandum and will be published on the City of Ekurhuleni’s website:
https://www.ekurhuleni.gov.za/about-the-city/budget/long-term-borrowing-contracts.html
The amendments to the Programme Memorandum have been approved by the JSE and the updated
Programme Memorandum is available for inspection on City of Ekurhuleni’s website,
https://www.ekurhuleni.gov.za/about-the-city/budget/long-term-borrowing-contracts.html.
12 May 2020
Debt Sponsor: Nedbank CIB, a division of Nedbank Limited
Date: 12-05-2020 02:30:00
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