| Tue 2 Aug 2022, 9:00 | | Redemption of Notes |
|
Redemption of Notes
The Thekwini Fund 16 (RF) Limited
(incorporated with limited liability in the Republic of South
Africa)
(Registration number: 2018/418593/06)
REFINANCE OF AND REDEMPTION OF NOTES
Noteholders are advised that in accordance with the Terms and
Conditions of the THE THEKWINI FUND 16 (RF) LIMITED
ZAR4,000,000,000 Asset Backed Note Programme, the Issuer shall,
in accordance with the provisions of Condition 7.3.4, on 22
August 2022, being the first Business Day following the Coupon
Step-Up Date, issue a further Tranche of Notes (the "Refinancing
Notes") and will use the proceeds of the Refinancing Notes,
together with available funds, to redeem the Principal Amount
Outstanding of the instruments listed below, in accordance with
the Priority of Payments:
Redemption Amount Principal Amount
Outstanding
TH16A1 –
ZAG000161662 R464,000,000 R 0.00
TH16A4 –
ZAG000170036 R695,000,000 R 0.00
TH16A7 –
ZAG000172487 R159,000,000 R 0.00
The effective date of the above redemptions is 22 August 2022,
being the first Business Day following the Coupon Step-Up Date.
2 August 2022
Debt Sponsor
The Standard Bank of South Africa Limited
Date: 02-08-2022 09:00:00
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