| Mon 4 Nov 2024, 9:40 | | Early redemption of Notes |
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Early redemption of Notes
South African Securitisation Programme (RF) Limited
Registration No: 1991/002706/06
Incorporated with limited liability in the Republic of South Africa
SOUTH AFRICAN SECURITISATION PROGRAMME (RF) LIMITED ZAR5 000 000 000
MULTI-SELLER SEGREGATED ASSET BACKED NOTE PROGRAMME SERIES 2: EARLY
REDEMPTION OF NOTES
We refer to:
1. the notice given by South African Securitisation Programme (RF)
Limited ("Issuer") dated 9 April 2024 ("April 2024 Notice");
2. the programme memorandum issued by the Issuer on or about
12 August 2015, as amended or supplemented from time to time, in
respect of the Issuer's ZAR5 000 000 000 Multi-Seller Segregated
Asset Backed Note Programme ("Programme"); and
3. the series supplement issued by the Issuer on or about
16 November 2016, as amended or supplemented from time to time
("Series 2 Supplement"), in respect of Series 2 (Lease and Rental
Finance Series) under the Programme ("Series 2").
Unless the context indicates otherwise, capitalised terms used but not
defined herein shall bear the meaning ascribed to them in the Series 2
Supplement.
We hereby give written notice that the CEF Sale of Business Agreement
referred to in the April 2024 Notice) has become unconditional in
accordance with its terms and the Issuer intends to redeem all of the
Notes under Series 2 (referred to below) at their Outstanding Principal
Amount (together with any accrued interest thereon) on 20 November
2024.
Please see the redemption details below:
Instrument Code ISIN Capital Interest
LRFA4 ZAG000191818 R 400,000,000 R 10,233,424.66
LRFB4 ZAG000191826 R 75,000,000 R 1,956,575.34
LRFC4 ZAG000191834 R 25,000,000 R 664,794.52
The record date is 20 November 2024.
For further information please contact:
Mr. Dhesegan Govender (Sasfin Bank Limited) (011) 809 7892
04 November 2024
Sasfin Bank Limited
Debt Sponsor
Date: 04-11-2024 09:40:00
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