Disposal By Eskom Finance Company SOC Limited - NQA
Disposal By Eskom Finance Company SOC Limited - NQA
NQABA FINANCE 1 (RF) LIMITED
Registration Number 2005/040050/07
(JSE Bond Issuer Code: NQA)
("Nqaba Finance " or the "Issuer")
DISPOSAL BY ESKOM FINANCE COMPANY SOC LIMITED
Noteholders are advised that Eskom Holdings SOC Limited (Eskom) has announced that they have
accepted a binding offer from African Bank Limited ("African Bank") for the staff home loan book
and assets housed in Eskom and its interests in Nqaba Finance (the "Disposal").
The parties are currently in the process of concluding a sale and purchase agreement.
The Disposal is subject to various conditions precedent, including board and regulatory approvals,
and it is anticipated that the Disposal will be concluded by 31 May 2025.
Eskom will keep stakeholders informed in regard to the conclusion of the Disposal.
For further information, please contact:
Eskom Finance Company SOC Ltd
Megawatt Park
Maxwell Drive
Sunninghill
2157
Ettienne Bester
Tel +27 11 800 5405
Email: besteret@eskom.co.za
Johannesburg
11 December 2024
Debt Sponsor
Absa Bank Limited (acting through its Corporate and Investment Bank division)
Date: 11-12-2024 01:30:00
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