| Wed 8 Jan 2025, 9:45 | | Transsec 4 (RF) Limited interest rate reset, interest rate payments, and interest rate deferral announcement |
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Transsec 4 (RF) Limited interest rate reset, interest rate payments, and interest rate deferral announcement
Transsec 4 (RF) Limited interest rate reset, interest rate payments, and interest rate
deferral announcement: TRA4A3, TRA4A4, TRA4A7, TRA4A8, TRA4B1 and TRA4B2
Based on the calculation of the priority of payments as at the determination date of 31 December 2024,
an interest deferral event in respect of the Class B notes (TRA4B1 & TRA4B2) has occurred due to a
principal deficiency in the structure.
The interest amounts in respect of the Class B Notes which will be deferred on 13 January 2025 Interest
Payment Date, are listed below:
11.712% p.a. being R 3,312,779.67 (367 bps over 3-month Jibar of 8.042%) for the
TRA4B1 period 14 October 2024 to 12 January 2025, which interest payment is deferred in terms
of the relevant interest deferral event.
11.712% p.a. being R 2,111,897.04 (367 bps over 3-month Jibar of 8.042%) for the
TRA4B2 period 14 October 2024 to 12 January 2025, which interest payment is deferred in terms
of the relevant interest deferral event.
Interest rates payments for the period 13 January 2025 for each of the notes are listed below:
10.342% p.a. being R 667,762.00 (230 bps over 3-month Jibar of 8.042%) for the period
TRA4A3
14 October 2024 to 12 January 2025.
10.342% p.a. being R 277,982.38 (230 bps over 3-month Jibar of 8.042%) for the period
TRA4A4
14 October 2024 to 12 January 2025.
10.342% p.a. being R 244,745.35 (230 bps over 3-month Jibar of 8.042%) for the period
TRA4A7 14 October 2024 to 12 January 2025.
10.342% p.a. being R 187,335.93 (230 bps over 3-month Jibar of 8.042%) for the period
TRA4A8 14 October 2024 to 12 January 2025.
8 January 2025
Debt Sponsor
The Standard Bank of South Africa Limited
Date: 08-01-2025 09:45:00
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