TRANSSEC 4 (RF) LIMITED - Transsec 4 (RF) Limited Interest Payment, Interest Rate Step-up and Interest Deferral Announcement

Transsec 4 (RF) Limited Interest Payment, Interest Rate Step-up and Interest Deferral Announcement

Transsec 4 (RF) Limited


Transsec 4 (RF) Limited interest payment, interest rate step-up and interest 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 March 2024, an
interest deferral event in respect of the Class B notes (TRA4B1 & TRA4B2) has occurred.


Interest rates and payments for the period 15 April 2024 for each of the notes are listed below:

                    10.170% p.a. being R 1,600,658.50 (177 bps over 3-month Jibar of 8.400%) for the
   TRA4A3
                    period 15 January 2024 to 14 April 2024.
                    9.225% p.a. being R 1,276,958.95 (fixed rate note) for the period 13 October 2023 to 14
   TRA4A4
                    April 2024.
                    11.220% p.a. being R 3,173,615.77 (282 bps over 3-month Jibar of 8.400%) for the
   TRA4B1           period 15 January 2024 to 14 April 2024, which interest payment is deferred in terms of
                    the relevant interest deferral event.
                    10.170% p.a. being R 586,666.74 (177 bps over 3-month Jibar of 8.400%) for the period
   TRA4A7           15 January 2024 to 14 April 2024.
                    8.620% p.a. being R 804,121.45 (fixed rate note) for the period 13 October 2023 to 14
   TRA4A8           April 2024.
                    11.220% p.a. being R 2,023,180.05 (282 bps over 3-month Jibar of 8.400%) for the
                    period 15 January 2024 to 14 April 2024, which interest payment is deferred in terms of
   TRA4B2           the relevant interest deferral event.


It is not the issuers intention to call on the notes, therefore the margin on the notes will step up on the
step-up date (13 April) and all notes will revert to paying floating interest on a quarterly basis relative to
3-month JIBAR. Below is the new margin per note applicable to the next quarter:


   TRA4A3           230bps         15 July 2024
   TRA4A4           230bps         15 July 2024
   TRA4B1           367bps         15 July 2024
   TRA4A7           230bps         15 July 2024
   TRA4A8           230bps         15 July 2024


  TRA4B2        367bps     15 July 2024




10 April 2024


Debt Sponsor
The Standard Bank of South Africa Limited

Date: 10-04-2024 01:10:00
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