THE THEKWINI FUND 15 (RF) LIMITED - The Thekwini Fund 15 (RF) Limited - Refinance Of And Redemption Of Notes

The Thekwini Fund 15 (RF) Limited - Refinance Of And Redemption Of Notes

The Thekwini Fund 15 (RF) Limited
(incorporated with limited liability in the Republic of South
Africa)
(Registration number: 2017/052656/06)

REFINANCE OF AND REDEMPTION OF NOTES

Noteholders are advised that in accordance with the Terms and
Conditions   of   the   THE  THEKWINI   FUND 15   (RF)   LIMITED
ZAR4,000,000,000 Asset Backed Note Programme, the Issuer shall,
in accordance with the provisions of Condition 7.3.4, on 23
November 2020, 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
TH15A1 –
ZAG000148735           R413,000,000             R    0.00
TH15A4 –
ZAG000151424           R288,000,000             R    0.00
TH15A7 –
ZAG000155276           R 88,000,000             R    0.00


The effective date of the above redemptions is 23 November 2020,
being the first Business Day following the Coupon Step-Up Date.

6 November 2020

Debt Sponsor
The Standard Bank of South Africa Limited

Date: 06-11-2020 12:40:00
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