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Listings of new financial instruments
MW ASSET RENTALS (RF) LIMITED
Reg No 2002/030074/06
Incorporated in the Republic of South Africa
JSE alpha code: MWSI
LISTINGS OF NEW FINANCIAL INSTRUMENTS
The JSE Limited has granted approval for new financial instruments listings to MW Asset Rentals (RF)
Limited under its Lease Receivables Backed Note Programme, sponsored by Nedbank Limited, as follows:
Bond code: MWAR13
Authorised programme size: R2,500,000,000.00
Total amount in issue after this issuance: R2,000,000,000.00
Instrument type: Floating rate
Nominal issued: R195,000,000.00
Issue price: 100%
Interest rate: 10.267% (being 3-month JIBAR as at 19 February 2024 of
8.367% plus a margin of 1.90%)
Step-up rate: 3-month JIBAR as at 22 November 2027 plus a margin of
2.546%
Trade type: Price
Scheduled maturity date: 22 November 2027
Final redemption date: 22 February 2034
Books close dates: 12 February to 22 February, 12 May to 22 May, 12 August to
22 August, 12 November to 22 November
Interest payment dates: 22 February, 22 May, 22 August, 22 November
Last day to register: By 17:00 on 11 February, 11 May, 11 August, 11 November
Issue date: 22 February 2024
Date convention: Modified following business day
Interest commencement date: 22 February 2024
Interest step-up date: 22 November 2027
First interest payment date: 22 May 2024
ISIN: ZAG000202862
Additional information: Secured Class A notes
Bond code: MWAR14
Authorised programme size: R2,500,000,000.00
Total amount in issue after this issuance: R2,000,000,000.00
Instrument type: Floating rate
Nominal issued: R305,000,000.00
Issue price: 100%
Interest rate: 10.167% (being 3-month JIBAR as at 19 February 2024 of
8.367% plus a margin of 1.80%)
Step-up rate: 3-month JIBAR as at 22 November 2026 plus a margin of
2.412%
Trade type: Price
Scheduled maturity date: 22 November 2026
Final redemption date: 22 February 2034
Books close dates: 12 February to 22 February, 12 May to 22 May, 12 August to
22 August, 12 November to 22 November
Interest payment dates: 22 February, 22 May, 22 August, 22 November
Last day to register: By 17:00 on 11 February, 11 May, 11 August, 11 November
Issue date: 22 February 2024
Date convention: Modified following business day
Interest commencement date: 22 February 2024
Interest step-up date: 22 November 2026
First interest payment date: 22 May 2024
ISIN: ZAG000202854
Additional information: Secured Class A notes
Bond code: MWAR15
Authorised programme size: R2,500,000,000.00
Total amount in issue after this issuance: R2,000,000,000.00
Instrument type: Floating rate
Nominal issued: R100,000,000.00
Issue price: 100%
Interest rate: 9.517% (being 3-month JIBAR as at 19 February 2024 of
8.367% plus a margin of 1.15%)
Step-up rate: 3-month JIBAR as at 22 November 2024 plus a margin of
1.541%
Trade type: Price
Scheduled maturity date: 22 November 2024
Final redemption date: 22 February 2034
Books close dates: 12 February to 22 February, 12 May to 22 May, 12 August to
22 August, 12 November to 22 November
Interest payment dates: 22 February, 22 May, 22 August, 22 November
Last day to register: By 17:00 on 11 February, 11 May, 11 August, 11 November
Issue date: 22 February 2024
Date convention: Modified following business day
Interest commencement date: 22 February 2024
Interest step-up date: 22 November 2024
First interest payment date: 22 May 2024
ISIN: ZAG000202847
Additional information: Secured Class A notes
The Applicable Pricing Supplements are available at: https://merchantwest.co.za/mw-asset-rentals/
The notes relating to the new financial instruments ("Notes") will be dematerialised in the Central
Securities Depository ("CSD") and settlement will take place electronically in terms of JSE Rules. For
further information on the Note issues please contact:
Corporate Actions JSE +27 11 520 7000
21 February 2024
Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 21-02-2024 10:50:00
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