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Results of TCTA’s WS04 to WSP5 Switch auction
Trans-Caledon Tunnel Authority (TCTA)
Results of TCTA’s WS04 to WSP5 Switch auction.
TCTA switched R1,557,530,000 WS04 (May 2016) bonds into R1,633,052,449.16 WSP5
(May 2021) bonds.
Both bonds carry an explicit RSA government guarantee.
Auction Date Thursday 17 March 2016
Settlement Date Wednesday 23 March 2016
Source Bond WS04 (12.5% May 2016)
Total Amount of Bids Received (R’m) 1,558
Total Number of Bids Received 5
Yield on Source Bond 7.1730%
Destination Bond WSP5 (9% May 2021)
Lowest Yield Bid 9.45000%
Highest Yield Bid 9.50000%
Weighted Average Yield 9.48933%
Total Allocated (R’m) 1,558
Number of Successful Bids 5
All Bids Allocated at 9.50000%
Post Auction Issued Amounts (R’m)
Source Bond (WS04) 664
Destination Bond (WSP5) 8,908
Dealers Absa: Beyers Roux, Trusha Parbhoo-Kanjee
Investec: Steve Arnold
Nedbank: Thabo Mahloele, Gavin Lemos
Standard Bank: Linda Nyembezi, Junior
Ramukumba
The next switch auction will take place on Thursday 21 April at 11am.
For further information please contact:
Nyiko Mageza, TCTA Sponsor +27 12 683 1334
17 March 2016
Date: 17/03/2016 12:44:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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