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Notification of Notes Moving to Matured Status - NQA
NQABA FINANCE 1 (RF) LIMITED
Registration Number 2005/040050/07
(JSE Alpha code: NQA)
(Nqaba or the Issuer)
Bond Code ISIN No
NQ1A10 ZAG000077686
NQ1A24 ZAG000143991
NQ1B10 ZAG000077702
NQ1B17 ZAG000126467
NQ1C10 ZAG000077694
NQ1C17 ZAG000126459
NQF1D5 ZAG000077678
Notification of R459m of notes with Scheduled Maturity Date of 22 May 2020 moving to Matured
Note status
Nqaba wishes to advise noteholders that the Notes below will move into Matured Note status from the
Scheduled Maturity Date. As per the terms and conditions of the Notes, the applicable rates will be
adjusted from the Scheduled Maturity Date.
The NQ1A10, NQ1B10 and NQ1C10 Notes have, accordingly, converted from fixed rate Notes to floating
rate Notes. All other notes will remain as floating rate notes.
Post the Scheduled Maturity Date, the following adjusted applicable margins are indicated in the table
below.
Note Final Maturity Date Interest Rate Post Scheduled Maturity Date
NQ1A10 22 May 2052 3m Jibar + 25bps
NQ1A24 22 May 2052 3m Jibar + 224bps
NQ1B10 22 May 2052 3m Jibar + 55bps
NQ1B17 22 May 2052 3m Jibar + 254.8bps
NQ1C10 22 May 2052 3m Jibar + 100bps
NQ1C17 22 May 2052 3m Jibar + 315bps
NQ1D5 22 May 2052 3m Jibar + 115bps
On each Interest Payment Date on and as from the Scheduled Maturity Date, the Issuer shall partially
redeem each Matured Note in reducing order of rank (and pari passu if of equal rank) as determined by
the respective Classes of all Matured Notes to the extent permitted by and in accordance with the Priority
of Payments applicable during the Revolving Period, until the Outstanding Principal Amount of such
Matured Note is reduced to zero.
The Issuer is able to consider refinancing the Matured Notes at future Interest Payment Dates should
market conditions permit, with the first Interest Payment Date post the Scheduled Maturity Date being
22 August 2020.
19 May 2020
Debt Sponsor
Absa Corporate and Investment Bank, a division of Absa Bank Limited
Date: 20-05-2020 01:30:00
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