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CITY OF EKURHULENI METROPOLITAN MUNICIPALITY - EMM06/ EMM08P/ EMM09P - Interest Payment Notifications and Partial Capital Redemptions

Release Date: 27/05/2024 12:42
Code(s): EMM06 EMM08P EMM09P     PDF:  
Wrap Text
EMM06/ EMM08P/ EMM09P - Interest Payment Notifications and Partial Capital Redemptions

Ekurhuleni Metropolitan Municipality
(the "Issuer")
Bond Code: EMM06
ISIN: ZAG000127358
Bond Code: EMM08P
ISIN: ZAG000168816
Bond Code: EMM09P
ISIN: ZAG000168824

INTEREST PAYMENT NOTIFICATIONS AND PARTIAL CAPITAL REDEMPTIONS

Noteholders are advised of the following interest payments respectively effective 18 June 2024 and
24 June 2024:

 Bond code:                              EMM08P
 ISIN:                                   ZAG000168816
 Payment date:                           18 June 2024
 Interest Period                         Bi-annual
 Interest amount due:                    ZAR26,108,710.27

 Bond code:                              EMM09P
 ISIN:                                   ZAG000168824
 Payment date:                           18 June 2024
 Interest Period                         Bi-annual
 Interest amount due:                    ZAR37,702,763.01

 Bond code:                              EMM06
 ISIN:                                   ZAG000127358
 Coupon:                                 10.25%
 Interest period:                        Bi-Annual
 Payment date:                           24 June 2024
 Interest amount due:                    ZAR5,765,625.00

The Issuer wishes to advise the noteholders of partial capital redemptions of their EMM06,
EMM08P and EMM09P notes (the "Notes"), following the semi-annual payments in terms of the
Notes' amortising schedules in accordance with the Terms and Conditions of the Ekurhuleni
Metropolitan Municipality ZAR8 billion Domestic Medium Term Note Programme.


                        Capital                  Amount                    Payment Date
                        Redemption               Outstanding
                        Amount                   After Capital
                                                 Redemption
 EMM08P                 R37,500,000.00           R450,000,000.00           18 June 2024
 (ZAG000168816)
 EMM09P                 R37,500,000.00           R600,000,000.00           18 June 2024
 (ZAG000168816)
 EMM06                  R37,500,000.00           R75,000,000.00            24 June 2024
 (ZAG000127358)

27 May 2024

Debt sponsor
Absa Bank Limited (acting through its Corporate and Investment Bank division)

Date: 27-05-2024 12:42:00
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