Wrap Text
Listing 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
LISTING 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:
Authorised programme size R 2,500,000,000.00
Total notes issued (including this issuance &
MWAR10) R 1,900,000,000.00
Instrument type Floating rate note
Bond code MWAR09
Nominal issued R 450,000,000.00
Issue price 100%
Coupon 8.505% (3 Month JIBAR as at 16 November 2022 of 6.625% plus
188bps)
Coupon rate indicator Floating
Trade type Price
Final maturity date 22 November 2032
Books close date(s) 12 February to 22 February, 12 May to 22 May, 12 August to 22
August, 12 November to 22 November
Interest payment date(s) 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 November 2022
Date convention Modified Following
Interest commencement date 22 November 2022
First interest payment date 22 February 2023
Call / step up date 22 November 2025
ISIN ZAG000191297
Additional information Secured Class A notes
The Applicable Pricing Supplement is available at:
https://merchantwest.co.za/investor-relations/
Authorised programme size R 2,500,000,000.00
Total notes issued (including this issuance) R 1,900,000,00.00
Instrument type Floating rate note
Bond code MWAR10
Nominal issued R 200,000,000.00
Issue price 100%
Coupon 7.905% (3 Month JIBAR as at 16 November 2022 of 6.625% plus
128bps)
Coupon rate indicator Floating
Trade type Price
Final maturity date 22 November 2032
Books close date(s) 12 February to 22 February, 12 May to 22 May, 12 August to 22
August, 12 November to 22 November
Interest payment date(s) 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 November 2022
Date convention Modified Following
Interest commencement date 22 November 2022
First interest payment date 22 February 2023
Call / step up date 22 November 2023
ISIN ZAG000191305
Additional information Secured Class A notes
The Applicable Pricing Supplement is available at:
https://merchantwest.co.za/investor-relations/
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:
Allister Lamont-Smith Nedbank CIB +27 10 234 8705
Nokwethemba Nzimande Merchant West +27 11 305 9405
Corporate Actions JSE +27 11 520 7000
18 November 2022
Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 18-11-2022 02:42:00
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