MWAR02 - New Listing
MW Asset Rentals (RF) Limited
JSE Code: MWAR02
ISIN No: ZAG000150475
The JSE Limited has granted a listing to MW Asset Rentals (RF)
Limited under a Lease Receivables Backed Note Programme, sponsored
by Nedbank Limited (“Nedbank”).
INSTRUMENT TYPE: Floating Rate Note
Authorised Programme size R 2,500,000,000
Total Notes Issued R 750,000,000
Bond Code MWAR02
Nominal Issued R 300,000,000
Coupon Rate 9.125% (3 Month JIBAR as at 26 Mar 2018 of
7.125% plus 200 bps)
Coupon Indicator Floating
Trade Type Price
Final Maturity Date 22 February 2028
Books Close 12 February, 12 May, 12 August, 12 November
Interest 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 29 March 2018
Day Convention Modified Following
Interest Commencement Date 29 March 2018
First Interest Date 22 May 2018
Call / Step Up Date 22 February 2021
ISIN No. ZAG000150475
The Notes will be immobilised in the Central Depository (“CSD”) and
settlement will take place electronically in terms of JSE Rules.
28 March 2018
Sponsor
Nedbank CIB a division of Nedbank Limited
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