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MW ASSET RENTALS (RF) LIMITED - MWAR02 - New Listing

Release Date: 28/03/2018 13:53
Code(s): MWAR02     PDF:  
Wrap Text
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

Date: 28/03/2018 01:53:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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