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TRANS - CALEDON TUNNEL AUTHORITY - TCTA Switch Auction Reminder - Yield on source bond (WS04) = 7.1730% - WS04, WSP5

Release Date: 17/03/2016 08:01
Code(s): WS04 WSP5     PDF:  
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TCTA Switch Auction Reminder - Yield on source bond (WS04) = 7.1730% - WS04, WSP5

Trans-Caledon Tunnel Authority (TCTA)

TCTA Switch Bond Auction Reminder – Setting of Yield on source bond

The yield on the WS04, the source bond for this morning’s auction is 7.1730% - the
30 May interpolation (6.9730%) between 1 month Jibar (6.8080%) & 3 month Jibar
(7.0420%) this morning plus 20 basis points.
It is a single price (Dutch) auction and will be done at the lowest price of all
allocated bids.

TCTA invites investors to switch their holdings of its WS04 (12.50%; 30 May 2016)
bond for its WSP5 (9.00% 28 May 2021) bond.
Both bonds carry an explicit RSA government guarantee.

 Auction Date                Thursday 17 March 2016
 Settlement Date             Wednesday 23 March 2016
 Start Time                  11:00
 Closing Time                11:30
 Results at                  12:00
 Yield on source bond        7.1730%

 Source Bond                 WS04
 On offer (R’m) for source   1,000
 bond
 Destination Bond            WSP5
 Dealers                     Absa: Beyers Roux, Trusha Parbhoo-Kanjee
                             Investec: Steve Arnold
                             Nedbank: Thabo Mahloele, Gavin Lemos
                             Standard Bank: Linda Nyembezi, Junior
                             Ramukumba


TCTA reserves the right to decide on the minimum and maximum amounts to be
allocated.

For further information please contact:
Nyiko Mageza, TCTA Sponsor +27 12 683 1334

17 March 2016

Date: 17/03/2016 08:01:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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