TORQUE SECURITISATION (RF) LTD - Interest Rate Reset - TORQ1-6

Interest Rate Reset - TORQ1-6

Torque Securitisation (RF) Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2012/030043/06)
Company code: TSRF
(“Torque”)


INTEREST RATE RESET ANNOUNCEMENT

TORQ1          6.325% p.a. (125bps over 3 month Jibar of 5.075%)
               for the period 15 November 2012 to 14 February
               2013, payable on 15 February 2013 ( Modified
               Following*)
               Next reset: 15 February 2013
TORQ2          6.475% p.a. (140bps over 3 month Jibar of 5.075%)
               for the period 15 November 2012 to 14 February
               2013, payable on 15 February 2013 ( Modified
               Following*)
               Next reset: 15 February 2013
TORQ3          6.665% p.a. (159bps over 3 month Jibar of 5.075%)
               for the period 15 November 2012 to 14 February
               2013, payable on 15 February 2013 ( Modified
               Following*)
               Next reset: 15 February 2013
TORQ4          6.685% p.a. (161bps over 3 month Jibar of 5.075%)
               for the period 15 November 2012 to 14 February
               2013, payable on 15 February 2013 ( Modified
               Following*)
               Next reset: 15 February 2013
TORQ5          7.625% p.a. (255bps over 3 month Jibar of 5.075%)
               for the period 15 November 2012 to 14 February
               2013, payable on 15 February 2013 ( Modified
               Following*)
               Next reset: 15 February 2013
TORQ6          9.575% p.a. (450bps over 3 month Jibar of 5.075%)
               for the period 15 November 2012 to 14 February
               2013, payable on 15 February 2013 ( Modified
               Following*)
               Next reset: 15 February 2013

JIBAR rates as at 15 November 2012: 3 Month 5.075%

*When the Interest Payment Date falls on a non business day one of
the following Date Convention will be applied, as specified for each
individual bond:

1. Following – This means that the interest will be paid on the
first business day after the weekend or public holiday.
2. Modified Following – This means that the interest will be paid on
the first business day after the weekend or public holiday. However,
if the first business day after the weekend or public holiday falls
in a new calendar month the last business day before the weekend /
public holiday will be used instead.

3. Preceding – This means that the interest will be paid on the last
business day before the weekend or public holiday.


27 November 2012

Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

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