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TORQUE SECURITISATION (RF) LTD - Interest Rate reset-TORQ1, TORQ2, TORQ3, TORQ4, TORQ5 &TORQ6

Release Date: 15/11/2013 14:37
Code(s): TORQ1 TORQ2 TORQ3 TORQ4 TORQ5 TORQ6     PDF:  
Wrap Text
Interest Rate reset-TORQ1, TORQ2, TORQ3, TORQ4, TORQ5 &TORQ6

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          6.442% p.a. (1.25% over 3 month Jibar of 5.192%)
               for the period 15 November 2013 to 16 February
               2014, payable on 17 February 2014 (Following*)
               Next reset: 17 February 2014
TORQ2          6.592% p.a. (1.40% over 3 month Jibar of 5.192%)
               for the period 15 November 2013 to 16 February
               2014, payable on 17 February 2014 (Following*)
               Next reset: 17 February 2014
TORQ3          6.782% p.a. (1.59% over 3 month Jibar of 5.192%)
               for the period 15 November 2013 16 February 2014,
               payable on 17 February 2014 (Following*)
               Next reset: 17 February 2014
TORQ4          6.802% p.a. (1.61% over 3 month Jibar of 5.192%)
               for the period 15 November 2013 to 16 February
               2014, payable on 17 February 2014 (Following*)
               Next reset: 17 February 2014
TORQ5          7.742% p.a. (2.55% over 3 month Jibar of 5.192%)
               for the period 15 November 2013 to 16 February
               2014, payable on 17 February 2014 (Following*)
               Next reset: 17 February 2014
TORQ6          13.000% p.a. (4.50% over Prime Rate of 8.500%) for
               for the period 15 November 2013 to 16 February
               2014, payable on 17 February 2014 (Following*)
               Next reset: 17 February 2014

JIBAR rates as at 15 November 2013: 3 Month 5.192%
Prime Rate as at 15 November 2013: 8.500%

*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.


15 November 2013

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

Date: 15/11/2013 02:37:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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