TRANS - CALEDON TUNNEL AUTHORITY - TCTA Switch Bond Auction Invitation

TCTA Switch Bond Auction Invitation

TRANS - CALEDON TUNNEL AUTHORITY (TCTA)

TCTA Switch Bond Auction Invitation

TCTA invites participation in the following switch bond auction:

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 18 February 2016
 Settlement Date                   Tuesday 23 February 2016
 Start Time                        11:00
 Closing Time                      11:30
 Results at                        12:00
 Yield on source bond              JSE MTM on Wednesday 17 February 2016

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

12 February 2016 


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

Date: 12/02/2016 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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