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TRANS - CALEDON TUNNEL AUTHORITY - Results of TCTAs WS04 to WSP5 Switch auction.

Release Date: 18/02/2016 13:22
Code(s): WS04 WSP5     PDF:  
Wrap Text
Results of TCTA’s WS04 to WSP5 Switch auction.

Trans-Caledon Tunnel Authority (TCTA)

Results of TCTA’s WS04 to WSP5 Switch auction.

TCTA switched R2,691 million WS04 (May 2016) bonds into R2,787 million WSP5 (May
2021) bonds.
Both bonds carry an explicit RSA government guarantee.

The next switch auction will take place on Thursday 17 March 2016


Auction Date                          Thursday 18 February 2016
Settlement Date                       Tuesday 23 February 2016

Source Bond                           WS04 (12.5% May 2016)
Total Amount of Bids Received (R’m)   2,691
Total Number of Bids Received         9
Yield on Source Bond                  7.20%

Destination Bond                      WSP5 (9% May 2021)
Lowest Yield Bid                      9.42%
Highest Yield Bid                     9.45%

Total Allocated (R’m)                 2,691
Number of Successful Bids             9
Weighted Average Yield                9.43702%

Post Auction Issued Amounts (R’m)
Source Bond (WS04)                    2,222
Destination Bond (WSP5)               7,870

Dealers                               Absa: Beyers Roux, Trusha Parbhoo-Kanjee
                                      Investec: Steve Arnold
                                      Nedbank: Thabo Mahloele, Gavin Lemos
                                      Standard Bank: Linda Nyembezi, Junior
                                      Ramukumba


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

18 February 2016

Date: 18/02/2016 01:22:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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