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TRANS - CALEDON TUNNEL AUTHORITY - TCTA WS04-WSP5 Switch Auction 17 March 2016

Release Date: 10/03/2016 10:55
Code(s): WS04 WSP5     PDF:  
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TCTA WS04-WSP5 Switch Auction 17 March 2016

Trans-Caledon Tunnel Authority (TCTA)

TCTA Switch Bond Auction Invitation

TCTA invites participation in its 17 March 2016 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 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        30 May interpolation between 1m & 3m Jibar +
                             20bps (indication 7.18%)

 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

10 March 2016

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