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

Release Date: 17/03/2016 12:44
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 R1,557,530,000 WS04 (May 2016) bonds into R1,633,052,449.16 WSP5
(May 2021) bonds.
Both bonds carry an explicit RSA government guarantee.

 Auction Date                          Thursday 17 March 2016
 Settlement Date                       Wednesday 23 March 2016

 Source Bond                           WS04 (12.5% May 2016)
 Total Amount of Bids Received (R’m)   1,558
 Total Number of Bids Received         5
 Yield on Source Bond                  7.1730%

 Destination Bond                      WSP5 (9% May 2021)
 Lowest Yield Bid                      9.45000%
 Highest Yield Bid                     9.50000%
 Weighted Average Yield                9.48933%

 Total Allocated (R’m)                 1,558
 Number of Successful Bids             5
 All Bids Allocated at                 9.50000%

 Post Auction Issued Amounts (R’m)
 Source Bond (WS04)                    664
 Destination Bond (WSP5)               8,908

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

The next switch auction will take place on Thursday 21 April at 11am.

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

17 March 2016

Date: 17/03/2016 12:44:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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