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MW ASSET RENTALS (RF) LIMITED - New Financial Instrument Listing - MWAR01

Release Date: 17/11/2016 11:26
Code(s): MWAR01     PDF:  
Wrap Text
New Financial Instrument Listing - MWAR01

MW Asset Rentals (RF) Limited
JSE Code: MWAR01
ISIN No: ZAG000140617

The JSE Limited has granted a listing to MW Asset Rentals (RF)
Limited under a Lease Receivables Backed Note Programme, sponsored
by Nedbank Limited (“Nedbank”).

INSTRUMENT TYPE: Floating Rate Note

Authorised Programme size R 2,500,000,000
Total Notes Issued         R 450,000,000
Bond Code                  MWAR01
Nominal Issued             R 450,000,000
Coupon Rate                9.467% (3 Month JIBAR as at 15 Nov 2016 of
                           7.367% plus 210 bps)
Coupon Indicator           Floating
Trade Type                 Price
Final Maturity Date        22 November 2026
Books Close                12 February, 12 May, 12 August, 12 November
Interest Date(s)           22 February, 22 May, 22 August, 22 November
Last day to register       By 17:00 on 11 February, 11 May, 11 August,
                           11 November
Issue Date                 18 November 2016
Day Convention             Modified Following
Interest Commencement Date 18 November 2016
First Interest Date        22 February 2017
Call / Step Up Date        22 November 2019
ISIN No.                   ZAG000140617

The Notes will be immobilised in the Central Depository (“CSD”) and
settlement will take place electronically in terms of JSE Rules.

17 November 2016

Sponsor
Nedbank CIB a division of Nedbank Limited

Date: 17/11/2016 11:26:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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