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TORQUE SECURITISATION (RF) LIMITED - TORQ3, TORQ7, TORQ8 - Partial Capital Redemption

Release Date: 11/05/2017 13:00
Code(s): TORQ3 TORQ7 TORQ8     PDF:  
Wrap Text
TORQ3, TORQ7, TORQ8 - Partial Capital Redemption

Torque Securitisation (RF) Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2012/030043/06)
Company code: TSRF
Bond code: TORQ3, TORQ7, TORQ8
ISIN: ZAG000099235, ZAG000118761, ZAG000128760
(“Torque”)

PARTIAL CAPITAL REDEMPTION

In accordance with the Terms and Conditions of Torque’s Secured Asset Backed Note Programme dated 8
August 2012, investors are herewith advised of the partial capital redemption of the TORQ3, TORQ7 and
TORQ8 notes.


Bond Code:                                                      TORQ3
Effective Date:                                                 15 May 2017
Amount Outstanding before Redemption:                           ZAR101,391,815.00
Capital Redemption Amount:                                      ZAR25,863,921.00
Amount Outstanding after Redemption:                            ZAR75,527,894.00

Bond Code:                                                      TORQ7
Effective Date:                                                 15 May 2017
Amount Outstanding before Redemption:                           ZAR126,739,768.00
Capital Redemption Amount:                                      ZAR32,329,901.00
Amount Outstanding after Redemption:                            ZAR94,409,867.00

Bond Code:                                                      TORQ8
Effective Date:                                                 15 May 2017
Amount Outstanding before Redemption:                           ZAR120,656,259.00
Capital Redemption Amount:                                      ZAR30,778,066.00
Amount Outstanding after Redemption:                            ZAR89,878,193.00


The partial redemption is as a result of the issuer entering into early amortisation on 17 May 2016 as per the
announcement released on the Stock Exchange News Service on 20 May 2016.


11 May 2017


Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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