TORQUE SECURITISATION (RF) LIMITED - TORQ3, TORQ6 - Interest Rate Step Up Announcement

TORQ3, TORQ6 - Interest Rate Step Up Announcement

Torque Securitisation (RF) Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2012/030043/06)
Company code: TSRF
Bond code: TORQ3 ISIN: ZAG000099235
Bond code: TORQ6 ISIN: ZAG000099268
(“Torque”)

INTEREST RATE STEP UP ANNOUNCEMENT

In accordance with the Terms and Conditions of the TORQ3 and TORQ6 applicable pricing supplements
(“the notes”), investors are herewith advised of the step-up rate in respect of the notes, effective 15
August 2017 until the earlier of full settlement in terms of the early amortisation programme
announced on SENS on 17 May 2016 or the legal maturity date of the notes, being 15 April 2022.


                      Current Margin                              Margin after Step-Up

 TORQ3                1.59% over 3M JIBAR                         2.09% over 3M JIBAR
 TORQ6                4.5% over PRIME                             5.5% over PRIME


Settlement will take place electronically in terms of the JSE rules.

4 August 2017

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

Date: 04/08/2017 01:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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