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THE NITRO SECURITISATION 5 ISSUER TRUST - N5C23 - Partial Capital Redemption

Release Date: 14/09/2017 10:15
Code(s): N5C23     PDF:  
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N5C23 - Partial Capital Redemption

The Nitro Securitisation 5 Issuer Trust
(Incorporated in the Republic of South Africa)
(Master’s Reference No. IT022168/2014)
Company code: NIT
Bond code: N5C23
ISIN: ZAG000126855
(“Nitro 5”)


PARTIAL CAPITAL REDEMPTION

In accordance with the Terms and Conditions of Nitro 5’s ZAR 2,457,000,000.00 Asset Backed Notes Offering
Circular dated 4 June 2015, investors are herewith advised of the partial capital redemptions of the N5C23
notes.


Bond Code:                                    N5C23
Effective Date:                               20 September 2017
Amount Outstanding before Redemption:         ZAR 230,458,000.00
Capital Redemption Amount:                    ZAR 131,537,000.00
Amount Outstanding after Redemption:          ZAR  98,921,000.00

The partial redemption is in line with the terms set out in the Nitro Securitisation 5 Issuer Trust Offering Circular.



14 September 2017

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

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