THE THEKWINI FUND 16 (RF) LIMITED - The Thekwini Fund 16 (RF) Limited Interest rate reset TKWI16

The Thekwini Fund 16 (RF) Limited Interest rate reset  TKWI16

The Thekwini Fund 16 (RF) Limited
(incorporated with limited liability in the Republic of South
Africa)
(Registration number: 2018/418593/06)
Issuer Code: TKWI16

The Thekwini Fund 16 (RF) Limited Interest rate reset

Please note, for the interest period from and including 22
February 2021 to, but excluding, 21 May 2021, the interest
rates for The Thekwini Fund 16 (RF) Limited Notes will be as
follows:

  •   R 156 257 452.00 Class OM2 Secured Floating Rate Notes
      due 21 August 2021 (the Class A Notes) (ISIN No.
      ZAG000170119; Bond Exchange Listing Code T16OM2)

  •   R 74 999 396.00 Class OM3 Secured Floating Rate Notes due
      21 November 2021 (the Class A Notes) (ISIN No.
      ZAG000172578; Bond Exchange Listing Code T16OM3)

  •   R 464 000 000.00 Class A1 Secured Floating Rate Notes due
      21 August 2054 (the Class A Notes) (ISIN No.
      ZAG000161662; Bond Exchange Listing Code TH16A1)

  •   R 1 002 000 000.00 Class A2 Secured Floating Rate Notes
      due 21 August 2054 (the Class A Notes) (ISIN No.
      ZAG000161670; Bond Exchange Listing Code TH16A2)

  •   R 124 000 000.00 Class A3 Secured Fixed Rate Notes due 21
      August 2054 (the Class A Notes) (ISIN No. ZAG000161688;
      Bond Exchange Listing Code TH16A3)*

  •   R 695 000 000.00 Class A4 Secured Floating Rate Notes due
      21 August 2054 (the Class A Notes) (ISIN No.
      ZAG000170036; Bond Exchange Listing Code TH16A4)

  •   R 361 000 000.00 Class A5 Secured Floating Rate Notes due
      21 August 2054 (the Class A Notes) (ISIN No.
      ZAG000170044; Bond Exchange Listing Code TH16A5)

  •   R 159 000 000.00 Class A7 Secured Floating Rate Notes due
      21 August 2054 (the Class A Notes) (ISIN No.
      ZAG000172487; Bond Exchange Listing Code TH16A7)

  •   R 366 000 000.00 Class A8 Secured Floating Rate Notes due
      21 August 2054 (the Class A Notes) (ISIN No.
      ZAG000172495; Bond Exchange Listing Code TH16A8)
  •   R 109 000 000.00 Class A9 Secured Fixed Rate Notes due 21
      August 2054 (the Class A Notes) (ISIN No. ZAG000172511;
      Bond Exchange Listing Code TH16A9)*

  •   R 70 000 000.00 Class B1 Secured Floating Rate Notes due
      21 August 2054 (the Class B Notes) (ISIN No.
      ZAG000161696; Bond Exchange Listing Code TH16B1)

  •   R 45 000 000.00 Class B2 Secured Floating Rate Notes due
      21 August 2054 (the Class B Notes) (ISIN No.
      ZAG000170051; Bond Exchange Listing Code TH16B2)

  •   R 26 000 000.00 Class B3 Secured Floating Rate Notes due
      21 August 2054 (the Class B Notes) (ISIN No.
      ZAG000172537; Bond Exchange Listing Code TH16B3)

  •   R 52 000 000.00 Class C1 Secured Floating Rate Notes due
      21 August 2054 (the Class C Notes) (ISIN No.
      ZAG000161704; Bond Exchange Listing Code TH16C1)

  •   R 33 000 000.00 Class C2 Secured Floating Rate Notes due
      21 August 2054 (the Class C Notes) (ISIN No.
      ZAG000170069; Bond Exchange Listing Code TH16C2)

  •   R 19 000 000.00 Class C3 Secured Floating Rate Notes due
      21 August 2054 (the Class C Notes) (ISIN No.
      ZAG000172552; Bond Exchange Listing Code TH16C3)

  •   R 48 000 000.00 Class D1 Secured Floating Rate Notes due
      21 August 2054 (the Class D Notes) (ISIN No.
      ZAG000161712; Bond Exchange Listing Code TH16D1)

  •   R 44 000 000.00 Class D2 Secured Floating Rate Notes due
      21 August 2054 (the Class D Notes) (ISIN No.
      ZAG000170077; Bond Exchange Listing Code TH16D2)

  •   R 21 000 000.00 Class D3 Secured Floating Rate Notes due
      21 August 2054 (the Class D Notes) (ISIN No.
      ZAG000172560; Bond Exchange Listing Code TH16D3)

(Collectively, the Notes)

Notice is hereby given, in accordance with condition 8.3. of
the terms and conditions of the Notes, that the JIBAR rate for
the interest period (from and including 22 February 2021 to,
but excluding, 21 May 2021) based on JIBAR for 3-month Rand
deposits for the floating rate Notes, was fixed at 3.642% on
22 February 2021.
•   Interest on the Class OM2 Floating Rate Notes for the
    interest period was set at 4.592%

•   Interest on the Class OM3 Floating Rate Notes for the
    interest period was set at 4.392%

•   Interest on the Class A1 Floating Rate Notes for the
    interest period was set at 4.902%

•   Interest on the Class A2 Floating Rate Notes for the
    interest period was set at 5.092%

•   *Interest on the Class A3 Fixed Rate Notes for the
    interest period was set at 8.490%

•   Interest on the Class A4 Floating Rate Notes for the
    interest period was set at 5.132%

•   Interest on the Class A5 Floating Rate Notes for the
    interest period was set at 5.142%

•   Interest on the Class A7 Floating Rate Notes for the
    interest period was set at 4.892%

•   Interest on the Class A8 Floating Rate Notes for the
    interest period was set at 5.112%

•   *Interest on the Class A9 Fixed Rate Notes for the
    interest period was set at 5.76%

•   Interest on the Class B1 Floating Rate Notes for the
    interest period was set at 5.332%

•   Interest on the Class B2 Floating Rate Notes for the
    interest period was set at 5.692%

•   Interest on the Class B3 Floating Rate Notes for the
    interest period was set at 5.712%

•   Interest on the Class C1 Floating Rate Notes for the
    interest period was set at 5.642%

•   Interest on the Class C2 Floating Rate Notes for the
    interest period was set at 6.122%

•   Interest on the Class C3 Floating Rate Notes for the
    interest period was set at 5.992%
  •   Interest on the Class D1 Floating Rate Notes for the
      interest period was set at 7.792%

  •   Interest on the Class D2 Floating Rate Notes for the
      interest period was set at 8.642%

  •   Interest on the Class D3 Floating Rate Notes for the
      interest period was set at 8.142%


*Fixed note interest is paid semi-annually.

22 February 2021

Debt Sponsor
The Standard Bank of South Africa Limited

Date: 22-02-2021 04:42:00
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