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SOUTH AFRICAN SECURITISATION PROGRAMME (RF) LIMITED - Amendmend to the Applicabe Pricing Supplement

Release Date: 07/02/2024 12:00
Code(s): SLRC7 SLRB7 SLRA7     PDF:  
Wrap Text
Amendmend to the Applicabe Pricing Supplement

South African Securitisation Programme (RF) Limited
Registration No: 1991/002706/06)
Formerly called South African Securitisation Programme (Proprietary)
Limited
(with registration number 1991/002706/07)
("South African Securitisation Programme")
Incorporated with limited liability in the Republic of South Africa

AMENDMEND TO THE APPLICABLE PRICING SUPPLEMENT UNDER THE SOUTH AFRICAN
SECURITISATION PROGRAMME (RF) LTD – SERIES 3

On 01 October 2023, South African Securitisation Programme (RF) Ltd
(the "Issuer") requested Noteholder approval in relation to the
amendment of the Final Maturity Date in the Appliable Pricing
Supplement issued under Series 3.

The Issuer had requested Noteholders approval to amend the Applicable
Pricing Supplements for the purpose of updating the Final Maturity
Date specified therein.

The noteholders for the following classes of notes were engaged to
provide approval:

  •   Class   A6
  •   Class   A7
  •   Class   B6
  •   Class   B7
  •   Class   C6
  •   Class   C7


An extraordinary written resolution was passed based on Noteholders'
votes obtained for Class A.
   • Class A 70.12%

The Issuer was unable to obtain sufficient votes for the Class B and
Class C notes to pass an extraordinary written resolution.
   • Class B 63.16%
   • Class C 55.56%


For further information please contact:

Mr. Dhesegan Govender (Sasfin Bank Limited)
(011) 809 7892
07 February 2024
Debt Sponsor
Sasfin Bank Limited

Date: 07-02-2024 12:00:00
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