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CITY OF TSHWANE METROPOLITAN MUNICIPALITY - City Of Tshwane DMTN Programme Update

Release Date: 25/06/2018 15:00
Code(s): COT01 COT02 COT03 COT04     PDF:  
Wrap Text
City Of Tshwane DMTN Programme Update

CITY OF TSHWANE METROPOLITAN MUNICIPALITY
(A municipality as described in section 2 of the Local Government Municipal Systems Act, 2000, duly
established in terms of Notice No. 6770, promulgated in the Provincial Gazette Extraordinary of 1
October 2000 in terms of section 12(1) read with section 14(2) of the Local Government : Municipal
Structures Act, 1998, as amended)
(Issuer code: CTMM)
(City of Tshwane or the Issuer)


NOTIFICATION OF UPDATE OF CITY OF TSHWANE METROPOLITAN MUNICIPALITY (the Issuer)
DOMESTIC MEDIUM TERM NOTE PROGRAMME

In terms of the JSE Limited’s (JSE) Debt Listings Requirements, holders of notes are advised that the
Issuer’s 2012 Programme Memorandum has been updated by an amended and restated Programme
Memorandum dated 22 June 2018, which was approved by the JSE on 22 June 2018 (the Updated
Programme Memorandum). The Updated Programme Memorandum is available for inspection on the
Issuer’s website at the following link:

http://www.tshwane.gov.za/PublicParticipation/Programme%20Memorandum_Executed.pdf

A summary of the material changes to the Updated Programme Memorandum are as follows:

   -   increasing the authorised programme amount from R4,500,000,000 to R5,500,000,000;
   -   aligning the Updated Programme Memorandum with the latest JSE Debt Listings
       Requirements, Strate settlement requirements and other applicable legislation;
   -   introducing conditions dealing with the Redemption in the event of a failure to maintain JSE
       Listing and/or Rating” and “Clean-up Call Option” provisions; and
   -   amending the threshold provisions for “Cross Default”, “Material Indebtedness” and “Permitted
       Encumbrances”.


Johannesburg
25 June 2018

Debt Sponsor
Absa Bank Limited (acting through its Corporate and Investment Bank division)

Date: 25/06/2018 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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