THE THEKWINI FUND 16 (RF) LIMITED - Interest Rate Reset

Interest Rate Reset

The Thekwini Fund 16 (RF) Limited
(incorporated with limited liability in the Republic of South
Africa)
(Registration number: 2018/418593/06)
Instrument Code: T16OM1 ISIN: ZAG000161720
Instrument Code: TH16A1 ISIN: ZAG000161662
Instrument Code: TH16A2 ISIN: ZAG000161670
Instrument Code: TH16A3 ISIN: ZAG000161688
Instrument Code: TH16B1 ISIN: ZAG000161696
Instrument Code: TH16C1 ISIN: ZAG000161704
Instrument Code: TH16D1 ISIN: ZAG000161712

The Thekwini Fund 16 (RF) Limited Interest rate reset

Please note, for the interest period from and including 21
February 2020 to, but excluding, 21 May 2020, the interest
rates for The Thekwini Fund 16 (RF) Limited Notes will be as
follows:

  •   R118 608 359.00 Class ?1 Secured Floating Rate Notes due
      21 August 2020(ISIN No. ZAG000161720; Bond Exchange
      Listing Code T16OM1)

  •   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 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 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 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)

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 21 February 2020 to,
but excluding, 21 May 2020) based on JIBAR for 3-month Rand
deposits for the floating rate Notes, was fixed at 6.542% on
21 February 2020.

  •   Interest on the Class ?1 Floating Rate Notes for the
      interest period was set at 7.427%

  •   Interest on the Class A1 Floating Rate Notes for the
      interest period was set at 7.802%

  •   Interest on the Class A2 Floating Rate Notes for the
      interest period was set at 7.992%

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

  •   Interest on the Class B1 Floating Rate Notes for the
      interest period was set at 8.232%

  •   Interest on the Class C1 Floating Rate Notes for the
      interest period was set at 8.542%

  •   Interest on the Class D1 Floating Rate Notes for the
      interest period was set at 10.692%


*Fixed note interest is paid semi-annually.

26 February 2020

Debt Sponsor
The Standard Bank of South Africa Limited

Date: 26-02-2020 12:58:00
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