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Listings of New Financial Instruments
MW ASSET RENTALS (RF) LIMITED
Reg No 2002/030074/06
Incorporated in the Republic of South Africa
JSE alpha code: MWSI
LISTINGS OF NEW FINANCIAL INSTRUMENTS
The JSE Limited has granted approval for new financial instruments listings to MW Asset Rentals (RF)
Limited under its Lease Receivables Backed Note Programme, sponsored by Nedbank Limited, as follows:
Bond code: MWAR11
Authorised programme size: R2,500,000,000.00
Total amount in issue after this issuance: R1 900 000 000
Instrument type: Floating rate
Nominal issued: R300,000,000.00
Issue price: 100%
Interest rate: 10.21% (being 3-month JIBAR as at 17 November 2023 of
8.367% plus 1.85%)
Step-up rate: 10.84% (being 3-month JIBAR as at 17 November 2023 of
8.367% plus 2.48%)
Trade type: Price
Scheduled maturity date: 22 November 2026
Final redemption date: 22 November 2033
Books close dates: 12 February to 22 February, 12 May to 22 May, 12 August to
22 August, 12 November to 22 November
Interest payment dates: 22 February, 22 May, 22 August, 22 November
Last day to register: By 17:00 on 11 February, 11 May, 11 August, 11 November
Issue date: 22 November 2023
Date convention: Modified following business day
Interest commencement date: 22 November 2023
Interest step-up date: 22 November 2026
First interest payment date: 22 February 2023
ISIN: ZAG000200254
Additional information: Secured Class A notes
Bond code: MWAR12
Authorised programme size: R2,500,000,000.00
Total amount in issue after this issuance: R1 900 000 000
Instrument type: Floating rate
Nominal issued: R200,000,000.00
Issue price: 100%
Interest rate: 9.61% (being 3-month JIBAR as at 17 November 2023 of
8.367% plus 1.25%)
Step-up rate: 10.04% (being 3-month JIBAR as at 17 November 2023 of
8.367% plus 1.68%)
Trade type: Price
Scheduled maturity date: 22 November 2024
Final redemption date: 22 November 2033
Books close dates: 12 February to 22 February, 12 May to 22 May, 12 August to
22 August, 12 November to 22 November
Interest payment dates: 22 February, 22 May, 22 August, 22 November
Last day to register: By 17:00 on 11 February, 11 May, 11 August, 11 November
Issue date: 22 November 2023
Date convention: Modified following business day
Interest commencement date: 22 November 2023
Interest step-up date: 22 November 2024
First interest payment date: 22 February 2023
ISIN: ZAG000200247
Additional information: Secured Class A notes
The Applicable Pricing Supplements are available at: https://merchantwest.co.za/mw-asset-rentals/
The notes relating to the new financial instruments ("Notes") will be dematerialised in the Central
Securities Depository ("CSD") and settlement will take place electronically in terms of JSE Rules. For
further information on the Note issues please contact:
Corporate Actions JSE +27 11 520 7000
21 November 2023
Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 21-11-2023 11:06:00
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