Airports Company South Africa SOC Limited (ACSA) has issued a notification to noteholders regarding the upcoming interest payments for its bonds, AIRF02 and AIRF03. The payments, scheduled to be made on August 16, 2023, reinforce the company’s commitment to meeting its financial obligations and providing reliable returns to investors.
According to the announcement, ACSA will be making interest payments at competitive rates for both bond issues. Noteholders can expect to receive their respective interest amounts on the specified payment date.
The table below provides a summary of the key details for each bond:
|Bond||Bond Code||ISIN No.||Interest Payment Date||Interest Rate||Total Interest Amount Payable (ZAR)|
|AIRF02||AIRF02||ZAG000191602||August 16, 2023||10.633%||9,541,151.12|
|AIRF03||AIRF03||ZAG000191610||August 16, 2023||10.953%||5,797,587.95|
ACSA’s decision to promptly fulfill its interest payment obligations highlights the company’s robust financial position and dedication to honoring its commitments to bondholders. The interest rates offered, 10.633% for AIRF02 and 10.953% for AIRF03, reflect the company’s strong financial performance and may attract investors seeking stable returns amid market uncertainties.
The JSE Debt Listings Requirements stipulate that ACSA is obligated to inform noteholders of any interest payments well in advance. By complying with these regulations, ACSA ensures transparency and accountability in its financial dealings.
Investors and stakeholders are encouraged to refer to the Applicable Pricing Supplements available on ACSA’s website for comprehensive information on the terms and conditions of each bond. The supplements will provide detailed insights into the structure of the bonds, maturity dates, redemption options, and other relevant information essential for investors to make informed decisions.
As a major state-owned enterprise responsible for managing and operating multiple airports in South Africa, ACSA plays a vital role in the country’s transportation infrastructure. The airports under its management serve as critical gateways for domestic and international travel, facilitating the movement of millions of passengers and cargo every year.
Moreover, the company’s consistent and successful operations have garnered the trust of investors, making ACSA an essential participant in the country’s economic growth and development.
As ACSA continues to strengthen its position in the aviation industry, investors can anticipate timely interest payments, providing confidence in the company’s financial stability and commitment to its bondholders.
Overall, the notification of interest payments for AIRF02 and AIRF03 demonstrates ACSA’s dedication to maintaining transparent communication with its investors while upholding its financial responsibilities. The company’s proactive approach to managing its debt obligations and meeting interest payments on time enhances its reputation as a reliable and responsible player in the financial markets.