Amber House Fund 2: Interest Rate Reset Alert

  • Amber House Fund 2 (RF) Limited announces interest rate resets for various Notes.
  • The interest rates are based on the JIBAR rate for 3-month Rand deposits and will be effective from 18 July 2023 to, but excluding, 18 October 2023.
  • Investors will see interest rate adjustments for different classes of Notes, impacting their returns during the specified interest period.
Amber House RF

Amber House Fund 2 (RF) Limited has released a significant announcement regarding the interest rate resets for its Notes, providing investors with new insights for the upcoming interest period. The interest rates, based on the Johannesburg Interbank Agreed Rate (JIBAR) for 3-month Rand deposits, will be effective from 18 July 2023 to, but excluding, 18 October 2023.

The company disclosed the interest rates for various Notes, offering investors an overview of the returns they can expect during this interest period. The following table outlines the interest rates for each class of Notes:

ClassTypeMaturity DateISIN No.JSE Bond CodeInterest Rate (%)
OM3Secured Floating Rate18 April 2024ZAG000195397AHF2O39.483
A1Secured Floating Rate18 July 2056ZAG000177775AH2A1110.008
A2Secured Floating Rate18 July 2056ZAG000177809AH2A2110.208
A3Secured Fixed Rate18 July 2056ZAG000177817AH2A317.730
B1Secured Floating Rate18 July 2056ZAG000177940AH2B1110.508
C1Secured Floating Rate18 July 2056ZAG000177932AH2C1111.508
D1Secured Floating Rate18 July 2056ZAG000177833AHF2D112.758

The interest rates for the floating rate Notes are tied to the JIBAR rate for 3-month Rand deposits, which was fixed at 8.508% on 18 July 2023. Meanwhile, the fixed-rate Note, Class A3, has an interest rate of 7.730% for the specified interest period.

These interest rate resets present investors with a clear picture of the expected returns on their investments during the upcoming quarter. It’s important for investors to stay informed about changes in interest rates, as they directly impact the profitability and attractiveness of the investment instruments.

Amber House Fund 2 (RF) Limited’s announcement is in compliance with condition 8.3. of the terms and conditions of the Notes, ensuring transparency and accountability in its dealings with investors.

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