- CLINDEB INVESTMENTS LIMITED announces revised interest payment amounts for note investors.
- The revised interest payment amounts are effective from 7 June 2023.
- The announcement includes details of interest rates, payment dates, and total interest amounts for various instruments.
CLINDEB INVESTMENTS LIMITED has released an important notification regarding revised interest payment amounts for its valued note investors. The company, with registration number 1991/001634/06, issued the announcement today, providing comprehensive details on interest rates, payment dates, and revised figures for various financial instruments. The debt sponsor for this announcement is The Standard Bank of South Africa Limited.
Effective from 7 June 2023, the revised interest payment amounts for the respective instruments are as follows:
1. NTC26:
- Code: 07 June 2023
- Interest Rate: 9.017%
- Total Interest Amount: R13,295,751.78
2. NTC35:
- Code: 07 June 2023
- Interest Rate: 8.707%
- Total Interest Amount: R4,455,121.42
3. NTC36:
- Code: 07 June 2023
- Interest Rate: 8.967%
- Total Interest Amount: R13,561,052.05
4. NTC27:
- Code: 12 June 2023
- Interest Rate: 8.860%
- Total Interest Amount: R6,626,794.52
- Capital Payment Amount: R300,000,000.00
5. NTC28:
- Code: 12 June 2023
- Interest Rate: 8.930%
- Total Interest Amount: R11,131,917.81
6. NTCG01:
- Code: 19 June 2023
- Interest Rate: 9.183%
- Total Interest Amount: R22,894,602.74
These revised interest payment amounts are of utmost importance to note investors, as they provide a clear understanding of the interest rates and total interest amounts they can expect to receive. By promptly notifying investors of these changes, CLINDEB INVESTMENTS LIMITED aims to ensure transparency and effective financial management for all parties involved.
The company extends its gratitude to The Standard Bank of South Africa Limited for serving as the debt sponsor for these transactions. Their involvement plays a crucial role in facilitating smooth execution and ensuring accurate interest payments to note investors.
