MARTIUS (RF) LIMITED has unveiled its latest financial offering to investors, the MAR02B Floating Rate Note. This development comes as the company continues to expand its presence in the Interest Rate Market on the Johannesburg Stock Exchange (JSE).
The issuance of the MAR02B Floating Rate Note marks another milestone for MARTIUS (RF) LIMITED in the financial sector. The note, with a nominal issue size of R 20,000,000.00, will be listed on the JSE’s Interest Rate Market, effective September 23, 2022, under its Secured Note Programme dated February 22, 2022.
This bond issue has been authorized as part of a larger programme with a total size of R 10,000,000,000.00. Currently, R 771,000,000.00 worth of notes are outstanding, reflecting investor confidence in MARTIUS (RF) LIMITED.
One of the notable features of the MAR02B Floating Rate Note is its coupon structure. While the specific coupon rate is not provided in the announcement, it is linked to the 3 Month JIBAR rate as of September 18, 2023, with an additional 600 basis points (bps). This floating rate mechanism ensures that investors can benefit from potential interest rate fluctuations during the note’s term.
Investors interested in the MAR02B Floating Rate Note should take note of the following key dates:
For investor convenience and efficiency, the MAR02B Floating Rate Note will be immobilized in the Central Securities Depository (CSD), with electronic settlement in accordance with JSE Rules.
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