Ndala Investments No.1 (RF) Limited Set to Deliver Interest Payments to Bondholders, Totaling Over R11 Million

Ndala Investment Notes
  • Ndala Investments No.1 (RF) Limited announces interest payments for bondholders.
  • Bond codes NDAL02 and NDAL03 to receive interest payments of R5,049,665.75 and R6,312,082.19, respectively.
  • Payments will be made on 15 June 2023, with a modified following business day convention.

Ndala Investments No.1 (RF) Limited, a prominent investment company, has recently released an announcement regarding the upcoming interest payments for its valued bondholders. The company, registered under the number 2008/029037/06 and identified by the JSE Alpha code NDAI, aims to provide transparency and clarity regarding the interest payments scheduled.

The announcement includes specific details related to the interest payments, as follows:

Bond code: NDAL02

  • ISIN: ZAG000176850
  • Coupon: 10.017%
  • Interest period: 15 March 2023 to 15 June 2023
  • Interest amount due: R5,049,665.75
  • Payment date: 15 June 2023
  • Date convention: Modified following business day

Bond code: NDAL03

  • ISIN: ZAG000176868
  • Coupon: 10.017%
  • Interest period: 15 March 2023 to 15 June 2023
  • Interest amount due: R6,312,082.19
  • Payment date: 15 June 2023
  • Date convention: Modified following business day

Ndala Investments No.1 (RF) Limited assures bondholders that the interest payments will be disbursed promptly and in accordance with the agreed terms. The specified interest amounts for bond codes NDAL02 and NDAL03 are R5,049,665.75 and R6,312,082.19, respectively.

Marking the calendar for 15 June 2023, bondholders can expect to receive their payments on this date. It is worth noting that the date convention employed is modified following the business day, ensuring that bondholders will receive their funds on the next working day following the scheduled payment date.

The announcement further acknowledges the significant role played by Nedbank Corporate and Investment Banking, a division of Nedbank Limited, serving as the Debt Sponsor for this notification. The expertise and support offered by Nedbank Corporate and Investment Banking are crucial in facilitating the smooth execution of interest payments to bondholders.

With a strong commitment to bondholders, Ndala Investments No.1 (RF) Limited remains steadfast in providing attractive investment opportunities. The company’s consistent delivery of interest payments aims to reinforce its reputation as a reliable and trusted investment partner.

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