Resilient REIT Limited, a prominent Real Estate Investment Trust (REIT) in South Africa, has announced that it will make an interest payment of R12.6 million to its note holders on February 13, 2024. The payment is in line with the terms of the bond issued by Resilient, with the interest period spanning from November 13, 2023, to February 12, 2024.
Interest Payment Details
The interest payment notification provided by Resilient outlines the following details:
| Bond Code | ISIN | Coupon | Interest Amount Due | Interest Period | Payment Date | Date Convention |
|---|---|---|---|---|---|---|
| RES62 | ZAG000193616 | 10.008% | R 12,612,821.92 | 13 November 2023 to 12 February 2024 | 13 February 2024 | Following Business Day |
This payment reflects the commitment of Resilient REIT Limited to fulfill its financial obligations to its note holders promptly.
Market Outlook
This interest payment announcement comes amid a backdrop of cautious optimism in the South African real estate sector. While challenges persist, including macroeconomic uncertainties and regulatory changes, REITs like Resilient continue to navigate these conditions effectively, providing investors with steady returns.
Conclusion
The upcoming interest payment of R12.6 million by Resilient REIT Limited reaffirms the company’s commitment to its note holders and underscores its financial stability in the market. With robust debt sponsorship from Rand Merchant Bank, Resilient continues to demonstrate its resilience in navigating the evolving landscape of the South African real estate sector.
This website uses cookies.
