South Africa’s Fox Street 6: August Bond Payment Update

  • Fox Street 6 (RF) Limited announces bond payment schedule for August 2023, including interest and nominal amounts.
  • Five bond codes detailed, showcasing diverse payment structures, with notable figures in FS6A3's R 291 million nominal amount.
  • Investec Bank Limited serves as Debt Sponsor, ensuring financial oversight, enhancing investor confidence in upcoming disbursements.

Investors and financial market observers are closely watching as Fox Street 6 (RF) Limited as it unveils its eagerly anticipated bond payment schedule. The announcement comes as the company, incorporated with limited liability, prepares to disburse interest and nominal payments to bondholders on 21 August 2023.

The payments, revealed in an official statement from the company, are part of its commitment to meeting financial obligations and maintaining a strong presence in the market. With a registered identification number of 2016/383458/06, Fox Street 6 (RF) Limited has positioned itself as a key participant in the South African economy.

This announcement details the payments set to be made across several bond codes, including ISIN codes and respective amounts. Here is a breakdown of the payments:

Bond CodeISIN CodeNominal AmountInterest PaymentRedemption Amount
FS6A3ZAG000153131R 291,077,343.42R 6,783,840.59R 22,251,773.00
FS6B1ZAG000153149R 150,000,000.00R 3,548,252.05Nil
FS6C1UZAG000153156R 50,000,000.00R 1,241,339.73Nil
FS6D1UZAG000153164R 35,000,000.00R 903,841.92Nil
FS6E1UZAG000153172R 100,000,000.00R 2,719,528.77Nil

The payments encompass various bond codes, each with unique characteristics. Notably, bond code FS6A3 stands out with a substantial nominal amount of R 291,077,343.42 and an interest payment of R 6,783,840.59. This code also features a redemption amount of R 22,251,773.00, offering an intriguing dynamic for investors.

The Interest Period, which began on 22 May 2023, concluded on 20 August 2023, setting the stage for the forthcoming disbursements. Fox Street 6 (RF) Limited has affirmed the Interest Payment Date as 21 August 2023, signifying an important milestone for bondholders and the broader financial community.

Investors have been closely monitoring the developments surrounding these payments, seeking insight into the company’s financial health and stability. The disbursement of interest and nominal amounts serves as a testament to Fox Street 6 (RF) Limited’s commitment to its stakeholders and its dedication to maintaining transparency and accountability.

Visited 1 times, 1 visit(s) today

Stay ahead in the financial world – Sign Up to Rateweb’s essential newsletter for free. Get the latest insights on business trends, tech innovations, and market movements, directly to your inbox. Join our community of savvy readers and never miss an update that could impact your financial decisions.

Do you have a news tip for Rateweb reporters? Please email us at

Related

Personal Financial Tools

Below is a list of tools built to assist South Africans to make the best financial decisions:

Latest

Rateweb

South Africa’s primary source of financial tools and information

Contact Us

admin@rateweb.co.za

Disclaimer

Rateweb strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions.

Rateweb is not a financial service provider and should in no way be seen as one. In compiling the articles for our website due caution was exercised in an attempt to gather information from reliable and accurate sources. The articles are of a general nature and do not purport to offer specialised and or personalised financial or investment advice. Neither the author, nor the publisher, will accept any responsibility for losses, omissions, errors, fortunes or misfortunes that may be suffered by any person that acts or refrains from acting as a result of these articles.