South Africa’s TUHF Urban Finance: July 2023 Payments

  • TUHF Urban Finance announces interest and principal payments for July 2023.
  • Payments are part of the ZAR2 billion Mortgage Loan Backed Securitisation Programme.
  • Noteholders to receive scheduled payments on 31st July 2023 for three financial instruments.

TUHF Urban Finance (RF) Limited, a leading financial institution incorporated in the Republic of South Africa, has released an official notification detailing the upcoming interest and principal payments scheduled for 31 July 2023. These payments are part of TUHF Urban Finance’s ZAR2,000,000,000 Mortgage Loan Backed Securitisation Programme and are set to benefit Noteholders invested in the financial instruments mentioned below.

The securitisation programme is an integral part of TUHF Urban Finance’s operations, allowing the institution to raise capital for its urban development and housing initiatives by pooling a portfolio of mortgage loans and issuing bonds or notes secured by these loans. This financial strategy not only supports the company’s objectives but also offers investors secure and reliable investment opportunities.

In the announcement, TUHF Urban Finance provided a comprehensive breakdown of the interest and principal payments due for three of its financial instruments. Let’s take a closer look at the details:

Instrument TU1A11 (ISIN: ZAG000156167)

DescriptionAmount (ZAR)
Interest Rate10.187%
Interest Period2 May 2023 – 30 July 2023
Interest Amount DueZAR6,787,210.43
Outstanding Principal Amount before redemptionZAR270,206,233.22
Principal redemptionZAR10,523,811.77
Outstanding Principal Amount after redemptionZAR259,682,421.45
Payment Date31 July 2023
Date ConventionFollowing Business Day

Instrument TU1B11 (ISIN: ZAG000156175)

DescriptionAmount (ZAR)
Interest Rate11.967%
Interest Period2 May 2023 – 30 July 2023
Interest Amount DueZAR924,886.18
Outstanding Principal Amount before redemptionZAR31,343,923.05
Principal redemptionZAR1,220,762.17
Outstanding Principal Amount after redemptionZAR30,123,160.88
Payment Date31 July 2023
Date ConventionFollowing Business Day

Instrument TU1D11 (ISIN: ZAG000156183)

DescriptionAmount (ZAR)
Interest Rate12.717%
Interest Period2 May 2023 – 30 July 2023
Interest Amount DueZAR457,534.07
Outstanding Principal Amount before redemptionZAR14,591,136.58
Principal redemptionZAR568,285.84
Outstanding Principal Amount after redemptionZAR14,022,850.74
Payment Date31 July 2023
Date ConventionFollowing Business Day

These payments represent significant sums of money and will have a notable impact on the investment positions of Noteholders. Investors and stakeholders are urged to mark the payment date on their calendars and take note of the specific amounts due.

The Mortgage Loan Backed Securitisation Programme has been an effective tool for TUHF Urban Finance in raising capital for its urban development projects. The institution’s dedication to responsible financial practices and its track record of fulfilling its financial obligations have garnered trust and confidence from investors.

TUHF Urban Finance’s announcement of the interest and principal payments due for July 2023 underscores the company’s commitment to delivering on its financial promises. The Mortgage Loan Backed Securitisation Programme continues to be a vital driver in supporting urban development and housing initiatives in South Africa, making TUHF Urban Finance a key player in the country’s financial landscape.

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


Start trading with a free $30 bonus

Trade stocks, forex, commodities, metals and CFDs on stock indices with an internationally licensed and regulated broker. For all clients who open their first real account, XM offers a $30 trading bonus without any initial deposit needed. Learn more about how you can trade over 1000 instruments on the XM MT4 and MT5 platforms from your PC and Mac, or from a variety of mobile devices.


Personal Financial Tools

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



South Africa’s primary source of financial tools and information

Contact Us


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.