Transsec 4 (RF) Limited, a Transaction Capital company, has recently disclosed the interest rate resets and payment information for several of its notes. The company aims to provide transparency and clarity to its investors and stakeholders. The announcement, made on July 10, 2023, outlines the specific rates and amounts for each note affected.
Interest Rates and Payment Schedule
Transsec 4 (RF) Limited has announced the interest rate resets and payment details for the following notes: TRA4A3, TRA4A4, TRA4A7, TRA4A8, TRA4B1, and TRA4B2.
- TRA4A3: The interest rate for TRA4A3 has been set at 9.728% per annum, amounting to R 2,056,850.11. This rate is 177 basis points over the 3-month Jibar rate of 7.958%. The interest will be applicable for the period from April 13, 2023, to July 12, 2023.
- TRA4A4: TRA4A4 is a fixed rate note with an interest rate of 9.225% per annum. Interest payments for this note are due on April 13 and October 13.
- TRA4B1: The interest rate for TRA4B1 has been set at 10.778% per annum, totaling R 4,095,443.96. This rate represents an increase of 282 basis points over the 3-month Jibar rate of 7.958%. The interest will be applicable for the same period, from April 13, 2023, to July 12, 2023.
- TRA4A7: TRA4A7 has an interest rate of 9.728% per annum, amounting to R 753,868.15. This rate is also 177 basis points over the 3-month Jibar rate of 7.958%. The interest period for this note aligns with the others, spanning from April 13, 2023, to July 12, 2023.
- TRA4A8: TRA4A8 is a fixed rate note with an interest rate of 8.620% per annum. Interest payments for this note are due on April 13 and October 13.
- TRA4B2: The interest rate for TRA4B2 has been set at 10.778% per annum, totaling R 2,610,845.53. This rate represents an increase of 282 basis points over the 3-month Jibar rate of 7.958%. The interest period for this note also aligns with the others, from April 13, 2023, to July 12, 2023.
The announcement highlights the importance of understanding the specific rates and payment schedules associated with each note. Investors and stakeholders are encouraged to review the announcement to gain a comprehensive understanding of the interest rate resets and payment obligations.
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