- Urban Ubomi 1 (RF) Limited achieves strong financial performance and ratings.
- Total outstanding principal amount decreases, showcasing financial stability.
- Diverse note breakdown and high credit enhancement provide attractive investment options.
Urban Ubomi 1 (RF) Limited, a prominent financial institution specializing in urban development projects, has released its latest administration report, showcasing robust financial performance and impressive ratings. The report, based on information as of the Determination Date (DD) of April 30, 2023, highlights the company’s exceptional management and growth.
Under the administration of TUHF Limited, Urban Ubomi 1 (RF) Limited has demonstrated resilience and stability in its operations. The report reveals that the total outstanding principal amount at the current DD stands at ZAR 1,291,729,862, showcasing a notable decrease from the previous period. Moreover, following the current Interest Payment Date (IPD) of May 15, 2023, the outstanding principal amount is projected to further reduce to ZAR 1,263,984,820.
One of the key strengths of Urban Ubomi 1 (RF) Limited lies in its diverse note breakdown, including various classes such as Class A1, A4, A7, A2, A5, A8, A9, B, and C. Each class has a specific ISIN Code and JSE Listing Code, offering investors a range of investment options tailored to their preferences.
The company’s ratings on the issue date and IPD reflect its commitment to financial excellence. Urban Ubomi 1 (RF) Limited earned an impressive AAA(za)(sf) rating on both occasions, showcasing its adherence to high-quality standards and prudent financial management. This rating demonstrates the trust and confidence that investors can place in the company’s financial instruments.
Furthermore, the report provides details about the interest rates and margins for each note class. The interest rates for the last IPD ranged from 9.00% to 11.15%, with corresponding reference rates of 7.45%. The upcoming IPD is expected to witness a slight increase in interest rates, ranging from 9.63% to 11.78%, based on the reference rate of 8.08%. This development indicates the company’s proactive approach in adapting to market dynamics and maintaining attractive returns for investors.
Urban Ubomi 1 (RF) Limited’s remarkable performance extends beyond financial metrics. The report highlights the significant percentage of total credit enhancement (CE) as a proportion of assets, ensuring a solid cushion for investors. The CE as a percentage of assets following the current IPD stands at an impressive average of 28.56%, safeguarding against potential risks and providing additional security to investors.
The company’s commitment to transparency and effective administration is evident in the detailed breakdown of outstanding principal amounts, interest due, interest paid, and interest shortfalls. Urban Ubomi 1 (RF) Limited ensures that investors receive timely interest payments and that any shortfalls are addressed promptly.
With a final redemption date set for May 15, 2043, Urban Ubomi 1 (RF) Limited demonstrates its long-term vision and commitment to sustainable growth in urban development projects.