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Cabinet officials

Rand Water Announces Upcoming Interest Payments on Bonds

Strategic Insights

— 1 min read

As part of its financial obligations and adherence to the Water Services Act of 1997, Rand Water, a state-owned entity under the South African Department of Water and Sanitation, has announced upcoming interest payments on several of its bonds. The Government of the Republic of South Africa, represented by the Minister of Water and Sanitation, is the sole shareholder of Rand Water. The interest payments are scheduled for June 30, 2025, and will be made to bondholders with total interest amounting to R71,331,928.16.

Key Takeaways:

  • Rand Water, a state-owned entity under the South African Department of Water and Sanitation, has announced upcoming interest payments on several of its bonds.
  • The first bond, RWL26 with ISIN ZAG000177619, will have an interest payment amounting to R14,329,353.64, with a coupon rate of 9.808%.
  • The second bond, RWL28 with ISIN ZAG000177627, has a coupon rate of 9.705% and will have an interest payment of R28,018,999.73.
  • The third bond, RWL31 with ISIN ZAG000177635, will have an interest payment of R28,983,574.79, with a coupon rate of 10.685%.
  • The total interest payment for all three bonds is R71,331,928.16.
  • The market category for these bonds falls under the Debt and Specialist Securities Listings Requirements.
  • Rand Water's financial activities, including these bond interest payments, are crucial to its operations, ensuring the continuous and efficient supply of potable bulk water and sanitation services as mandated by South African legislation.

Statistics:

  • The total interest payment for all three bonds is R71,331,928.16.
  • The interest payment is scheduled for June 30, 2025, under the modified following business day convention.
  • The coupon rates for the bonds are 9.808%, 9.705%, and 10.685%, respectively.
  • The ISIN codes for the bonds are ZAG000177619, ZAG000177627, and ZAG000177635, respectively.

Sources:

  • Johannesburg Stock Exchange
  • Rand Water
  • Water Services Act of 1997
  • Department of Water and Sanitation of the Republic of South Africa

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