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Thekwini Fund 19 (RF) Limited Interest Rate Reset

Strategic Insights

— 2 min read

The Johannesburg Stock Exchange (JSE) announced that Thekwini Fund 19 (RF) Limited, a public company with limited liability, will undergo an interest rate reset for its various bond issues. The interest rates will be adjusted for the period from August 21, 2025, to November 21, 2025, for a total of nine bond issues. The interest rates were set at different levels, ranging from 7.017% to 10.267%, depending on the bond class. The reset is in accordance with the terms and conditions of the bonds.

Key Takeaways:

  • The interest rate reset affects nine bond issues of Thekwini Fund 19 (RF) Limited, with adjustments in rates ranging from 7.017% to 10.267%.
  • The interest rate for the Class OM4 Floating Rate Notes was set at 7.747% for the interest period.
  • The interest rate for the Class A11 Floating Rate Notes was set at 8.287% for the interest period.
  • The interest rate for the Class A21 Floating Rate Notes was set at 8.467% for the interest period.
  • The interest rate for the Class B1 Floating Rate Notes was set at 8.767% for the interest period.
  • The interest rate for the Class D1 Floating Rate Notes was set at 10.267% for the interest period.
  • The Class A14 Floating Rate Notes had an interest rate set at 8.167% for the interest period.
  • The Class C1 Floating Rate Notes had an interest rate set at 9.017% for the interest period.
  • The Class C2 Floating Rate Notes had an interest rate set at 9.017% for the interest period.
  • The Class D3 Floating Rate Notes had an interest rate set at 10.017% for the interest period.
  • The Class C4 Floating Rate Notes had an interest rate set at 8.917% for the interest period.
  • The Class B2 Floating Rate Notes had an interest rate set at 8.707% for the interest period.
  • The Class B4 Floating Rate Notes had an interest rate set at 8.497% for the interest period.
  • The Class A24 Floating Rate Notes had an interest rate set at 8.287% for the interest period.
  • The Class A23 Floating Rate Notes had an interest rate set at 8.377% for the interest period.
  • The Class D4 Floating Rate Notes had an interest rate set at 9.867% for the interest period.
  • The Class A12 Floating Rate Notes had an interest rate set at 8.217% for the interest period.
  • The Class A22 Floating Rate Notes had an interest rate set at 8.407% for the interest period.
  • The Class A13 Floating Rate Notes had an interest rate set at 8.217% for the interest period.
  • The Class B3 Floating Rate Notes had an interest rate set at 8.617% for the interest period.
  • The Class C3 Floating Rate Notes had an interest rate set at 8.987% for the interest period.
  • The Class B1 Floating Rate Notes had an interest rate set at 8.767% for the interest period.
  • The Class D2 Floating Rate Notes had an interest rate set at 10.217% for the interest period.

Statistics:

  • Nine bond issues of Thekwini Fund 19 (RF) Limited underwent an interest rate reset.
  • The interest rates ranged from 7.017% to 10.267%.
  • The Class OM4 Floating Rate Notes had the lowest interest rate at 7.747%.
  • The Class D1 Floating Rate Notes had the highest interest rate at 10.267%.
  • The Class C1 Floating Rate Notes had an interest rate of 9.017% for the interest period.
  • The Class A11 Floating Rate Notes had an interest rate of 8.287% for the interest period.
  • The Class A21 Floating Rate Notes had an interest rate of 8.467% for the interest period.
  • The Class D4 Floating Rate Notes had an interest rate of 9.867% for the interest period.

Sources:

  • Johannesburg Stock Exchange (JSE)
  • Thekwini Fund 19 (RF) Limited
  • The Standard Bank of South Africa Limited
  • South African Reserve Bank (SARB) ( for JIBAR rate information)

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