South African Securitisation Programme (RF) Limited - Series 3

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South African Securitisation Programme (RF) Limited Series 3
  • South African Securitisation Programme (RF) Limited - Series 3
  • Year : Jun 2019
2 Tokens
USD 150.00
Summary

The South African Securitisation Programme (RF) Limited – Series 3 (“SASP 3”) is a revolving series and the third of three series of the R5bn multi-seller segregated asset-backed note programme of rental and equipment lease assets originated by Sasfin Bank Limited (“Sasfin”). The underlying assets whose leases are securitised under both SASP 1 and SASP 3 primarily comprise of office equipment, while the underlying assets in SASP 2 are capital intensive equipment.

Additional Information

The final, public credit ratings accorded to the Class A Notes relate to timely payment of interest and ultimate payment of principal by their Final Redemption Date, while the ratings accorded to the Class B and Class C Notes relate to ultimate payment of interest and principal by the Final Redemption Date of the respective tranches of Notes. The ratings exclude an assessment of the ability by the Issuer to pay either any (early repayment) penalties or any default interest rate penalties.

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