Vineyard Road Investments (RF) Ltd - Vineyard Series Transaction 1

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Vineyard Road Investments (RF) Ltd Vineyard Series Transaction 1
  • Vineyard Road Investments (RF) Ltd - Vineyard Series Transaction 1
  • Year : Mar 2021
3 Tokens
USD 300.00
Summary

VST1 is a Series under the VRI serialised Programme. VRI is the Issuer under the Programme, which allows the issuance of various Series of Notes backed by segregated pools of assets. The Participating Assets of VST1, as defined in the Eligibility Criteria, consist of negotiable certificates of deposit (“NCDs”) with tenors of up to five years, and are limited to registered bank NCDs of the five largest banks in South Africa, namely FirstRand Bank Ltd (“FSR”), Absa Bank Ltd (“ABL”), Nedbank Ltd (“NED”), the Standard Bank of South Africa Ltd (“SBK”) and Investec Bank Ltd (“INL”).

Additional Information

The rating is derived from the short-term national scale issuer ratings of FSR, ABL, NED, SBK and INL. Should the short-term national scale issuer rating of any of the eligible banks whose NCDs are held under this Transaction be downgraded to below ‘A1+(ZA)’, GCR may take rating action on the Notes.

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