Urban Ubomi 1 (RF) Ltd

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Urban Ubomi 1 (RF) Ltd
  • Urban Ubomi 1 (RF) Ltd
  • Year : Apr 2021
3 Tokens
USD 300.00
Summary

The credit ratings accorded to the Class A Notes relate to timely payment of interest and ultimate payment of principal by Final Maturity Date. The ratings accorded to the Class B and Class C Notes relate to ultimate payment of both interest and principal by Final Maturity Date. The ratings exclude an assessment of the ability of the Issuer to pay either any (early repayment) penalties or any default interest rate penalties, which, in any case, do not apply to the Transaction.

Additional Information

Urban Ubomi 1 (RF) issued a total of R609m of Notes under its newly established R2.5bn Mortgage Loan Backed Securitisation Programme. In this transaction (the “Transaction”), proceeds of the Notes issuance, together with the proceeds of the Subordinated Loan, were used by the Issuer to acquire a pool of Loan Agreements, together with their Related Security.

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