Amount: R2bn Rating: Fitch
Maturity: August 31, 2010
Issue price: 100.00
Average life: 8 years
Class A fixed rate bonds: R1bn
Rating: AAA (national rating)
Coupon: 13.65%
Spread at launch: 60bp over R153 2010 government bonds
Class A floating rate bonds: R282m
Rating: AAA (national rating)
Coupon: 90 day JIBAR plus 55bp
Class B notes: R150m (retained)
Class C notes: R200m (retained)
Class D notes: R128m (retained)
Class E notes: R110m (retained)
Class F notes: R90m (retained)
Class G notes: R40m (retained)
Launched: Friday June 7
Lead mgr: Rand Merchant Bank
Secured on: a portfolio of R153 South African government bonds and deposits at First Rand Bank, and a reference portfolio of auto loans originated by WesBank, a division of First Rand Bank.