SA Home Loans issues R495 million in unlisted bonds through Strate infrastructure
Strate congratulates SA Home Loans on its successful issue of four bonds totalling R495 million under a R10 billion approved funding programme.
SA Home Loans, a pioneer in home financing in South Africa, uses Strate’s central securities depository services for secure issuance, settlement and ongoing management of its unlisted bonds. The funding raised supports SA Home Loans’ mortgage business, including its partnership with Capitec to provide branded home loan products to South Africans.
Strate’s infrastructure provides the same capabilities that the market relies on for listed securities, without requiring listing.
Benefits for issuers
By bringing unlisted bonds into a regulated, standardised environment, Strate helps issuers:
- Simplify the operational processes involved in accessing debt funding
- Strengthen reporting and transparency
- Build confidence with funding partners
- Access centralised settlement and consistent reporting
- Maintain the flexibility of unlisted instruments
“Strate’s Converge platform transforms the way we manage the issuance of unlisted bonds. By leveraging established market infrastructure, we eliminate operational complexity and gain the benefits of standardised & autonomous trade reporting, centralised settlement, and enhanced confidence – all without the requirements of a listed instrument,” says Abdul Khaliq Ismail of SA Home Loans.
“By bringing unlisted bonds into a regulated, standardised environment, Strate helps issuers streamline the operational processes involved in accessing debt funding, strengthen reporting and build confidence with funding partners,” says Gregory Naicker, Head of CSD Services.
Strate thanks SA Home Loans and Capitec for their collaboration and trust in the Strate ecosystem, and looks forward to supporting more companies seeking to access debt funding through trusted market infrastructure.
