THE THEKWINI FUND 19 (RF) LIMITED - TKWI19 - Notice of the issue of refinancing notes and redemption of the Class A1 Notes

What this filing means

The Thekwini Fund 19 will issue a further tranche of refinancing notes on 23 November 2026 and use the proceeds, together with principal collections, to redeem ZAR1,406,000,000 of Class A1 secured floating rate notes on the same date — which is also those notes' scheduled maturity date. The redemption is split across four instruments, each taken to a zero principal amount outstanding. This is a scheduled refinancing of maturing asset-backed debt; the filing does not state the refinancing notes' amount, pricing or margin, so their effect on funding costs cannot be assessed.

The fund will issue new notes on 23 November 2026 and use their proceeds, together with principal collections, to redeem the maturing Class A1 notes and accrued interest. That date is also when those Class A1 notes were always due to be repaid, so this is a scheduled replacement of maturing debt rather than an early repayment. The notice does not say how much the new notes will raise or what they will cost, so whether the fund's borrowing is getting cheaper or dearer cannot be worked out from it.