Council Bond Agreement
Under this Domestic Medium Term Note Programme (the “Programme”), the Ekurhuleni Metropolitan Municipality (the “Issuer” or “EMM”) may from time to time issue notes (the “Notes”) denominated in South African Rand subject to the terms and conditions (the “Terms and Conditions”) described in this Programme Memorandum. Any other terms and conditions not contained in the Terms and Conditions which are applicable to any Notes will be set forth in a pricing supplement (the “Applicable Pricing Supplement”) issued in relation to such Notes.
ZAR 4 000 000 000 Domestic Medium Term Note Programme.
Issue of ZAR 800 000 000 senior unsecured fixed rate notes due 4 May 2024 issued under the ZAR 4 000 000 000 Ekurhuleni Metropolitan Municipality domestic medium term note programme
The Accounting Officer has committed the Ekurhuleni Metropolitan Municipality (Institution) to a process of risk management that is aligned to the principles of good corporate governance, as supported by the Municipal Finance Management Act (MFMA), Act no 56 of 2003 and various other pieces of legislation applicable to local government.