City of Ekurhuleni

Public Notices

Long-term debt that the EMM intends to incur

EKURHULENI METROPOLITAN MUNICIPALITY
INFORMATION STATEMENT
In accordance with section 46(3)(a)(i) and (ii) of the Local Government: Municipal Finance Management Act (No.56 of 2003), read in conjunction with section 21A of the Municipal Systems Act (No. 32 of 2000), the Ekurhuleni Metropolitan Municipality hereby makes public an information statement setting out particulars of proposed long-term debt that the Ekurhuleni Metropolitan Municipality intends to incur under its Domestic Medium Term Note. The salient features of the debt are as follows:

Amount of proposed debt    Up to ZAR 1,300,000,000

Purpose of proposed debt    Capital expenditure on property, plant or equipment to be used for the purpose of achieving the objects of the Ekurhuleni Metropolitan Municipality

Maturity of proposed debt    Up to 15 years

Proposed repayment of debt    Coupon (fixed / floating interest rate) will be payable semi-annually in arrears and capital will be payable on maturity date. The interest rate applicable will be determined on the book-build date

Anticipated total cost    The anticipated total cost in connection with the proposed debt over the repayment period can only be determined on the book-build date

Security to be provided    None


INVITATION FOR PUBLIC COMMENTS
Ekurhuleni Metropolitan Municipality invites written comments or representations from the public, National Treasury and the Gauteng Provincial Treasury in respect of the proposed debt. Comments should be directed to:    Thato Matsafu
Divisional Head Treasury
Ekurhuleni Metropolitan Municipality
P.O. Box 66, Benoni, 1500.
Or faxed to 086 515 0318 or emailed to

The closing date for receipt of comments or representations is the 7th April 2017
 Any person who cannot write may come during office hours to the 4th Floor, Office 407, 68 Woburn Avenue, Benoni, where assistance in transcribing that person’s comments or representation will be given. Any enquiries relating to the above should be directed to Thato Matsafu on Tel No: (011) 999 6010

Dr Imogen Mashazi, City Manager, Ekurhuleni Metropolitan Municipality, 2nd Floor, Head Office Building, Corner Cross and Roses Streets, Private Bag X1069, Germiston, 1400
Notice 11-2017
17 March 2017