TransCapital Investments Limited, a special purpose company, is a 100% held subsidiary of Transaction Capital Limited (Transaction Capital) and the Issuer under the TransCapital Investments R2 billion note (Note) Programme (Programme) whose sole purpose is to raise funding by the issuance of Notes under the Programme for general corporate purposes or as may be otherwise described in the applicable pricing supplement(s) relating to such notes.
The Issuer’s obligations pursuant to the Programme and the due and punctual payment of all amounts owing by the Issuer in respect of the Notes will be irrevocably and unconditionally guaranteed by Transaction Capital. Transaction Capital, a public company listed on the JSE, is a non-deposit taking financial services group operating in the under-served asset-backed lending and specialist risk services segments of the South African financial services sector. In addition to the Issuer, Transaction Capital has two further subsidiaries, namely, SA Taxi and Transaction Capital Risk Services.
|Programme Memorandum 2016||21 November 2016|
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