Real People Investment partially redeems Nordic senior bonds early

Chicago, June 8 – Real People Investment Holdings Ltd. will be partially redeeming two Nordic bonds under its cash sweep clause of the terms and conditions, according to a press release.

The company will redeem SEK 2,866,193.63 of bonds (ISIN: SE0005392560) on June 30.

The company will be partially prepaying all the outstanding bonds, reducing the registered nominal amount of each bond by an amount of SEK 22,109.

The notes will effectively be redeemed at 102.07813, an amount that does not include interest.

The record date is June 22.

The company will also redeem NOK 2,230,769.41 of notes (ISIN: NO0010689342) on June 30.

The NOK bonds will be redeemed through pro rata payments to bondholders by redeeming bonds with a total registered nominal amount of NOK 2,180,068.

The payment amount will not include interest; therefore, the repayment will appear to be made at a price of 102.32568.

The record date for the NOK bonds is June 25.

Based in East London, South Africa, Real People provides financial services focusing on unsecured credit, affordable housing, assurance, educational products and cellular products for customers in South Africa, Uganda, Tanzania and Kenya.

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