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Submit a long-term borrowing proposal for the City’s Medium Term Revenue and Expenditure Framework (MTREF) capital programme

<span> <h2 class="sectHeading">About</h2></span> <p> Your long-term borrowing proposal should be in line with the following terms and conditions:<br></p> <span> <div class="mobile-scroll"><table style="width:545px;"><thead><tr><th style="width:197px;">Amount of debt<br></th><td>Up to R3, 5 billion for financial year 2023/24, and up to R4, 5 billion for financial year 2024/25 both rand-denominated.<br></td></tr></thead><tbody><tr><th style="width:197px;">Term of debt<br></th><td>Between 10 and 20 years, with or without a 5-year grace period (separate submissions to be made, where applicable)<br></td></tr><tr><th style="width:197px;">Interest rate<br></th><td>Fixed for the tenure of the loan; JIBAR plus a margin (or other applicable benchmark) - an indicative rate as at Friday, 1 December 2023 should be used<br></td></tr><tr><th style="width:197px;">Loan method<br></th><td>Straight line capital repayment method</td></tr><tr><th style="width:197px;">Payment of interest and redemption<br></th><td rowspan="1">Semi-annually<br></td></tr><tr><th style="width:197px;">Debt security<br></th><td rowspan="1">Unsecured<br></td></tr><tr><th style="width:197px;">Anticipated date of debt issue<br></th><td rowspan="1">Between April and June 2024 (2023/24 FY), and December 2024 and June 2025 (2024/25 FY)<br></td></tr></tbody></table></div></span> <p><a href="https://resource.capetown.gov.za/documentcentre/Documents/Financial%20documents/Budget_2023-24_Ann27_DetailedcapitalbudgetMBRRTableSA36.pdf" target="_blank">View the full details of the City’s 2023/24 capital programme</a>. </p><p>All costs (e.g. appraisal fees and other costs applicable) relating to the funding proposal are to be set out clearly in your submission.</p> <span> <div class="notification with-heading dark-copy pink bg-light-grey"><div class="graphic with-border"> <i class="info note"></i> </div><div class="desc"><h4>Please note</h4><p> The City reserves the right to consider any other unsolicited offers if these are beneficial to the City.</p></div></div></span><span> <h2 class="sectHeading">Information session</h2></span> <p>Join us at an information session to find out more and submit comments.</p> <span> <div class="mobile-scroll"><br> <table style="width:500px;"><thead><tr><th style="width:217px;">Date</th><th style="width:117px;">Time</th><th>Venue</th></tr></thead><tbody><tr><td style="width:217px;">Tuesday, 21 November 2023</td><td style="width:117px;">14:00 – 16:00</td><td>Committee Room A, 5th Floor, Podium Block, Cape Town Civic Centre, 12 Hertzog Boulevard, Cape Town 8000</td></tr></tbody></table></div></span> <p> <strong>Please <a href="mailto:Hilton.Robbins@capetown.gov.za;%20Janine.Alexander@capetown.gov.za?subject=RSVP%20for%20MTREF%20Information%20Session">send us an email</a> to confirm your attendance.</strong> </p> <span> <h2 class="sectHeading">Comment period</h2></span> <p> Submit your proposals from <strong>10 October – 8 December 2023</strong>. </p> <span> <h2 class="sectHeading">Submit your comment<br></h2></span> <p>Submit your proposals via the following channels: </p><p> <strong>Online</strong><br><a href="https://www.capetown.gov.za/_layouts/15/WebFeedback.SharePoint/webfeedback.aspx?id=af2896d0-7ab5-47bd-b03a-4cf88ae21e8e" target="_blank">Submit your proposal online</a>. </p><p> <strong>Delivery</strong><br>Deliver your proposal by hand to the following address during office hours (Thursdays, 08:00 – 15:00). </p><p> <em> <strong>Director: Treasury</strong> </em><br><em>7th Floor Tower Block </em><br><em>Cape Town Civic Centre </em><br><em>12 Hertzog Boulevard </em><br><em>Cape Town </em><br><em>8000</em></p><h2 class="sectHeading">Contact us</h2><p>For more information and general enquires, contact:</p><h4>Janine Alexander </h4><p> <em>Telephone:<br><a>021 400 5989</a><br><br> Email:<br><a href="mailto:janine.alexander@capetown.gov.za">janine.alexander@capetown.gov.za</a> </em></p><h4>Hilton Robbins</h4><p> <em>Telephone:<br><a>021 400 5211</a><br><br>Email: <br> <a href="mailto:hilton.robbins@capetown.gov.za">hilton.robbins@capetown.gov.za</a></em></p>

10 October – 8 December 2023