SA Home Homes Loans (SAHL) is refinancing its Thekwini Fund 6 RMBS via a new ZAR800 million ($99.7 million) deal that will be backed by prime mortgage loans secured on residential properties in South Africa.
Moody's Investors Service will rate the deal and has assigned provisional ratings of 'Aa2', 'Baa2' and 'Ba3' to the three classes of notes to be issued under the transaction's capital structure.
SAHL is the servicer and administrator and The Standard Bank of South Africa is the back-up servicer and administrator.
