Overview
RESIDENTS can invest in the city via municipal bonds the City has issued. Known as Jozibonds, the City's retail bonds are savings products that give private individuals, trusts, stokvels, close corporations, companies and other legal entities an opportunity to invest in municipal-issued securities at competitive and market related interest rates. They are backed by Johannesburg's credit and represent a low-risk investment. The retail bonds will be listed on the Johannesburg securities exchange, JSE Ltd, which will regulate the City's conduct as issuer of the bonds, and so will ensure that the investment is safe.
| Pricing |
| Tenure |
2 year Jozibond |
3 year Jozibond |
5 year Jozibond |
| Minimum investment amount |
R 1000 |
R 1000 |
R 1000 |
| Interest rate |
Three-month JIBAR + 5 basis points |
Three-month JIBAR + 25 basis points |
Three-month JIBAR, + 40 basis points |
| NACQ* |
10.25% |
10.45% |
10.60% |
| Interest Payment Dates |
September, December, March and June commencing December 2007 |
September, December, March and June commencing December 2007 |
September, December, March and June commencing December 2007 |
| Listing and Trading |
JSE Main Board |
JSE Main Board |
JSE Main Board |
| Market Maker |
Standard Bank |
Standard Bank |
Standard Bank |
NACQ (Nominal annual compounded quarterly)
*As at 21 September 2007
The City's bonds
Joburg has issued four municipal bonds since 2004. To find out more about these bonds click here |
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