Wrap Text
New Financial Instruments Listing Announcement
The Thekwini Fund 20 (RF) Limited
("Thekwini 20")
Issuer Code: TKWI20
New Financial Instruments Listing Announcement
Stock Codes: TH20O2, T20A12, T20A22, TH20B2, TH20C2, TH20D2
ISIN Codes: ZAG000219726, ZAG000219684, ZAG000219692, ZAG000219700,
ZAG0000219718, ZAG000219734
The JSE Limited has granted Thekwini 20 the listing of its:
- "TH20O2" Floating Rate Notes due 21 November 2026; and
- "T20A12, T20A22, TH20B2, TH20C2, TH20D2" Floating Rate Notes
all due 21 May 2062 (Step up and call date 21 May 2030, except
for T20A12 which has a Step up and call date of 21 May 2028)
issued in terms of its ZAR5,000,000,000 Asset Backed Note Programme
dated on or about 19 June 2025.
Total notes issued (incl. this issue): ZAR 3,279,257, 948
Total notes issued (excl. this issue): ZAR 1,779,257, 948
Full Note details are as follows:
Bond Code: TH20O2
Designation of Note: Secured Class Omega Note
Nominal Issued: ZAR 155,000,000
Coupon Rate: 7.555 % (being 58 bps over 3 month
JIBAR of 6.975 %)
Issue Price: 100%
Coupon Step-Up Rate: N/A
Coupon Indicator: Floating
Final Redemption Date: 21 November 2026
First Interest Payment Date: 21 November 2025
Coupon Step-Up Date: N/A
Interest Payment Dates: 21 November 2025, 21 February 2026,
21 May 2026 , 21 August 2026 and 21
November 2026
Books Close: 16 November 2025, 16 February 2026,
16 May 2026, 16 August 2026 and 16
November 2026
Last day to register: By 17:00 on 15 November 2025, 15
February 2026, 15 May 2026, 15
August 2026 and 15 November 2026
Interest Commencement Date: 30 October 2025
Settlement Date: 30 October 2025
Date Convention Following
ISIN No. ZAG000219726
Rating: P-1.za (sf) by Moody's Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Bond Code: T20A12
Designation of Note: Secured Class A1 Note
Nominal Issued: ZAR 395,000,000
Coupon Rate: 8.075 % (being 110 bps over 3 month
JIBAR of 6.975%)
Coupon Step-Up Rate: 143 bps over 3 month JIBAR
Issue Price: 100%
Coupon Indicator: Floating
Final Redemption Date: 21 May 2062
First Interest Payment Date: 21 November 2025
Coupon Step-Up Date: 21 May 2028
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 16 February, 16 May, 16 August and 16
November of each year
Last day to register: By 17:00 on 15 February, 15 May, 15
August and 15 November of each year
Interest Commencement Date: 30 October 2025
Settlement Date: 30 October 2025
Date Convention Following
ISIN No. ZAG000219684
Rating: Aaa.za (sf) by Moody's Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Bond Code: T20A22
Designation of Note: Secured Class A2 Note
Nominal Issued: ZAR 739,000,000
Coupon Rate: 8.175 % (being 120 bps over 3 month
JIBAR of 6.975%)
Coupon Step-Up Rate: 156 bps over 3 month JIBAR
Issue Price: 100%
Coupon Indicator: Floating
Final Redemption Date: 21 May 2062
First Interest Payment Date: 21 November 2025
Coupon Step-Up Date: 21 May 2030
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 16 February, 16 May, 16 August and 16
November of each year
Last day to register: By 17:00 on 15 February, 15 May, 15
August and 15 November of each year
Interest Commencement Date: 30 October 2025
Settlement Date: 30 October 2025
Date Convention Following
ISIN No. ZAG000219692
Rating: Aaa.za (sf) by Moody's Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Bond Code: TH20B2
Designation of Note: Secured Class B Note
Nominal Issued: ZAR 74,000,000
Coupon Rate: 8.375 % (being 140 bps over 3 month
JIBAR of 6.975%)
Coupon Step-Up Rate: 182 bps over 3 month JIBAR
Issue Price: 100%
Coupon Indicator: Floating
Final Redemption Date: 21 May 2062
First Interest Payment Date: 21 November 2025
Coupon Step-Up Date: 21 May 2030
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 16 February, 16 May, 16 August and 16
November of each year
Last day to register: By 17:00 on 15 February, 15 May, 15
August and 15 November of each year
Interest Commencement Date: 30 October 2025
Settlement Date: 30 October 2025
Date Convention Following
ISIN No. ZAG000219700
Rating: Aaa.za (sf) by Moody's Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Bond Code: TH20C2
Designation of Note: Secured Class C Note
Nominal Issued: ZAR 74,000,000
Coupon Rate: 8.725 % (being 175 bps over 3 month
JIBAR of 6.975%)
Coupon Step-Up Rate: 175 bps over 3 month JIBAR
Issue Price: 100%
Coupon Indicator: Floating
Final Redemption Date: 21 May 2062
First Interest Payment Date: 21 November 2025
Coupon Step-Up Date: 21 May 2030
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 16 February, 16 May, 16 August and 16
November of each year
Last day to register: By 17:00 on 15 February, 15 May, 15
August and 15 November of each year
Interest Commencement Date: 30 October 2025
Settlement Date: 30 October 2025
Date Convention Following
ISIN No. ZAG000219718
Rating: A1.za (sf) by Moody's Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Bond Code: TH20D2
Designation of Note: Secured Class D Note
Nominal Issued: ZAR 63,000,000
Coupon Rate: 9.595 % (being 262 bps over 3 month
JIBAR of 6.975%)
Coupon Step-Up Rate: 262 bps over 3 month JIBAR
Issue Price: 100%
Coupon Indicator: Floating
Final Redemption Date: 21 May 2062
First Interest Payment Date: 21 November 2025
Coupon Step-Up Date: 21 May 2030
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 16 February, 16 May, 16 August and 16
November of each year
Last day to register: By 17:00 on 15 February, 15 May, 15
August and 15 November of each year
Interest Commencement Date: 30 October 2025
Settlement Date: 30 October 2025
Date Convention Following
ISIN No. ZAG000219734
Rating: N/A
Guarantee/Credit Enhancement The Issuer's obligations under the
notes issued is secured by a limited
recourse guarantee issued by The
Thekwini Fund 20 Security SPV (RF)
Pty Limited. For information
regarding credit enhancement,
please refer to the Programme
Memorandum which can be found at the
http://www.sahomeloans.com/investor
s
Placement Agent: The Standard Bank of South Africa
Limited
Date: 29 October 2025
Debt Sponsor: The Standard Bank of South Africa
Limited
Notes will be deposited in the Central Depository ("CSD") and
settlement will take place electronically in terms of JSE Rules.
For further information on the Notes issued please contact:
Chris Mparutsa Standard Bank (Sponsor) (011) 415 6122
Email: christian.mparutsa@standardbank.co.za
Date: 29-10-2025 08:30:00
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