THE THEKWINI FUND 16 (RF) LIMITED - New Instrument Listing

New Instrument Listing

The Thekwini Fund 16 (RF) Limited
(“Thekwini 16”)
New Financial Instrument Listing Announcement

Dated: 19 August 2022
Stock Codes: T16A10
ISIN Codes: ZAG000188699

The JSE Limited has granted Thekwini 16 the listing of its “T16A10”
Floating Rate Notes due 21 August 2054 (Step up and call date 21
August 2024) and issued in terms of its ZAR4,000,000,000 Asset Backed
Note Programme dated on or about 14 August 2019.

Total notes outstanding (excl. this issue) ZAR2,320,000,000

Full Note details are as follows:

Designation of Note:            Class A10 Note
Nominal Issued:                 ZAR1,235,000,000
Coupon Rate:                    7.0% (being 125bps over 3 month
                                JIBAR of 5.75%)
Coupon Step-Up Rate:            163bps over 3 month JIBAR
Coupon Indicator:               Floating
Final Redemption Date:          21 August 2054
First Interest Payment Date:    21 November 2022
Coupon Step-Up Date:            21 August 2024
Interest Payment Dates:         21st February, 21st May, 21st August
                                and 21st November of each year
Books Close:                    17th February, 17th May, 17th August
                                and 17th November of each year
Last day to register:           By 17:00 on 16th February, 16th May,
                                16th August and 16th November of each
                                year
Interest Commencement Date:     22 August 2022
Settlement Date:                22 August 2022
Rating:                         Aaa.za (sf) by Moody’s Investors
                                Service
Placement Agent:                The Standard Bank of South Africa
                                Limited


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:
Nicholas Gunning Standard Bank (Sponsor) (011) 721 7112
Email: Nicholas.gunning@standardbank.co.za

Date: 19-08-2022 09:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.