Wrap Text
New Instruments Listing
The Thekwini Fund 18 (RF) Limited
(“Thekwini 18”)
New Financial Instrument Listing Announcement
Dated: 25 November 2022
Stock Codes: TH18O2, T18A12, T18A22, T18A32, TH18B2, TH18C2, TH18D2
ISIN Codes: ZAG000191644, ZAG000191677, ZAG000191693, ZAG000191735,
ZAG000191727, ZAG000191701, ZAG000191685
The JSE Limited has granted Thekwini 18 the listing of its:
- “TH18O2” Floating Rate Notes due 21 November 2023;
- “T18A12, T18A22, TH18B2, TH18C2, TH18D2” Floating Rate Notes
all due 21 August 2057 (Step up and call date 21 August 2027,
except for T18A12 which has a Step up and call date of 21
August 2025); and
- “T18A32” Fixed Rate Notes due 21 August 2057 (Step up and call
date 21 August 2027)
and issued in terms of its ZAR5,000,000,000 Asset Backed Note
Programme dated on or about 22 September 2022.
Total notes outstanding (incl. this issue) ZAR 3,169,167,559
Full Note details are as follows:
Designation of Note: Class Omega Note
Nominal Issued: ZAR 164,000,000
Coupon Rate: 88 bps over 3 month JIBAR as at 28
November 2022
Coupon Step-Up Rate: N/A
Coupon Indicator: Floating
Final Redemption Date: 21 November 2023
First Interest Payment Date: 21 February 2023
Coupon Step-Up Date: N/A
Interest Payment Dates: 21 February 2023, 21 May 2023, 21
August 2023 and 21 November 2023
Books Close: 17 February 2023 to 21 February
2023, 17 May 2023 to 21 May 2023 and
17 August 2023 to 21 August 2023 and
17 November to 21 November,
Last day to register: By 17:00 on 16 February 2023, 16 May
2023, 16 August 2023 and 16 November
2023
Interest Commencement Date: Issue Date
Settlement Date: 28 November 2022
Rating: P-1.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class A1 Note
Nominal Issued: ZAR 334,000,000
Coupon Rate: 130 bps over 3 month JIBAR as at 28
November 2022
Coupon Step-Up Rate: 169 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 August 2057
First Interest Payment Date: 21 February 2023
Coupon Step-Up Date: 21 August 2025
Interest Payment Dates: 21 February, 21 May, 21 August and
21 November of each year
Books Close: 17 February to 21 February, 17 May
to 21 May, 17 August to 21 August
and 17 November to 21 November of
each calendar year
Last day to register: By 17:00 on 16 November, 16
February, 16 May, 16 August of each
year.
Interest Commencement Date: Issue Date
Settlement Date: 28 November 2022
Rating: Aaa.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class A2 Note
Nominal Issued: ZAR 485,000,000
Coupon Rate: 145 bps over 3 month JIBAR as at 28
November 2022
Coupon Step-Up Rate: 189 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 August 2057
First Interest Payment Date: 21 February 2023
Coupon Step-Up Date: 21 August 2027
Interest Payment Dates: 21 February, 21 May, 21 August and
21 November of each year
Books Close: 17 February to 21 February, 17 May
to 21 May, 17 August to 21 August
and 17 November to 21 November of
each calendar year
Last day to register: By 17:00 on 16 November, 16
February, 16 May, 16 August of each
year.
Interest Commencement Date: Issue Date
Settlement Date: 28 November 2022
Rating: Aaa.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class A3 Note
Nominal Issued: ZAR 500,000,000
Coupon Rate: 9.45% per annum
Coupon Step-Up Rate: 189 bps over 3 month JIBAR
Coupon Indicator: Fixed until Coupon Step-up Date then
Floating thereafter
Final Redemption Date: 21 August 2057
First Interest Payment Date: 21 February 2023
Coupon Step-Up Date: 21 August 2027
Interest Payment Dates: 21 February and 21 August of each
year until Coupon Step-up Date and
then 21 February, 21 May, 21 August
and 21 November of each year
thereafter
Books Close: 17 February and 17 August of each
year until Coupon Step-up Date and
then 17 February, 17 May, 17 August
and 17 November of each year
thereafter
Last day to register: By 17:00 on 16 February and 16
August of each year until Coupon
Step-up Date and then 16 February,
16 May, 16 August and 16 November of
each year thereafter
Interest Commencement Date: Issue Date
Settlement Date: 28 November 2022
Rating: Aaa.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class B Note
Nominal Issued: ZAR 89,000,000
Coupon Rate: 165 bps over 3 month JIBAR as at 28
November 2022
Coupon Step-Up Rate: 215 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 August 2057
First Interest Payment Date: 21 February 2023
Coupon Step-Up Date: 21 August 2027
Interest Payment Dates: 21 February, 21 May, 21 August and
21 November of each year
Books Close: 17 February to 21 February, 17 May
to 21 May, 17 August to 21 August
and 17 November to 21 November of
each calendar year
Last day to register: By 17:00 on 16 November, 16
February, 16 May, 16 August of each
year
Interest Commencement Date: Issue Date
Settlement Date: 28 November 2022
Rating: Aaa.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class C Note
Nominal Issued: ZAR 67,000,000
Coupon Rate: 220 bps over 3 month JIBAR as at 28
November 2022
Coupon Step-Up Rate: 220 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 August 2057
First Interest Payment Date: 21 February 2023
Coupon Step-Up Date: 21 August 2027
Interest Payment Dates: 21 February, 21 May, 21 August and
21 November of each year
Books Close: 17 February to 21 February, 17 May
to 21 May, 17 August to 21 August
and 17 November to 21 November of
each calendar year
Last day to register: By 17:00 on 16 November, 16
February, 16 May, 16 August of each
year.
Interest Commencement Date: Issue Date
Settlement Date: 28 November 2022
Rating: A1.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class D Note
Nominal Issued: ZAR 61,000,00
Coupon Rate: 320 bps over 3 month JIBAR as at 28
November 2022
Coupon Step-Up Rate: 320 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 August 2057
First Interest Payment Date: 21 February 2023
Coupon Step-Up Date: 21 August 2027
Interest Payment Dates: 21 February, 21 May, 21 August and
21 November of each year
Books Close: 17 February to 21 February, 17 May
to 21 May, 17 August to 21 August
and 17 November to 21 November of
each calendar year
Last day to register: By 17:00 on 16 November, 16
February, 16 May, 16 August of each
year
Interest Commencement Date: Issue Date
Settlement Date: 28 November 2022
Rating: N/A
Placement Agent: The Standard Bank of South Africa
Limited
Date: 25 November 2022
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: 25-11-2022 09:00:00
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