THE THEKWINI WAREHOUSING CONDUIT (RF) LIMITED - TWC462 Fixed Rate Senior Note

TWC462 Fixed Rate Senior Note

The Thekwini Warehousing Conduit (RF) Limited

Stock Codes: TWC462
ISIN Code: ZAG000201815
Dated: 05 December 2023

New Financial Instrument Listing Announcement




Authorised Programme size                  ZAR 6 000 000 000
Total notes issued (incl. this issue)      ZAR 2 860 000 000

Full Note details are as follows:

Designation of Note:                       TWC462
Nominal Issued:                            ZAR 337 220 000
Issue Date                                 06 December 2023
Issue Price:                               8.897% (3m Jibar as at 04 December 2023 plus margin of 53bps)
Coupon Indicator:                          Fixed
Issue Price:                               100%
Maturity Date:                             06 March 2024
Interest Payment Date(s):                  06 March 2024
Books Close:                               01 March 2024
Business Day Convention:                   Following Business Day
Last day to register:                      By 17:00 on 29 February 2024
Interest Commencement Date:                06 December 2023
Settlement Date:                           06 December 2023
Rating:                                    P-1.za by Moody's Investors Services
Guarantee/ Credit Enhancement              The Issuer's obligations under the TWC462 Fixed Rate Note is
                                           secured by a limited recourse guarantee issued by The Thekwini
                                           Warehousing Conduit 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/investors


Placement Agent:                           The Standard Bank of South Africa Limited, acting
                                           through its Corporate and Investment Banking
                                           division

Sponsor:                                   The Standard Bank of South Africa Limited
Other Provisions:                          As set out in item 65 of the applicable pricing
                                           supplement further information with regards to the
                                           Home Loan Pool please refer to
                                           http://www.sahomeloans.com/investors




Notes will be deposited in the Central Depository ("CSD") and settlement will take place
electronically in terms of JSE Rules.

Further information on the Note issued please contact:
Demisha Pillay               The Standard Bank of South Africa Limited (Sponsor)
                             Tel: (+27 81 583 4873)
                             Email: demisha.pillay@standardbank.co.za

Date: 05-12-2023 10:00:00
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