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SUPERDRIVE INVESTMENTS (RF) LIMITED - New Instruments Listing

Release Date: 19/08/2022 09:00
Code(s): SPDA16 SPDA17     PDF:  
Wrap Text
New Instruments Listing

SuperDrive Investments (RF) Limited
Incorporated in the Republic of South Africa
(Registration number 2011/000895/06)
(“SuperDrive”)

General Issuer Code: BISPDR
 Stock Code: SPDA16                 ISIN Code: ZAG000188764
 Stock Code: SPDA17                 ISIN Code: ZAG000188772

New Financial Instrument Listing Announcement

The JSE Limited (“JSE”) has, with effect from 22 August 2022, granted
SuperDrive the listing of its Secured Floating Rate Notes, SPDA16
and SPDA17, due (Legal Maturity) 21 August 2031, issued in terms of
its ZAR10,000,000,000 Asset Backed Domestic Medium Term Note
Programme (“Programme”).

Total Notes in issue under        the   Programme   (including   this
issuance):  ZAR3 618 000 000

Stock Code:                     SPDA16
ISIN:                           ZAG000188764
Nominal Issued:                 ZAR418 000 000
Issue Date:                     22 August 2022
Issue Price:                    100%
Coupon Rate:                    3 month JIBAR plus 120 bps
Coupon Step-Up Rate:            40 bps to be added to the 3 month
                                JIBAR plus 120 bps
Coupon Rate Indicator:          Floating
Trade Type:                     Price
Final Maturity Date:            21 August 2031
Coupon Step-Up Date:            21 August 2025
Interest Payment Dates:         21 February, 21 May, 21 August and
                                21 November of each year
Books Close:                    16 to 21 February, 16 to 21 May,
                                16 to 21 August and 16 to 21 November
                                of each year
Last day to register:           By 17:00 on 15 February, 15 May,
                                15 August and 15 November of each
                                year
Date Convention:                Following
Interest Commencement Date:     22 August 2022
First Interest Payment Date:    21 November 2022
Settlement Date:                22 August 2022
Rating:                         Aaa.za(sf)/Baa1(sf)
Rating Agency:                  Moody’s Investor Services
Additional information:         Secured Class A Notes
Level of Collateralisation:     Minimum Credit Enhancement at the
                                Issue Date is 20.0%
Placement Agent:                The Standard Bank of South Africa
                                Limited

Stock Code:                     SPDA17
ISIN:                           ZAG000188772
Nominal Issued:                 ZAR601 000 000
Issue Date:                     22 August 2022
Issue Price:                    100%
Coupon Rate:                    3 month JIBAR plus 134 bps
Coupon Step-Up Rate:            40 bps to be added to the 3 month
                                JIBAR plus 134 bps
Coupon Rate Indicator:          Floating
Trade Type:                     Price
Final Maturity Date:            21 August 2031
Coupon Step-Up Date:            21 August 2027
Interest Payment Dates:         21 February, 21 May, 21 August and
                                21 November of each year
Books Close:                    16 to 21 February, 16 to 21 May,
                                16 to 21 August and 16 to 21 November
                                of each year
Last day to register:           By 17:00 on 15 February, 15 May,
                                15 August and 15 November of each
                                year
Date Convention:                Following
Interest Commencement Date:     22 August 2022
First Interest Payment Date:    21 November 2022
Settlement Date:                22 August 2022
Rating:                         Aaa.za(sf)/Baa1(sf)
Rating Agency:                  Moody’s Investors Service
Additional information:         Secured Class A Notes
Level of Collateralisation:     Minimum Credit Enhancement at the
                                Issue Date is 20.0%
Placement Agent:                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.

There are no additional terms and conditions or changes to the terms
and conditions to the Programme which are contained in the APS.

For further information on the Notes issued please contact:
Chris Mparutsa Standard Bank (Transactional Debt Sponsor)
Mobile: +27(0)71 876 6481
Email: christian.mparutsa@standardbank.co.za

Johannesburg
19 August 2022

Transactional Debt Sponsor
The Standard Bank of South Africa Limited, acting through its
Corporate and Investment Banking division

Debt Sponsor
Merchantec Capital

Date: 19-08-2022 09:00:00
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