LAND & AGRICULTURAL DEV BANK OF SA - New Financial Instrument Listing Announcement Tap Issue (LBK23)

New Financial Instrument Listing Announcement – Tap Issue (LBK23)

THE LAND AND AGRICULTURAL DEVELOPMENT BANK OF SOUTH AFRICA
Bond code: LBK23   ISIN: ZAG000146325
(“the Land Bank”)


New Financial Instrument Listing Announcement – Tap Issue (LBK23)


The JSE Limited has granted a listing of a new financial instrument
(Tap Issue of LBK23) under the Land Bank’s Domestic Medium Term Note
Programme on the Interest Rate Market.

Authorised programme size        R20,000,000,000.00
Total notes in issue             R9,410,000,000.00
(excluding these issues)
Total notes in issue             R9,490,000,000.00
(including these issues)

Full instrument details are as follows:

Bond Code                        LBK23
ISIN                             ZAG000146325
Nominal Issued                   R80,000,000.00
Issue Price                      101.86%
Coupon Rate Indicator            Floating
Coupon                           3 months ZAR JIBAR plus a
                                 margin of 225 bps
Trade Type                       Price
Issue / Settlement Date          16 November 2017
Maturity Date                    5 September 2022
Interest Commencement Date       4 September 2017
First Interest Payment Date      5 December 2017
Interest Payment Date(s)         5 March, 5 June, 5 September
                                 and 5 December in each year
                                 until the Maturity Date
Last Day to Register             By 17:00 on 22 February, 25
                                 May, 25 August, 24 November in
                                 each year until the Maturity
                                 Date (all dates inclusive)
Books Close Date(s)              From 23 February to 4 March,
                                 26 May to 4 June, 26 August to
                                 4 September and 25 November to
                                 4 December in each year until
                                 the Maturity Date (all dates
                                 inclusive)
Date Convention                  Following Business Day


Centurion
16 November 2017

Debt Sponsor
The Standard Bank of South Africa Limited

Date: 16/11/2017 08:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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