Wrap Text
New Instruments Listing
The Thekwini Fund 16 (RF) Limited
(“Thekwini 16”)
New Financial Instrument Listing Announcement
Dated: 20 November 2020
Stock Codes: T16OM3, TH16A7, TH16A8, TH16A9, TH16B3, TH16C3, TH16D3
ISIN Codes: ZAG000172578, ZAG000172487, ZAG000172495, ZAG000172511,
ZAG000172537, ZAG000172552, ZAG000172560
The JSE Limited has granted Thekwini 16 the listing of its:
- “T16OM3” Floating Rate Notes due 21 November 2021;
- “TH16A7, TH16A8, TH16B3, TH16C3, TH16D3” Floating Rate Notes
all due 21 August 2054 (Step up and call date 21 August 2024,
except for TH16A7 which has a Step up and call date of 21
August 2022); and
- “TH16A9” Fixed 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 13 August 2019.
Total notes outstanding (incl. this issue) ZAR 800,000,000
Full Note details are as follows:
Designation of Note: Class Omega Note
Nominal Issued: ZAR 100,000,000
Coupon Rate: 4.08% (being 75 bps over 3 month
JIBAR of 3.33%)
Coupon Step-Up Rate: N/A
Coupon Indicator: Floating
Final Redemption Date: 21 November 2021
First Interest Payment Date: 21 February 2021
Coupon Step-Up Date: N/A
Interest Payment Dates: 21 February 2021, 21 May 2021, 21
August 2021 and 21 November 2021
Books Close: 17 February 2021, 17 May 2021, 17
August 2021 and 17 November 2021
Last day to register: By 17:00 on 16 February 2021, 16 May
2021, 16 August 2021 and 16 November
2021
Interest Commencement Date: 23 November 2020
Settlement Date: 23 November 2020
Rating: P-1.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class A7 Note
Nominal Issued: ZAR 159,000,000
Coupon Rate: 4.58% (being 125 bps over 3 month
JIBAR of 3.33%)
Coupon Step-Up Rate: 163 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 August 2054
First Interest Payment Date: 21 February 2021
Coupon Step-Up Date: 21 August 2022
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 17 February, 17 May, 17 August and 17
November of each year
Last day to register: By 17:00 on 16 February, 16 May, 16
August and 16 November of each year
Interest Commencement Date: 23 November 2020
Settlement Date: 23 November 2020
Rating: Aaa.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class A8 Note
Nominal Issued: ZAR 366,000,000
Coupon Rate: 4.8% (being 147 bps over 3 month
JIBAR of 3.33%)
Coupon Step-Up Rate: 191 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 August 2054
First Interest Payment Date: 21 February 2021
Coupon Step-Up Date: 21 August 2024
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 17 February, 17 May, 17 August and 17
November of each year
Last day to register: By 17:00 on 16 February, 16 May, 16
August and 16 November of each year
Interest Commencement Date: 23 November 2020
Settlement Date: 23 November 2020
Rating: Aaa.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class A9 Note
Nominal Issued: ZAR 109,000,000
Coupon Rate: 5.76% per annum
Coupon Step-Up Rate: 191 bps over 3 month JIBAR
Coupon Indicator: Fixed until Coupon Step-up Date then
Floating thereafter
Final Redemption Date: 21 August 2054
First Interest Payment Date: 21 February 2021
Coupon Step-Up Date: 21 August 2024
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: 23 November 2020
Settlement Date: 23 November 2020
Rating: Aaa.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class B3 Note
Nominal Issued: ZAR 26,000,000
Coupon Rate: 5.4% (being 207 bps over 3 month
JIBAR of 3.33%)
Coupon Step-Up Rate: 269 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 August 2054
First Interest Payment Date: 21 February 2021
Coupon Step-Up Date: 21 August 2024
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 17 February, 17 May, 17 August and 17
November of each year
Last day to register: By 17:00 on 16 February, 16 May, 16
August and 16 November of each year
Interest Commencement Date: 23 November 2020
Settlement Date: 23 November 2020
Rating: Aaa.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class C3 Note
Nominal Issued: ZAR 19,000,000
Coupon Rate: 5.68% (being 235 bps over 3 month
JIBAR of 3.33%)
Coupon Step-Up Rate: 235 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 August 2054
First Interest Payment Date: 21 February 2021
Coupon Step-Up Date: 21 August 2024
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 17 February, 17 May, 17 August and 17
November of each year
Last day to register: By 17:00 on 16 February, 16 May, 16
August and 16 November of each year
Interest Commencement Date: 23 November 2020
Settlement Date: 23 November 2020
Rating: A3.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class D3 Note
Nominal Issued: ZAR 21,000,000
Coupon Rate: 7.83% (being 450 bps over 3 month
JIBAR of 3.33%)
Coupon Step-Up Rate: 450 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 August 2054
First Interest Payment Date: 21 February 2021
Coupon Step-Up Date: 21 August 2024
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 17 February, 17 May, 17 August and 17
November of each year
Last day to register: By 17:00 on 16 February, 16 May, 16
August and 16 November of each year
Interest Commencement Date: 23 November 2020
Settlement Date: 23 November 2020
Rating: N/A
Placement Agent: The Standard Bank of South Africa
Limited
Date: 20 November 2020
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: 20-11-2020 09:42:00
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