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New Instruments Listing - TH14A9, T14A10, T14A11, T14A12, TH14B3, TH14C3, TH14D3
The Thekwini Fund 14 (RF) Limited
(“Thekwini 14”)
New Financial Instrument Listing Announcement
Dated: 19 May 2017
Stock Codes: TH14A9, T14A10, T14A11, T14A12, TH14B3, TH14C3, TH14D3
ISIN Codes: ZAG000143819, ZAG000143827, ZAG000143835, ZAG000143843,
ZAG000143850, ZAG000143868, ZAG000143876
The JSE Limited has granted Thekwini 14 the listing of its:
- “TH14A9” Floating Rate Notes due 21 May 2018; and
- “T14A10, T14A11, TH14B3, TH14C3, TH14D3” Floating Rate Notes;
and “T14A12” Fixed Rate Notes all due 21 November 2051 (Step
up and call date 21 November 2021, except for T14A10 which has
a Step up and call date of 21 November 2019)
and issued in terms of its ZAR4,000,000,000 Asset Backed Note
Programme dated on or about 14 November 2016.
Total notes outstanding (incl. this issue) ZAR 3,725,000,000
Full Note details are as follows:
Designation of Note: Class A9 Note
Nominal Issued: ZAR 100,000,000
Coupon Rate: 8.212% (being 0.87% bps over 3 month
JIBAR of 7.342%)
Coupon Step-Up Rate: N/A
Coupon Indicator: Floating
Final Redemption Date: 21 May 2018
First Interest Payment Date: 21 August 2017
Coupon Step-Up Date: N/A
Interest Payment Dates: 21st February, 21st May, 21st August
and 21st November of each year
Books Close: 17th February, 17th May, 17th August
and 17th November of each year
Last day to register: By 17:00 on 16th February, 16th May,
16th August and 16th November of each
year
Interest Commencement Date: 22 May 2017
Settlement Date: 22 May 2017
Rating: Aaa.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class A10 Note
Nominal Issued: ZAR 400,000,000
Coupon Rate: 8.892% (being 1.55% bps over 3 month
JIBAR of 7.342%)
Coupon Step-Up Rate: 208 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 November 2051
First Interest Payment Date: 21 August 2017
Coupon Step-Up Date: 21 November 2019
Interest Payment Dates: 21st February, 21st May, 21st August
and 21st November of each year
Books Close: 17th February, 17th May, 17th August
and 17th November of each year
Last day to register: By 17:00 on 16th February, 16th May,
16th August and 16th November of each
year
Interest Commencement Date: 22 May 2017
Settlement Date: 22 May 2017
Rating: Aaa.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class A11 Note
Nominal Issued: ZAR 306,000,000
Coupon Rate: 9.092% (being 1.75% bps over 3 month
JIBAR of 7.342%)
Coupon Step-Up Rate: 246 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 November 2051
First Interest Payment Date: 21 August 2017
Coupon Step-Up Date: 21 November 2021
Interest Payment Dates: 21st February, 21st May, 21st August
and 21st November of each year
Books Close: 17th February, 17th May, 17th August
and 17th November of each year
Last day to register: By 17:00 on 16th February, 16th May,
16th August and 16th November of each
year
Interest Commencement Date: 22 May 2017
Settlement Date: 22 May 2017
Rating: Aaa.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class A12 Note
Nominal Issued: ZAR 108,000,000
Coupon Rate: 9.150% per annum
Coupon Step-Up Rate: 246 bps over 3 month JIBAR
Coupon Indicator: Fixed until Coupon Step-Up Date then
Floating thereafter
Final Redemption Date: 21 November 2051
First Interest Payment Date: 21 November 2017
Coupon Step-Up Date: 21 November 2021
Interest Payment Dates: 21st May and 21st November of each
year until Coupon Step-up Date then
21st February, 21st May, 21st August
and 21st November of each year
thereafter
Books Close: 17th May and 17th November of each
year until Coupon Step-up Date then
17th February, 17th May, 17th August
and 17th November of each year
thereafter
Last day to register: By 17:00 on 16th May and 16th November
of each year until Coupon Step-up
Date then 16th February, 16th May, 16th
August and 16th November of each year
thereafter
Interest Commencement Date: 22 May 2017
Settlement Date: 22 May 2017
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 35,000,000
Coupon Rate: 9.422% (being 2.08% bps over 3 month
JIBAR of 7.342%)
Coupon Step-Up Rate: 325 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 November 2051
First Interest Payment Date: 21 August 2017
Coupon Step-Up Date: 21 November 2021
Interest Payment Dates: 21st February, 21st May, 21st August
and 21st November of each year
Books Close: 17th February, 17th May, 17th August
and 17th November of each year
Last day to register: By 17:00 on 16th February, 16th May,
16th August and 16th November of each
year
Interest Commencement Date: 22 May 2017
Settlement Date: 22 May 2017
Rating: Aa2.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 27,000,000
Coupon Rate: 10.022% (being 2.68% bps over 3
month JIBAR of 7.342%)
Coupon Step-Up Rate: 268 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 November 2051
First Interest Payment Date: 21 August 2017
Coupon Step-Up Date: 21 November 2021
Interest Payment Dates: 21st February, 21st May, 21st August
and 21st November of each year
Books Close: 17th February, 17th May, 17th August
and 17th November of each year
Last day to register: By 17:00 on 16th February, 16th May,
16th August and 16th November of each
year
Interest Commencement Date: 22 May 2017
Settlement Date: 22 May 2017
Rating: A3.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 24,000,000
Coupon Rate: 12.842% (being 5.50% bps over 3
month JIBAR of 7.342%)
Coupon Step-Up Rate: 550 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 November 2051
First Interest Payment Date: 21 August 2017
Coupon Step-Up Date: 21 November 2021
Interest Payment Dates: 21st February, 21st May, 21st August
and 21st November of each year
Books Close: 17th February, 17th May, 17th August
and 17th November of each year
Last day to register: By 17:00 on 16th February, 16th May,
16th August and 16th November of each
year
Interest Commencement Date: 22 May 2017
Settlement Date: 22 May 2017
Rating: Unrated
Placement Agent: The Standard Bank of South Africa
Limited
Date: 19 May 2017
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:
Mike Brunke Standard Bank (Sponsor) (011) 721 8101
Email: mike.brunke@standardbank.co.za
Date: 19/05/2017 11:55:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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