Wrap Text
New Instruments Listing
Urban Ubomi 1 (RF) Limited
(“Urban Ubomi 1”)
New Financial Instrument Listing Announcement
Dated: 13 December 2022
Stock Codes: UU1A07, UU1A08, UU1A09, UU1C03
ISIN Codes: ZAG000191875, ZAG000192006, ZAG000192014, ZAG000191909
The JSE Limited has granted Urban Ubomi 1 the listing of its “UU1A07,
UU1A08, UU1C03” Floating Rate Notes and its “UU1A09” Fixed Rate
Note, all due 15 May 2043 (Step up and call date 15 May 2026, except
for UU1A07 which has a Step up and call date of 15 May 2024), and
issued in terms of its ZAR2,500,000,000 Asset Backed Note Programme
dated on or about 12 March 2021.
Total notes outstanding (incl. this issue) ZAR1,329,856,434
Full Note details are as follows:
Designation of Note: Class A7 Note
Nominal Issued: ZAR150,000,000
Coupon Rate: 150bps over 3 month JIBAR
Coupon Step-Up Rate: 195bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 15 May 2043
First Interest Payment Date: 15 February 2023
Coupon Step-Up Date: 15 May 2024
Interest Payment Dates: 15 February, 15 May, 15 August and 15
November of each year
Books Close: 10 February, 10 May, 10 August and 10
November of each year
Last day to register: By 17:00 on 9 February, 9 May, 9
August and 9 November of each year
Interest Commencement Date: 14 December 2022
Settlement Date: 14 December 2022
Rating: AAA(za)(sf) by GCR
Placement Agent: The Standard Bank of South Africa
Designation of Note: Class A8 Note
Nominal Issued: ZAR135,000,000
Coupon Rate: 250bps over 3 month JIBAR
Coupon Step-Up Rate: 325bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 15 May 2043
First Interest Payment Date: 15 February 2023
Coupon Step-Up Date: 15 May 2026
Interest Payment Dates: 15 February, 15 May, 15 August and 15
November of each year
Books Close: 10 February, 10 May, 10 August and 10
November of each year
Last day to register: By 17:00 on 9 February, 9 May, 9
August and 9 November of each year
Interest Commencement Date: 14 December 2022
Settlement Date: 14 December 2022
Rating: AA+(za)(sf) by GCR
Placement Agent: The Standard Bank of South Africa
Designation of Note: Class A9 Note
Nominal Issued: ZAR60,000,000
Coupon Rate: 10.235% p.a.
Coupon Step-Up Rate: 325bps over 3 month JIBAR
Coupon Indicator: Fixed until Coupon Step-Up Date then
Floating thereafter
Final Redemption Date: 15 May 2043
First Interest Payment Date: 15 May 2023
Coupon Step-Up Date: 15 May 2026
Interest Payment Dates: 15 May and 15 November of each year
up until the Coupon Step-Up Date and
then 15 February, 15 May, 15 August
and 15 November of each year
thereafter
Books Close: 10 May and 10 November of each year
up until the Coupon Step-Up Date and
then 10 February, 10 May, 10 August
and 10 November of each year
thereafter
Last day to register: By 17:00 on 9 May and 9 November of
each year up until the Coupon Step-
Up Date and then 9 February, 9 May,
9 August and 9 November of each year
thereafter
Interest Commencement Date: 14 December 2022
Settlement Date: 14 December 2022
Rating: AA+(za)(sf) by GCR
Placement Agent: The Standard Bank of South Africa
Designation of Note: Class C Note
Nominal Issued: ZAR18,000,000
Coupon Rate: 370bps over 3 month JIBAR
Coupon Step-Up Rate: 481bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 15 May 2043
First Interest Payment Date: 15 February 2023
Coupon Step-Up Date: 15 May 2026
Interest Payment Dates: 15 February, 15 May, 15 August and 15
November of each year
Books Close: 10 February, 10 May, 10 August and 10
November of each year
Last day to register: By 17:00 on 9 February, 9 May, 9
August and 9 November of each year
Interest Commencement Date: 14 December 2022
Settlement Date: 14 December 2022
Rating: BBB(za)(sf) by GCR
Placement Agent: The Standard Bank of South Africa
Notes will be deposited in the Central Securities 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: 13-12-2022 09:00:00
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