Wrap Text
New Instrument Listing - TRA3A1 - TRA3A3, TRA3B1
Transsec 3 (RF) Limited (previously known as Transsec 3 Proprietary
Limited)
New Financial Instrument Listing Announcement
Dated: 7 November 2017
Stock Codes:
TRA3A1 - ZAG000147844
TRA3A2 - ZAG000147869
TRA3A3 - ZAG000147877
TRA3B1 - ZAG000147851
The JSE Limited has granted a financial instrument listing to
Transsec 3 (RF) Limited “TRA3A1” Floating Rate Note due 14 November
2018, and “TRA3A2, TRA3A3 and TRA3B1”, Floating Rate Notes all due
14 November 2027 in terms of its Programme Memorandum dated on or
about 27 October 2017.
Authorised Programme size ZAR 2,500,000,000.00
Total notes issued (incl. this issue) ZAR 505,000,000.00
Full Note details are as follows:
Designation of Note: Class A1 Note
Nominal Issued: ZAR 70,000,000.00
Coupon Rate: 7.84% (being 79 bps over 3
month JIBAR of 7.050%)
Coupon Step-Up Rate: N/A
Coupon Indicator: Floating
Maturity Date: 14 November 2018
First Interest Payment Date: 14 February 2018
Coupon Step-Up Date: N/A
Interest Payment Dates: 14 February, 14 May, 14 August,
and 14 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: 8 November 2017
Settlement Date: 8 November 2017
Rating: P-1.za (sf) by Moody’s
Investors Service Limited
“Moody’s”
Designation of Note: Class A2 Note
Nominal Issued: ZAR 179,000,000.00
Coupon Rate: 8.59% (being 154 bps over 3
month JIBAR of 7.050%)
Coupon Step-Up Rate: 200 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 14 November 2027
First Interest Payment Date: 14 February 2018
Coupon Step-Up Date: 14 November 2020
Interest Payment Dates: 14 February, 14 May, 14 August
and 14 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: 8 November 2017
Settlement Date: 8 November 2017
Rating: Aaa.za (sf) by Moody’s
Designation of Note: Class A3 Note
Nominal Issued: ZAR 166,000,000.00
Coupon Rate: 8.81% (being 176 bps over 3
month JIBAR of 7.050%)
Coupon Step-Up Rate: 229 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 14 November 2027
First Interest Payment Date: 14 February 2018
Coupon Step-Up Date: 14 November 2022
Interest Payment Dates: 14 February, 14 May, 14 August
and 14 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: 8 November 2017
Settlement Date: 8 November 2017
Rating: Aaa.za (sf) by Moody’s
Designation of Note: Class B1 Note
Nominal Issued: ZAR 90,000,000.00
Coupon Rate: 10.25% (being 320 bps over 3
month JIBAR of 7.050%)
Coupon Step-Up Rate: 416 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 14 November 2027
First Interest Payment Date: 14 February 2018
Coupon Step-Up Date: 14 November 2022
Interest Payment Dates: 14 February, 14 May, 14 August
and 14 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: 8 November 2017
Settlement Date: 8 November 2017
Rating: Aa3.za (sf) by Moody’s
Co-arrangers: The Standard Bank of South Africa Limited (“Standard
Bank”) and SA Taxi Finance Holdings Proprietary Limited
Debt Sponsor: Standard Bank
Notes will be deposited in the Central Depository (“CSD”) and
settlement will take place electronically in terms of the JSE
Rules.
Further information on the Note issued please contact:
Nicholas Gunning
Standard Bank
(011) 721 7112
Email: nicholas.gunning@standardbank.co.za
Date: 07/11/2017 09:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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