Wrap Text
New Instrument Listing
Transsec 3 (RF) Limited
New Financial Instrument Listing Announcement
Dated: 5 June 2018
Stock Codes:
TRA3A5 - ZAG000151713
TRA3A6 - ZAG000151721
TRA3A7 - ZAG000151739
TRA3A4 - ZAG000147885
TRA3B2 - ZAG000151747
The JSE Limited has granted a financial instrument listing to
Transsec 3 (RF) Limited “TRA3A5” Floating Rate Note due 14 May
2019, and “TRA3A6, TRA3A7, and TRA3B2”, Floating Rate Notes and
TRA3A4 Fixed Rate Note, 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 973,622,048.00
Full Note details are as follows:
Designation of Note: Class A5 Note
Nominal Issued: ZAR 70,000,000.00
Coupon Rate: 7.708% (being 80 bps over 3
month JIBAR of 6.908%)
Coupon Step-Up Rate: N/A
Coupon Indicator: Floating
Maturity Date: 14 May 2019
First Interest Payment Date: 14 August 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: 6 June 2018
Settlement Date: 6 June 2018
Rating: P-1.za (sf) by Moody’s
Investors Service Limited
“Moody’s”
Designation of Note: Class A6 Note
Nominal Issued: ZAR 173,000,000.00
Coupon Rate: 8.398% (being 149 bps over 3
month JIBAR of 6.908%)
Coupon Step-Up Rate: 194 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 14 November 2027
First Interest Payment Date: 14 August 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: 6 June 2018
Settlement Date: 6 June 2018
Rating: Aaa.za (sf) by Moody’s
Designation of Note: Class A7 Note
Nominal Issued: ZAR 104,000,000.00
Coupon Rate: 8.588% (being 168 bps over 3
month JIBAR of 6.908%)
Coupon Step-Up Rate: 218 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 14 November 2027
First Interest Payment Date: 14 August 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: 6 June 2018
Settlement Date: 6 June 2018
Rating: Aaa.za (sf) by Moody’s
Designation of Note: Class A4 Note
Nominal Issued: ZAR 74,000,000.00
Coupon Rate: 9.03% (being 110 bps over R2023
of 7.93%)
Coupon Step-Up Rate: 218 bps over 3 month JIBAR
Coupon Indicator: Fixed up until Coupon Step-Up
Date then Floating thereafter
Maturity Date: 14 November 2027
First Interest Payment Date: 14 November 2018
Coupon Step-Up Date: 14 November 2022
Interest Payment Dates: 14 May and 14 November up until
Coupon Step-up Date then 14
February, 14 May, 14 August and
14 November of each year
thereafter
Books Close: 10 May and 10 November of each
year up until Coupon Step-up
Date 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 up until Coupon Step-
up Date then by 17:00 on 9
February, 9 May, 9 August and
9 November of each year
thereafter
Interest Commencement Date: 6 June 2018
Settlement Date: 6 June 2018
Rating: Aaa.za (sf) by Moody’s
Designation of Note: Class B2 Note
Nominal Issued: ZAR 84,000,000.00
Coupon Rate: 9.898% (being 299 bps over 3
month JIBAR of 6.908%)
Coupon Step-Up Rate: 389 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 14 November 2027
First Interest Payment Date: 14 August 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: 6 June 2018
Settlement Date: 6 June 2018
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: 05/06/2018 11:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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