Wrap Text
New Instruments Listing
The Thekwini Fund 18 (RF) Limited
(“Thekwini 18”)
New Financial Instrument Listing Announcement
Dated: 29 September 2022
Stock Codes: TH18O1, T18A11, T18A21, TH18B1, TH18C1, TH18D1
ISIN Codes: ZAG000190406, ZAG0001903237, ZAG000190364,
ZAG000190380, ZAG000190398, ZAG000190414
The JSE Limited has granted Thekwini 18 the listing of its:
- “TH18O1” Floating Rate Notes due 21 August 2023;and
- “T18A11, T18A21, TH18B1, TH18C1, TH18D1” Floating Rate Notes
all due 21 August 2057 (Step up and call date 21 August 2027,
except for T18A11 which has a Step up and call date of 21
August 2025); and
and issued in terms of its ZAR5,000,000,000 Asset Backed Note
Programme dated on or about 22 September 2022.
Total notes outstanding (incl. this issue) ZAR1,500,000,000
Full Note details are as follows:
Designation of Note: Class Omega Note
Nominal Issued: ZAR120,000,000
Coupon Rate: 7.348% (being 89 bps over 3 month
JIBAR of 6.458%)
Coupon Step-Up Rate: N/A
Coupon Indicator: Floating
Final Redemption Date: 21 August 2023
First Interest Payment Date: 21 November 2022
Coupon Step-Up Date: N/A
Interest Payment Dates: 21 November 2022, 21 February 2023,
21 May 2023 and 21August 2023
Books Close: 17 November 2022, 17 February 2023,
17 May 2023 and 17 August 2023
Last day to register: By 17:00 on 16 November 2022, 16
February 2023, 16 May 2023 and 16
August 2023
Interest Commencement Date: 30 September 2022
Settlement Date: 30 September 2022
Rating: P-1.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa Limited
Designation of Note: Class A1 Note
Nominal Issued: ZAR452,000,000
Coupon Rate: 7.728% (being 127 bps over 3 month
JIBAR of 6.458%)
Coupon Step-Up Rate: 165 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 August 2057
First Interest Payment Date: 21 November 2022
Coupon Step-Up Date: 21 August 2025
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: 30 September 2022
Settlement Date: 30 September 2022
Rating: Aaa.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa Limited
Designation of Note: Class A2 Note
Nominal Issued: ZAR733,000,000
Coupon Rate: 7.958% (being 150 bps over 3 month
JIBAR of 6.458%)
Coupon Step-Up Rate: 195bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 August 2057
First Interest Payment Date: 21 November 2022
Coupon Step-Up Date: 21 August 2027
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: 30 September 2022
Settlement Date: 30 September 2022
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: ZAR80,000,000
Coupon Rate: 8.158% (being 170 bps over 3 month
JIBAR of 6.458%)
Coupon Step-Up Rate: 221 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 August 2057
First Interest Payment Date: 21 November 2022
Coupon Step-Up Date: 21 August 2027
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: 30 September 2022
Settlement Date: 30 September 2022
Rating: Aaa.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa Limited
Designation of Note: Class C Note
Nominal Issued: ZAR60,000,000
Coupon Rate: 8.858% (being 240 bps over 3 month
JIBAR of 6.458%)
Coupon Step-Up Rate: 240 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 August 2057
First Interest Payment Date: 21 November 2022
Coupon Step-Up Date: 21 August 2027
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: 30 September 2022
Settlement Date: 30 September 2022
Rating: A1.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa Limited
Designation of Note: Class D Note
Nominal Issued: ZAR55,000,000
Coupon Rate: 9.858% (being 340 bps over 3 month
JIBAR of 6.458%)
Coupon Step-Up Rate: 340 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 August 2057
First Interest Payment Date: 21 November 2022
Coupon Step-Up Date: 21 August 2027
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: 30 September 2022
Settlement Date: 30 September 2022
Rating: N/A
Placement Agent: The Standard Bank of South Africa Limited
Date: 29 September 2022
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: 29-09-2022 08:57:00
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