REPUBLIC OF SOUTH AFRICA - REPUBLIC OF SOUTH AFRICA FLOATING RATE NOTE

REPUBLIC OF SOUTH AFRICA FLOATING RATE NOTE

 Department of National Treasury
 REPUBLIC OF SOUTH AFRICA
 Private Bag X115, Pretoria, 0001. Tel: (+27 12) 315 5944. Fax: (+27 12) 407 9055




 SENS ANNOUNCEMENT



FLOATING RATE NOTE


Additional information on the new 7-year floating-rate note mentioned in the SENS
announcement of 31 March 2023.

The primary issuance of this instrument will take place via an auction on 12 April 2023.
This FRN auction can be accessed by the market via the Primary Dealers.

Specifics of the auction are:
  • Auction date: 2023/04/12.
  • Auction time: 12:00-13:00.
  • Auction results: Released around 14:00 on Bloomberg, Reuters and the SARB
       website.
  • Auction method: Dutch auction (uniform price).
  • Instruments on offer: The existing RN2027 and the new RN2030.
  • Amount on offer at auction: The cumulative maximum amount that can be
       allocated per auction has been provisionally set at R13 billion for 2023/24.

Specifics of the new instrument are:
  • Bid type for auction: Margin over 3-month Jibar.
  • Settlement: 2023/04/17.
  • Maturity: 2030/09/17.
  • Coupon dates being: 17 June, 17 September, 17 December and 17 March in each
       year up to and including the Maturity Date (17 September 2030), subject to
       adjustment in accordance with the Business Day Convention.
  • Issuer: Republic of South Africa.
  • Par amount: R1 million.
  • Coupon frequency: Quarterly.
  • Coupon rate: TBD (ie 3-month JIBAR + a margin, both TBD on day of auction).
  • Day count: ACT/365.
  • Business day convention: Following Business Day.
  • Closing period: 10 days.
  • Instrument code: RN2030.
  • ISIN code: ZAG000195413.
  • Bloomberg identifier: SAFLGB Float 09/17/30 Corp.
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As mentioned in the previous SENS announcement: the floating-rate note will be available
as collateral for repo transactions; the floating-rate note auctions calendar is available on
the National Treasury investor relations website; further details will be available in the
Applicable Pricing Supplement; and in the event that the reference rate changes during
the life of the instrument, the National Treasury reserves the right to change the reference
rate from the 3-month Jibar to the new prevailing reference rate.


Terry Bomela-Msomi
Director: Debt Issuance and Management
012 315 5136 / +27 66 289 2492
Date: 06 April 2023

Date: 06-04-2023 09:20:00
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