SANLAM LIFE INSURANCE LIMITED - SLI4 - New Financial Instrument Listing

SLI4 - New Financial Instrument Listing

SANLAM LIFE INSURANCE LIMITED
Registration number 1998/021121/06
Bond Code: SLI4
ISIN No: ZAG000138629

NEW FINANCIAL INSTRUMENT LISTING

The JSE Limited has granted a financial instrument listing to SANLAM LIFE INSURANCE LIMITED, “SLI4”
under its Unsecured Subordinated Note Programme dated 2 August 2016.

INSTRUMENT TYPE:                              CALLABLE FLOATING RATE NOTE

Authorised Programme size                     R6,000,000,000.00
Total Notes in Issue                          R2,160,000,000.00

Full Note details are as follows:
Bond Code                                     SLI4
Nominal Issued                                R1,000,000,000.00
Issue Price                                   100%
Coupon Rate                                   9.55% (3 Month JIBAR as at 15 August 2016 of 7.350% plus
                                              220 bps)
Step up rate                                  3 Month JIBAR plus 330 bps
Coupon Rate Indicator                         Floating
Trade Type                                    Price
Final Maturity Date                           15 August 2026
First Call Date                               15 August 2021
Interest Payment Dates                        15 August, 15 November, 15 February and 15 May
First Interest Payment Date                   15 November 2016
Last Day to Register                          by 17:00 on 4 August, 4 November, 4 February and 4 May
Books Close                                   5 August, 5 November, 5 February and 5 May
Issue Date                                    15 August 2016
Date Convention                               Following Business Day
Interest Commencement Date                    15 August 2016
ISIN No.                                      ZAG000138629

15 August 2016

Debt Sponsor
Absa Bank Limited (acting through its Corporate and Investment Bank division)

Date: 15/08/2016 02:21:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.