Wrap Text
New Instruments Listing
The Thekwini Fund 19 (RF) Limited
("Thekwini 19")
Issuer Code: TKWI19
New Financial Instrument Listing Announcement
Dated: 19 August 2024
Stock Codes: TH19O3, T19A13, T19A23, TH19B3, TH19C3, TH19D3
ISIN Codes: ZAG000207838, ZAG000207788, ZAG000207820,
ZAG000207796, ZAG000207804, ZAG000207739
The JSE Limited has granted Thekwini 19 the listing of its:
- "TH19O3" Floating Rate Notes due 21 August 2025; and
- "T19A13, T19A23, TH19B3, TH19C3, TH19D3" Floating Rate Notes
all due 21 November 2060 (Step-up and call date 21 November
2028, except for T19A13 which has a Step-up and call date of
21 November 2026);
and issued in terms of its ZAR5,000,000,000 Asset Backed Note
Programme dated on or about 22 November 2023.
Total notes outstanding (incl. this issue) ZAR4,124,983,235
Full Note details are as follows:
Bond Code: TH19O3
Designation of Note: Class Omega Note
Nominal Issued: ZAR198,000,000
Coupon Rate: 9.05% (being 80bps over 3-month
JIBAR of 8.25%)
Issue Price: 100%
Coupon Step-Up Rate: N/A
Coupon Indicator: Floating
Final Redemption Date: 21 August 2025
First Interest Payment Date: 21 November 2024
Coupon Step-Up Date: N/A
Interest Payment Dates: 21 November 2024, 21 February 2025,
21 May 2025 and 21 August 2025
Books Close: 16 November 2024,16 February 2025,
16 May 2025, 16 August 2025
Last day to register: By 17:00 on 15 November 2024, 15
February 2025, 15 May 2025 and 15
August 2025
Interest Commencement Date: 21 August 2024
Settlement Date: 21 August 2024
Rating: P-1.za (sf) by Moody's Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Bond Code: T19A13
Designation of Note: Class A1 Note
Nominal Issued: ZAR528,000,000
Coupon Rate: 9.45% (being 120bps over 3-month
JIBAR of 8.25%)
Coupon Step-Up Rate: 156bps over 3-month JIBAR
Issue Price: 100%
Coupon Indicator: Floating
Final Redemption Date: 21 November 2060
First Interest Payment Date: 21 November 2024
Coupon Step-Up Date: 21 November 2026
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 16 February, 16 May, 16 August and 16
November of each year
Last day to register: By 17:00 on 15 February, 15 May, 15
August and 15 November of each year
Interest Commencement Date: 21 August 2024
Settlement Date: 21 August 2024
Rating: Aaa.za (sf) by Moody's Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Bond Code: T19A23
Designation of Note: Class A2 Note
Nominal Issued: ZAR1,018,000,000
Coupon Rate: 9.61% (being 136bps over 3-month
JIBAR of 8.25%)
Coupon Step-Up Rate: 177bps over 3-month JIBAR
Issue Price: 100%
Coupon Indicator: Floating
Final Redemption Date: 21 November 2060
First Interest Payment Date: 21 November 2024
Coupon Step-Up Date: 21 November 2028
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 16 February, 16 May, 16 August and 16
November of each year
Last day to register: By 17:00 on 15 February, 15 May, 15
August and 15 November of each year
Interest Commencement Date: 21 August 2024
Settlement Date: 21 August 2024
Rating: Aaa.za (sf) by Moody's Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Bond Code: TH19B3
Designation of Note: Class B Note
Nominal Issued: ZAR105,000,000
Coupon Rate: 9.85% (being 160bps over 3-month
JIBAR of 8.25%)
Coupon Step-Up Rate: 208bps over 3-month JIBAR
Issue Price: 100%
Coupon Indicator: Floating
Final Redemption Date: 21 November 2060
First Interest Payment Date: 21 November 2024
Coupon Step-Up Date: 21 November 2028
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 16 February, 16 May, 16 August and 16
November of each year
Last day to register: By 17:00 on 15 February, 15 May, 15
August and 15 November of each year
Interest Commencement Date: 21 August 2024
Settlement Date: 21 August 2024
Rating: Aaa.za (sf) by Moody's Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Bond Code: TH19C3
Designation of Note: Class C Note
Nominal Issued: ZAR78,000,000
Coupon Rate: 10.22% (being 197bps over 3-month
JIBAR of 8.25%)
Coupon Step-Up Rate: 197bps over 3-month JIBAR
Issue Price: 100%
Coupon Indicator: Floating
Final Redemption Date: 21 November 2060
First Interest Payment Date: 21 November 2024
Coupon Step-Up Date: 21 November 2028
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 16 February, 16 May, 16 August and 16
November of each year
Last day to register: By 17:00 on 15 February, 15 May, 15
August and 15 November of each year
Interest Commencement Date: 21 August 2024
Settlement Date: 21 August 2024
Rating: A1.za (sf) by Moody's Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Bond Code: TH19D3
Designation of Note: Class D Note
Nominal Issued: ZAR 73,000,000
Coupon Rate: 11.25% (being 300bps over 3-month
JIBAR of 8.25%)
Coupon Step-Up Rate: 300bps over 3-month JIBAR
Issue Price: 100%
Coupon Indicator: Floating
Final Redemption Date: 21 November 2060
First Interest Payment Date: 21 November 2024
Coupon Step-Up Date: 21 November 2028
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 16 February, 16 May, 16 August and 16
November of each year
Last day to register: By 17:00 on 15 February, 15 May, 15
August and 15 November of each year
Interest Commencement Date: 21 August 2024
Settlement Date: 21 August 2024
Rating: N/A
Placement Agent: The Standard Bank of South Africa
Limited
Date: 19 August 2024
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: 19-08-2024 10:56:00
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.
Sharenet Sites 
