SuperDrive - SPDA7 and SPDA8 Listing
SuperDrive Investments (RF) Limited
New Financial Instrument Listing Announcement
SuperDrive Investments (RF) Limited – SPDA7, SPDA8
Dated: 30 May 2015
Stock Code: SPDA7, SPDA8
ISIN Code: ZAG000135807, ZAG000135872
The JSE Limited has granted a listing to SuperDrive Investments
(RF) Limited Floating Rate Notes SPDA7 and SPDA8 due (Legal
Maturity) 21 August 2024 and 21 August 2026 respectively -
sponsored by The Standard Bank of South Africa Limited (acting
through its Corporate and Investment Banking Division), under
its Asset Backed Note Programme.
Authorised Programme size R10,000,000,000.00
Total notes issued R3,912,000,000.00
Full Note details are as follows:
Designation of Note: Class A7 Note
Nominal Issued: ZAR 299,000,000
Coupon Rate: 8.88% (being 158 bps over 3
month JIBAR of 7.3%)
Coupon Step-Up Rate: 40 bps plus coupon
Coupon Indicator: Floating
Scheduled Maturity Date: 21 August 2019
First Interest Payment Date: 21 August 2016
Coupon Step-Up Date: 21 August 2019
Interest Payment Dates: each 21 February, 21 May, 21
August and 21 November
Books Close: 16 to 21 February, 16 to 21
May, 16 to 21 August and 16
to 21 November of each year.
Last day to register: The Business Day immediately
preceding each Books Closed
Period, which shall mean that
the Register will be closed
from each Last Day to
Register to the next
applicable Payment Date
Interest Commencement Date: 30 May 2016
Settlement Date: 30 May 2016
Rating: Aaa.za(sf) by Moody’s
Investor Services
Placement Agent: The Standard Bank of South
Africa Limited
Designation of Note: Class A8 Note
Nominal Issued: ZAR 910,000,000,000
Coupon Rate: 9.15% (being 185 bps over 3
month JIBAR of 7.3%)
Coupon Step-Up Rate: 50 bps plus coupon
Coupon Indicator: Floating
Scheduled Maturity Date: 21 August 2021
First Interest Payment Date: 21 August 2016
Coupon Step-Up Date: 21 August 2021
Interest Payment Dates: each 21 February, 21 May, 21
August and 21 November
Books Close: 16 to 21 February, 16 to 21
May, 16 to 21 August and 16
to 21 November of each year.
Last day to register: The Business Day immediately
preceding each Books Closed
Period, which shall mean that
the Register will be closed
from each Last Day to
Register to the next
applicable Payment Date
Interest Commencement Date: 30 May 2016
Settlement Date: 30 May 2016
Rating: Aaa.za(sf) by Moody’s
Investor Services
Placement Agent: The Standard Bank of South
Africa Limited
Date: 27 May 2016
Sponsor: Standard Bank
Notes will be deposited in the Central Depository (“CSD”) and
settlement will take place electronically in terms of JSE Rules.
Further information on the Note issued please contact:
Mike Brunke SBSA (Sponsor) (011) 721 8101
Email: mike.brunke@standardbank.co.za
Date: 27/05/2016 01:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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