Wrap Text
Listing of New Financial Instruments
Torque Securitisation (RF) Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2012/030043/06)
Company code: TSRF
(“Torque”)
LISTING OF NEW FINANCIAL INSTRUMENTS
The JSE Limited has granted Torque the listing of its TORQ1,TORQ2,
TORQ3, TORQ4, TORQ5 and TORQ6 Notes, in terms of its
ZAR5,000,000,000 Secured Asset Backed Note Programme dated 8 August
2012.
Total Notes in Issue: R891,000,000.00 (including these
issuances of Notes)
Instrument Type: Class A1 Secured Floating Rate Notes
Instrument Code: TORQ1
Nominal Issued: R250,000,000.00
Issue Price: 100%
Interest Rate: 6.325% (3 month JIBAR as at 16 August
2012 of 5.075% plus 125 bps)
Coupon Rate Indicator: Floating rate
Issue Date: 21 August 2012
Interest Commencement Date: 21 August 2012
First Interest Date: 15 November 2012
Scheduled Maturity Date: 15 August 2014
Legal Final Maturity Date: 15 April 2022
Last day to Register: By 17h00 on 4 November, 4 February, 4
May and 4 August of each year until the
Legal Final Maturity Date
Books Close: 5 November, 5 February, 5 May and 5
August of each year until the Legal
Final Maturity Date
Interest Payment Dates: 15 November, 15 February, 15 May and 15
August of each year until the Legal
Final Maturity Date
ISIN: ZAG000099219
Business Day Convention: Following Business Day
Instrument Type: Class A2 Secured Floating Rate Notes
Instrument Code: TORQ2
Nominal Issued: R238,000,000.00
Issue Price: 100%
Interest Rate: 6.475% (3 month JIBAR as at 16 August
2012 of 5.075% plus 140 bps)
Coupon Rate Indicator: Floating rate
Issue Date: 21 August 2012
Interest Commencement Date: 21 August 2012
First Interest Date: 15 November 2012
Scheduled Maturity Date: 15 August 2015
Legal Final Maturity Date: 15 April 2022
Last day to Register: By 17h00 on 4 November, 4 February, 4
May and 4 August of each year until the
Legal Final Maturity Date
Books Close: 5 November, 5 February, 5 May and 5
August of each year until the Legal
Final Maturity Date
Interest Payment Dates: 15 November, 15 February, 15 May and 15
August of each year until the Legal
Final Maturity Date
ISIN: ZAG000099227
Business Day Convention: Following Business Day
Instrument Type: Class A3 Secured Floating Rate Notes
Instrument Code: TORQ3
Nominal Issued: R200,000,000.00
Issue Price: 100%
Interest Rate: 6.665% (3 month JIBAR as at 16 August
2012 of 5.075% plus 159 bps)
Coupon Rate Indicator: Floating rate
Issue Date: 21 August 2012
Interest Commencement Date: 21 August 2012
First Interest Date: 15 November 2012
Scheduled Maturity Date: 15 August 2017
Legal Final Maturity Date: 15 April 2022
Last day to Register: By 17h00 on 4 November, 4 February, 4
May and 4 August of each year until the
Legal Final Maturity Date
Books Close: 5 November, 5 February, 5 May and 5
August of each year until the Legal
Final Maturity Date
Interest Payment Dates: 15 November, 15 February, 15 May and 15
August of each year until the Legal
Final Maturity Date
ISIN: ZAG000099235
Business Day Convention: Following Business Day
Instrument Type: Class B Secured Floating Rate Notes
Instrument Code: TORQ4
Nominal Issued: R84,000,000.00
Issue Price: 100%
Interest Rate: 6.685% (3 month JIBAR as at 16 August
2012 of 5.075% plus 161 bps)
Coupon Rate Indicator: Floating rate
Issue Date: 21 August 2012
Interest Commencement Date: 21 August 2012
First Interest Date: 15 November 2012
Scheduled Maturity Date: 15 August 2015
Legal Final Maturity Date: 15 April 2022
Last day to Register: By 17h00 on 4 November, 4 February, 4
May and 4 August of each year until the
Legal Final Maturity Date
Books Close: 5 November, 5 February, 5 May and 5
August of each year until the Legal
Final Maturity Date
Interest Payment Dates: 15 November, 15 February, 15 May and 15
August of each year until the Legal
Final Maturity Date
ISIN: ZAG000099243
Business Day Convention: Following Business Day
Instrument Type: Class C Secured Floating Rate Notes
Instrument Code: TORQ5
Nominal Issued: R49,000,000.00
Issue Price: 100%
Interest Rate: 7.625% (3 month JIBAR as at 16 August
2012 of 5.075% plus 255 bps)
Coupon Rate Indicator: Floating rate
Issue Date: 21 August 2012
Interest Commencement Date: 21 August 2012
First Interest Date: 15 November 2012
Scheduled Maturity Date: 15 August 2015
Legal Final Maturity Date: 15 April 2022
Last day to Register: By 17h00 on 4 November, 4 February, 4
May and 4 August of each year until the
Legal Final Maturity Date
Books Close: 5 November, 5 February, 5 May and 5
August of each year until the Legal
Final Maturity Date
Interest Payment Dates: 15 November, 15 February, 15 May and 15
August of each year until the Legal
Final Maturity Date
ISIN: ZAG000099250
Business Day Convention: Following Business Day
Instrument Type: Class D Secured Floating Rate Notes
Instrument Code: TORQ6
Nominal Issued: R70,000,000.00
Issue Price: 100%
Interest Rate: 13.000% (Prime Rate as at 16 August
2012 of 8.500% plus 450 bps)
Coupon Rate Indicator: Floating rate
Issue Date: 21 August 2012
Interest Commencement Date: 21 August 2012
First Interest Date: 15 November 2012
Scheduled Maturity Date: 15 August 2017
Legal Final Maturity Date: 15 April 2022
Last day to Register: By 17h00 on 4 November, 4 February, 4
May and 4 August of each year until the
Legal Final Maturity Date
Books Close: 5 November, 5 February, 5 May and 5
August of each year until the Legal
Final Maturity Date
Interest Payment Dates: 15 November, 15 February, 15 May and 15
August of each year until the Legal
Final Maturity Date
ISIN: ZAG000099266
Business Day Convention: Following Business Day
Dealer: Rand Merchant Bank, a division of FirstRand Bank Limited
The Notes will be immobilised in the Central Depository (“CSD”) and
settlement will take place electronically in terms of JSE Rules.
21 August 2012
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 21/08/2012 04:42:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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