Wrap Text
New Instrument Listing
Urban Ubomi 1 (RF) Limited
(“Urban Ubomi 1”)
New Financial Instrument Listing Announcement
Dated: 11 February 2022
Stock Codes: UU1A04, UU1A05, UU1B02, UU1C02
ISIN Codes: ZAG000183567, ZAG000183542, ZAG000183591, ZAG000183609
The JSE Limited has granted Urban Ubomi 1 the listing of its “UU1A04,
UU1A05, UU1B02, UU1C02” Floating Rate Notes all due 15 May 2043
(Step up and call date 15 May 2026, except for UU1A04 which has a
Step up and call date of 15 May 2024), and issued in terms of its
ZAR2,500,000,000 Asset Backed Note Programme dated on or about 12
March 2021.
Total notes outstanding (incl. this issue) ZAR 1 036 841 631
Full Note details are as follows:
Designation of Note: Class A4 Note
Nominal Issued: ZAR27 000 000
Coupon Rate: 5.858% (being 170 bps over 3 month
JIBAR of 4.158%)
Coupon Step-Up Rate: 221 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 15 May 2043
First Interest Payment Date: 15 May 2022
Coupon Step-Up Date: 15 May 2024
Interest Payment Dates: 15 February, 15 May, 15 August and 15
November of each year
Books Close: 10 February, 10 May, 10 August and 10
November of each year
Last day to register: By 17:00 on 9 February, 9 May, 9
August and 9 November of each year
Interest Commencement Date: 14 February 2022
Settlement Date: 14 February 2022
Rating: AAA(za)(sf) by GCR
Placement Agent: The Standard Bank of South Africa
Designation of Note: Class A5 Note
Nominal Issued: ZAR283 000 000
Coupon Rate: 6.508% (being 235 bps over 3 month
JIBAR of 4.158%)
Coupon Step-Up Rate: 306bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 15 May 2043
First Interest Payment Date: 15 May 2022
Coupon Step-Up Date: 15 May 2026
Interest Payment Dates: 15 February, 15 May, 15 August and 15
November of each year
Books Close: 10 February, 10 May, 10 August and 10
November of each year
Last day to register: By 17:00 on 9 February, 9 May, 9
August and 9 November of each year
Interest Commencement Date: 14 February 2022
Settlement Date: 14 February 2022
Rating: AA+(za)(sf) by GCR
Placement Agent: The Standard Bank of South Africa
Designation of Note: Class B Note
Nominal Issued: ZAR118 000 000
Coupon Rate: 6.898% (being 274 bps over 3 month
JIBAR of 4.158%)
Coupon Step-Up Rate: 356 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 15 May 2043
First Interest Payment Date: 15 May 2022
Coupon Step-Up Date: 15 May 2026
Interest Payment Dates: 15 February, 15 May, 15 August and 15
November of each year
Books Close: 10 February, 10 May, 10 August and 10
November of each year
Last day to register: By 17:00 on 9 February, 9 May, 9
August and 9 November of each year
Interest Commencement Date: 14 February 2022
Settlement Date: 14 February 2022
Rating: A-(za)(sf) by GCR
Placement Agent: The Standard Bank of South Africa
Designation of Note: Class C Note
Nominal Issued: ZAR12 000 000
Coupon Rate: 8.158% (being 400 bps over 3 month
JIBAR of 4.158%)
Coupon Step-Up Rate: 520 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 15 May 2043
First Interest Payment Date: 15 May 2022
Coupon Step-Up Date: 15 May 2026
Interest Payment Dates: 15 February, 15 May, 15 August and 15
November of each year
Books Close: 10 February, 10 May, 10 August and 10
November of each year
Last day to register: By 17:00 on 9 February, 9 May, 9
August and 9 November of each year
Interest Commencement Date: 14 February 2022
Settlement Date: 14 February 2022
Rating: BBB-(za)(sf) by GCR
Placement Agent: The Standard Bank of South Africa
Notes will be deposited in the Central Securities 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: 11-02-2022 01:17:00
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