General SENS Submitter Company - GEN General - JSE Limited - Amendments to the JSE Debt Listings Requirements

GEN – General - JSE Limited - Amendments to the JSE Debt Listings Requirements

GEN – General - JSE Limited

Amendments to the JSE Debt Listings Requirements

The JSE intends to amend the Debt Listings Requirements (the “Debt Requirements”) to expand the
current Sustainability Segment and introduce the Transition Segment

The JSE currently has a Sustainability Segment for debt securities based on a use of proceeds
sustainability model.

The amendments being proposed to the Debt Requirements are the following:

   *   The JSE aims to introduce Sustainability-Linked Debt Securities which are forward-looking
       performance-based debt securities for which the financial and/or structural characteristics can
       vary depending on whether the applicant issuer achieves predefined sustainability / ESG
       objectives pursuant to the sustainability-linked standards.
   *   The JSE further aims to introduce Transition Debt Securities whereby the applicant issuers
       can raise funds for climate transition-related purposes. The Transition Debt Securities can
       take the forms of either (i) Sustainability Use of Proceeds Debt Securities or (ii) Sustainability-
       Linked Debt Securities.
   *   In order to accommodate the above new debt securities, the current debt instruments under
       the Sustainability Segment will be renamed to Sustainability Use of Proceeds Debt Securities
       to align with its sustainability use of proceeds objectives.
   *   The JSE will introduce two new segments to accommodate the above debt securities:
           o   Sustainability Segment comprising Sustainability Use of Proceeds Debt Securities
               and Sustainability-Linked Debt Securities; and
           o   Transition Segment comprising Transition Debt Securities.


The marked-up amendments along with an explanatory memorandum will be available on the JSE’s
website (Route: Companies & Issuer Regulation/Issuer Regulation – Announcements regarding
Listings Requirements).

We invite comments on the amendments to the Debt Listings Requirements by close of business,
Friday, 16 July 2021, and comments can be sent directly to alwynf@jse.co.za.

14 June 2021

Date: 14-06-2021 04:20:00
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.