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THE SOUTH AFRICAN NATIONAL ROADS AGENCY SOC LIMITED - Listing of new financial instrument and tap issue HWAY30 and HWAY34

Release Date: 27/08/2020 14:31
Code(s): HWAY34 HWAY30     PDF:  
Wrap Text
Listing of new financial instrument and tap issue – HWAY30 and HWAY34

The South African National Roads Agency SOC Limited
Incorporated in the Republic of South Africa
(Registration number 1998/009584/30)
Company code: BINRA
Bond Code: HWAY30
ISIN: ZAG000170648
Bond Code: HWAY34
ISIN: ZAG000070319
(“SANRAL”)

LISTING OF NEW FINANCIAL INSTRUMENT AND TAP ISSUE – HWAY30 AND HWAY34

The JSE Limited has granted approval for the listing of HWAY30 ZAR1 188 000 000 Senior Unsecured
Fixed Rate Notes, under the amended and restated SANRAL ZAR31 910 000 000 Guaranteed
Domestic Medium Term Note Programme dated 13 August 2018 (“Programme Memorandum”), with
effect from 28 August 2020.

The details pertaining to listing of HWAY30 are as follows:

 Instrument Code:                                 HWAY30
 ISIN No:                                         ZAG000170648
 Instrument Type:                                 Senior Unsecured Fixed Rate Notes
 Nominal Amount:                                  ZAR1 188 000 000.00
 Issue Date:                                      28 August 2020
 Issue Price:                                     100%
 Interest Rate:                                   10.365% per annum payable semi-annually in
                                                  arrear
 Interest Rate Indicator:                         Fixed
 Interest Commencement Date:                      28 August 2020
 Interest Payment Dates:                          28 August, 28 February of each calendar year until
                                                  the Redemption Date or, if such day is not a
                                                  Business Day, the Business Day on which the
                                                  interest will be paid (subject to the applicable
                                                  Business Day Convention)
 First Interest Payment Date:                     28 February 2021
 Applicable Business Day Convention:              Following Business Day
 Last Day to Register:                            By 17h00 on 17 August and 17 February of each
                                                  calendar year until the Redemption Date or if such
                                                  day is not a Business Day, the Business Day
                                                  immediately preceding each Books Closed Period
 Books Closed Period:                             18 August to 27 August and from 18 February to 27
                                                  February (all dates inclusive) in each calendar year
                                                  until the Redemption Date
 Redemption Date:                                 28 August 2030
 Final Redemption Amount:                         100%
 Total Notes in Issue:                            ZAR22 206 153 479.00 including this issue
 Additional terms and conditions:                 The applicable pricing supplement does not contain
                                                  additional terms and conditions to the terms and
                                                  conditions as     contained    in   the   Programme
                                                  Memorandum
 Additional information:                          Guaranteed by the government of the Republic of
                                                  South Africa


The details pertaining to the listing of a tap issue of HWAY34 are as follows:

 Instrument Code:                                 HWAY34
 ISIN No:                                         ZAG000070319
 Instrument Type:                                 Senior Unsecured Fixed Rate Notes
 Nominal Amount:                                  ZAR765 000 000.00
 Issue Date:                                      28 August 2020
 Issue Price:                                     82.49466%
 Interest Rate:                                   9.25% per annum payable semi-annually in arrear
 Interest Rate Indicator:                         Fixed
 Interest Commencement Date:                      31 July 2020
 Interest Payment Dates:                          31 July and 31 January of each year until the
                                                  Redemption Date or, if such day is not a Business Day,
                                                  the Business Day on which the interest will be paid
                                                  (subject to the applicable Business Day Convention)
 First Interest Payment Date:                     31 January 2021
 Applicable Business Day Convention:              Following Business Day
 Last Day to Register:                            By 17h00 on 20 July and 20 January of each year until
                                                  the Redemption Date or if such day is not a Business
                                                  Day, the Business Day immediately preceding each
                                                  Books Closed Period
 Books Closed Period:                             21 July to 30 July and from 21 January to 30 January
                                                  (all dates inclusive) of each year until the Redemption
                                                  Date
 Redemption Date:                                 31 July 2034
 Final Redemption Amount:                         100%
 Total Notes in Issue:                            ZAR22 206 153 479.00 including this issue
 Additional Terms and Conditions:                 The applicable pricing supplement does not contain
                                                  additional terms and conditions to the Terms and
                                                  Conditions as contained in the Programme
                                                  Memorandum
 Additional Information:                          Guaranteed by the government of the Republic of
                                                  South Africa

The Notes will be immobilised in the Central Securities Depository and settlement will take place
electronically in terms of JSE Rules.


27 August 2020

Debt Sponsor
One Capital

Date: 27-08-2020 02:31:00
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