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New Financial Instrument Listing - H12T19
Harcourt Street 1 (RF) Limited
(Incorporated with limited liability in the Republic of South Africa)
(Registration Number 2015/047670/06)
JSE Code: HCTI
New Financial Instrument Listing Announcement
ISSUE OF H12T19 SENIOR SECURED MIXED RATE NOTES (“H12T19 NOTES”)
Application has been made to the JSE Limited (“JSE”) for the listing of ZAR105,000,000 (One Hundred and Five
Million Rand) senior secured mixed rate Notes (stock code H12T19), issued pursuant to Harcourt Street 1 (RF)
Limited’s Programme Memorandum dated 17 February 2016 (as amended or supplemented), the Applicable
Issuer Supplement executed by Harcourt Street 1 (RF) Limited dated 17 February 2016 (as amended and
supplemented) and the Applicable Transaction Supplement executed by Harcourt Street 1 (RF) Limited dated 8
October 2020 (as amended and supplemented) (“the Programme Documents”)
The H12T19 Notes will be issued to Noteholders on the date of listing being 23 August 2022 with effect from
commencement of trade.
Salient features of the H12T19 Notes are listed below:
Issuer Harcourt Street 1 (RF) Limited
Instrument Senior secured mixed rate Notes
Issue Date 23 August 2022
Nominal Amount per Note ZAR1,000,000
Interest Rate (i) The Reference Rate plus the Margin.
The Reference Rate is three month
JIBAR, subject to the Maximum
Interest Rate for the period from (and
including) the Issue Date to (but
excluding) the Issuer Call Date;
(ii) 10.15% for the period from (and
including) the Issuer Call Date to (but
excluding) the Final Maturity Date
Interest Determination Date In respect of the first Interest Period, the
Issue Date. With respect to subsequent
Interest Periods, the Reference Rate will be
reset on 31 December, 31 March, 30 June
and 30 September of each year, as adjusted
in accordance with the applicable Business
Day Convention
Margin 3.00% per annum until but excluding the
Issuer Call Date
Maximum Interest Rate 10.76% per annum
Final Maturity Date 31 March 2032
Optional Redemption Date (Issuer Call Date) 31 March 2027
and Step-up Date
100%
Issue price per Note
Final Redemption Amount per Note Each Note shall be redeemed in cash at an
amount equal to the Principal Amount
Outstanding plus accrued but unpaid
interest, if any, to the date of redemption of
the Sub-Series of Notes, subject to the
applicable Sub-Series Priority of Payments
Interest Commencement Date Issue Date
Books Close Period from 26 September to 30 September, 27
December to 31 December, 27 March to 31
March and 26 June to 30 June in each year
(all days inclusive)
Last Day to Register By 17h00 on the Business Day immediately
preceding the first day of a Books Closed
Period, which shall mean that the Register
will be closed from 17h00 on each Last Day
to Register to the following Interest Payment
Date
Interest Payment Dates 30 September, 31 December, 31 March and
30 June in each year, or if such day is not a
Business Day, the Business Day on which
the interest will be paid, as determined in
accordance with the applicable Business
Day Convention
Business Day Convention Following Business Day
JSE Stock Code H12T19
ISIN ZAG000189184
Aggregate Nominal Amount of Notes Outstanding in Series ZAR105,000,000 (One Hundred and Five
Transaction 12, Sub-Series 19 after this issuance Million Rand)
The Pricing Supplement contains additional terms and (ii) The Issuer is entitled to redeem all or a
conditions or changes to the terms and conditions as portion of the Notes in the event of a
contained in the Programme Documents prepayment by the Participating Asset, as
set out in item 89 of the Applicable Pricing
Supplement.
(iii) The Issuer is entitled to redeem all of the
Notes If a Change in Law Event or an
Illegality has occurred, as set out in item 89
of the Applicable Pricing Supplement.
Investors should study the Applicable Pricing Supplement for full details of the terms and conditions applicable to these
Notes.
Date: 22 August 2022
Debt Sponsor:
Investec Bank Limited
abotha@investec.co.za
Date: 22-08-2022 05:36:00
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