Wrap Text
New Instruments Listing
Transsec 4 (RF) Limited
New Financial Instrument Listing Announcement
Dated: 28 October 2019
Stock Codes:
TRA4A5 - ZAG000163536
TRA4A6 - ZAG000163528
TRA4A7 - ZAG000163510
TRA4A8 - ZAG000163502
TRA4B2 - ZAG000163494
The JSE Limited has granted a financial instrument listing to
Transsec 4 (RF) Limited “TRA4A5” Floating Rate Note due 13 October
2020, and “TRA4A6, TRA4A7, and TRA4B2”, Floating Rate Notes and
“TRA4A8” Fixed Rate Note, all due 13 April 2029 in terms of its
Programme Memorandum dated on or about 1 March 2019.
Authorised Programme size ZAR 2,500,000,000.00
Total notes issued (incl. this issue) ZAR 1,428,405,627.00
Full Note details are as follows:
Designation of Note: Class A5 Note
Nominal Issued: ZAR 88,000,000.00
Coupon Rate: 7.675% (being 90 bps over 3
month JIBAR of 6.775%)
Coupon Step-Up Rate: N/A
Coupon Indicator: Floating
Maturity Date: 13 October 2020
First Interest Payment Date: 13 January 2020
Coupon Step-Up Date: N/A
Interest Payment Dates: 13 January 2020, 13 April 2020,
13 July 2020 and 13 October
2020
Books Close: 9 January 2020, 9 April 2020,
9 July 2020 and 9 October 2020
Last day to register: By 17:00 on 8 January 2020, 8
April 2020, 8 July 2020 and 8
October 2020
Interest Commencement Date: 29 October 2019
Settlement Date: 29 October 2019
Rating: P-1.za (sf) by Moody’s
Investors Service Limited
“Moody’s”
Designation of Note: Class A6 Note
Nominal Issued: ZAR 270,000,000.00
Coupon Rate: 8.265% (being 149 bps over 3
month JIBAR of 6.775%)
Coupon Step-Up Rate: 194 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 13 April 2029
First Interest Payment Date: 13 January 2020
Coupon Step-Up Date: 13 April 2022
Interest Payment Dates: 13 January, 13 April, 13 July,
13 October of each year
Books Close: 9 January, 9 April, 9 July, 9
October of each year
Last day to register: By 17:00 on 8 January, 8 April,
8 July and 8 October of each
year
Interest Commencement Date: 29 October 2019
Settlement Date: 29 October 2019
Rating: Aaa.za (sf) by Moody’s
Designation of Note: Class A7 Note
Nominal Issued: ZAR 81,000,000.00
Coupon Rate: 8.545% (being 177 bps over 3
month JIBAR of 6.775%)
Coupon Step-Up Rate: 230 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 13 April 2029
First Interest Payment Date: 13 January 2020
Coupon Step-Up Date: 13 April 2024
Interest Payment Dates: 13 January, 13 April, 13 July,
13 October of each year
Books Close: 9 January, 9 April, 9 July, 9
October of each year
Last day to register: By 17:00 on 8 January, 8 April,
8 July and 8 October of each
year
Interest Commencement Date: 29 October 2019
Settlement Date: 29 October 2019
Rating: Aaa.za (sf) by Moody’s
Designation of Note: Class A8 Note
Nominal Issued: ZAR 62,000,000.00
Coupon Rate: 8.62% (being 132 bps over R2023
of 7.30%)
Coupon Step-Up Rate: 230 bps over 3 month JIBAR
Coupon Indicator: Fixed up until Coupon Step-Up
Date then Floating thereafter
Maturity Date: 13 April 2029
First Interest Payment Date: 13 April 2020
Coupon Step-Up Date: 13 April 2024
Interest Payment Dates: 13 April and 13 October up
until Coupon Step-up Date then
13 January, 13 April, 13 July,
13 October of each year
thereafter
Books Close: 9 April and 9 October of each
year up until Coupon Step-up
Date then 9 January, 9 April,
9 July, 9 October of each year
thereafter
Last day to register: By 17:00 on 8 April and 8
October up until Coupon Step-
up Date then by 17:00 on 8
January, 8 April, 8 July and 8
October of each year
thereafter
Interest Commencement Date: 29 October 2019
Settlement Date: 29 October 2019
Rating: Aaa.za (sf) by Moody’s
Designation of Note: Class B2 Note
Nominal Issued: ZAR 102,000,000.00
Coupon Rate: 9.595% (being 282 bps over 3
month JIBAR of 6.775%)
Coupon Step-Up Rate: 367 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 13 April 2029
First Interest Payment Date: 13 January 2020
Coupon Step-Up Date: 13 April 2024
Interest Payment Dates: 13 January, 13 April, 13 July,
13 October of each year
Books Close: 9 January, 9 April, 9 July, 9
October of each year
Last day to register: By 17:00 on 8 January, 8 April,
8 July and 8 October of each
year
Interest Commencement Date: 29 October 2019
Settlement Date: 29 October 2019
Rating: Aa3.za (sf) by Moody’s
Co-arrangers: The Standard Bank of South Africa Limited (“Standard
Bank”) and SA Taxi Holdings Proprietary Limited
Debt Sponsor: Standard Bank
Notes will be deposited in the Central Depository (“CSD”) and
settlement will take place electronically in terms of the JSE
Rules.
Further information on the Note issued please contact:
Nicholas Gunning
Standard Bank
(011) 721 7112
Email: nicholas.gunning@standardbank.co.za
Date: 28/10/2019 12:23:00
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