THE SOUTH AFRICAN NATIONAL ROADS AGENCY SOC LIMITED - Listing of new financial instrument HWF13

Listing of new financial instrument – HWF13

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: HWF13
ISIN: ZAG000164740
(“SANRAL”)

LISTING OF NEW FINANCIAL INSTRUMENT – HWF13

The JSE Limited has granted approval for the listing of HWF13 ZAR1 000 000 000 Senior Unsecured
Floating Rate Notes (“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 November 2019.

The details pertaining to the Notes are as follows:

 Instrument Code:                                 HWF13
 ISIN No:                                         ZAG000164740
 Instrument Type:                                 Senior Unsecured Floating Rate Notes
 Nominal Amount:                                  ZAR1 000 000 000.00
 Issue Date:                                      28 November 2019
 Issue Price:                                     100%
 Interest Rate:                                   3 Month ZAR-JIBAR-SAFEX plus 145 bps
 Interest Determination Date(s):                  28 February, 28 May, 28 August and 28 November
                                                  until the Redemption Date with the first Interest
                                                  Determination Date being 28 November 2019
                                                  (subject to the applicable Business Day Convention)
 Coupon Rate Indicator:                           Floating
 Interest Commencement Date:                      28 November 2019
 Interest Payment Dates:                          28 February, 28 May, 28 August and 28 November
                                                  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 2020
 Applicable Business Day Convention:              Following Business Day
 Last Day to Register:                            By 17h00 on 17 February, 17 May, 17 August and
                                                  17 November 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:                             The Register will be closed from 18 February to
                                                  27 February, 18 May to 27 May, 18 August to
                                                  27 August and 18 November to 27 November (all
                                                  dates inclusive) in each year until the Redemption
                                                  Date
 Redemption Date:                                 28 November 2022
 Final Redemption Amount:                         100%
 Total Notes in Issue:                            ZAR25 946 018 477 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 dematerialised in the Central Securities Depository and settlement will take place
electronically in terms of JSE Rules.


27 November 2019

Debt Sponsor
One Capital

Date: 27-11-2019 01:00:00
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