Wrap Text
New Instruments Listing
The Thekwini Fund 17 (RF) Limited
(“Thekwini 17”)
New Financial Instrument Listing Announcement
Dated: 23 March 2021
Stock Codes: TH17O1, T17A11, T17A21, T17A31, TH17B1, TH17C1, TH17D1
ISIN Codes: ZAG000174970, ZAG000174897, ZAG000174988, ZAG000174921,
ZAG000174913, ZAG000174905, ZAG000174889
The JSE Limited has granted Thekwini 17 the listing of its:
- “TH17O1” Floating Rate Notes due 21 February 2022;
- “T17A11, T17A21, TH17B1, TH17C1, TH17D1” Floating Rate Notes
all due 21 February 2056 (Step up and call date 21 February
2026, except for T17A11 which has a Step up and call date of
21 February 2024); and
- “T17A31” Fixed Rate Notes due 21 February 2056 (Step up and
call date 21 February 2026);
and issued in terms of its ZAR5,000,000,000 Asset Backed Note
Programme dated on or about 11 March 2021.
Total notes outstanding (incl. this issue) ZAR2,000,000,000
Full Note details are as follows:
Designation of Note: Class Omega Note
Nominal Issued: ZAR180,000,000
Coupon Rate: 4.417% (being 75 bps over 3 month
JIBAR of 3.667%)
Coupon Step-Up Rate: N/A
Coupon Indicator: Floating
Final Redemption Date: 21 February 2022
First Interest Payment Date: 21 May 2021
Coupon Step-Up Date: N/A
Interest Payment Dates: 21 May 2021, 21 August 2021, 21
November 2021 and 21 February 2022
Books Close: 17 May 2021, 17 August 2021, 17
November 2021 and 17 February 2022
Last day to register: By 17:00 on 16 May 2021, 16 August
2021, 16 November 2021 and 16
February 2022
Interest Commencement Date: 24 March 2021
Settlement Date: 24 March 2021
Rating: P-1.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class A1 Note
Nominal Issued: ZAR503,000,000
Coupon Rate: 4.887% (being 122 bps over 3 month
JIBAR of 3.667%)
Coupon Step-Up Rate: 159 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 February 2056
First Interest Payment Date: 21 May 2021
Coupon Step-Up Date: 21 February 2024
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 17 February, 17 May, 17 August and 17
November of each year
Last day to register: By 17:00 on 16 February, 16 May, 16
August and 16 November of each year
Interest Commencement Date: 24 March 2021
Settlement Date: 24 March 2021
Rating: Aaa.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class A2 Note
Nominal Issued: ZAR936,000,000
Coupon Rate: 5.117% (being 145 bps over 3 month
JIBAR of 3.667%)
Coupon Step-Up Rate: 189bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 February 2056
First Interest Payment Date: 21 May 2021
Coupon Step-Up Date: 21 February 2026
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 17 February, 17 May, 17 August and 17
November of each year
Last day to register: By 17:00 on 16 February, 16 May, 16
August and 16 November of each year
Interest Commencement Date: 24 March 2021
Settlement Date: 24 March 2021
Rating: Aaa.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class A3 Note
Nominal Issued: ZAR120,000,000
Coupon Rate: 7.21% per annum
Coupon Step-Up Rate: 189 bps over 3 month JIBAR
Coupon Indicator: Fixed until Coupon Step-up Date then
Floating thereafter
Final Redemption Date: 21 February 2056
First Interest Payment Date: 21 August 2021
Coupon Step-Up Date: 21 February 2026
Interest Payment Dates: 21 February and 21 August of each
year until Coupon Step-up Date and
then 21 February, 21 May, 21 August
and 21 November of each year
thereafter
Books Close: 17 February and 17 August of each
year until Coupon Step-up Date and
then 17 February, 17 May, 17 August
and 17 November of each year
thereafter
Last day to register: By 17:00 on 16 February and 16 August
of each year until Coupon Step-up
Date and then 16 February, 16 May,
16 August and 16 November of each
year thereafter
Interest Commencement Date: 24 March 2021
Settlement Date: 24 March 2021
Rating: Aaa.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class B Note
Nominal Issued: ZAR107,000,000
Coupon Rate: 5.567% (being 190 bps over 3 month
JIBAR of 3.667%)
Coupon Step-Up Rate: 247 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 February 2056
First Interest Payment Date: 21 May 2021
Coupon Step-Up Date: 21 February 2026
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 17 February, 17 May, 17 August and 17
November of each year
Last day to register: By 17:00 on 16 February, 16 May, 16
August and 16 November of each year
Interest Commencement Date: 24 March 2021
Settlement Date: 24 March 2021
Rating: Aaa.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class C Note
Nominal Issued: ZAR80,000,000
Coupon Rate: 5.927% (being 226 bps over 3 month
JIBAR of 3.667%)
Coupon Step-Up Rate: 226 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 February 2056
First Interest Payment Date: 21 May 2021
Coupon Step-Up Date: 21 February 2026
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 17 February, 17 May, 17 August and 17
November of each year
Last day to register: By 17:00 on 16 February, 16 May, 16
August and 16 November of each year
Interest Commencement Date: 24 March 2021
Settlement Date: 24 March 2021
Rating: A3.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class D Note
Nominal Issued: ZAR74,000,000
Coupon Rate: 7.767% (being 410 bps over 3 month
JIBAR of 3.667%)
Coupon Step-Up Rate: 410 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 February 2056
First Interest Payment Date: 21 May 2021
Coupon Step-Up Date: 21 February 2026
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 17 February, 17 May, 17 August and 17
November of each year
Last day to register: By 17:00 on 16 February, 16 May, 16
August and 16 November of each year
Interest Commencement Date: 24 March 2021
Settlement Date: 24 March 2021
Rating: N/A
Placement Agent: The Standard Bank of South Africa
Limited
Date: 23 March 2021
Sponsor: The Standard Bank of South Africa
Limited
Notes will be deposited in the Central Depository (“CSD”) and
settlement will take place electronically in terms of JSE Rules.
For further information on the Notes issued please contact:
Nicholas Gunning Standard Bank (Sponsor) (011) 721 7112
Email: nicholas.gunning@standardbank.co.za
Date: 23-03-2021 12:16:00
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