THE SA NATIONAL ROADS AGENCY SOC LTD - HWAY23 and HWAY24 - Tap Issuance

HWAY23 and HWAY24 - Tap Issuance

THE SOUTH AFRICAN NATIONAL ROADS AGENCY SOC LIMITED

Bond Code: HWAY23
ISIN No: ZAG000075862

Bond Code: HWAY24
ISIN No: ZAG000079153

LISTING OF HWAY23 and HWAY24

The JSE Limited has granted a listing issue to The South African National Roads Agency SOC Limited
“HWAY23 and HWAY24 under its Domestic Medium Term Note Programme dated 30 July 2009 as
amended or restated on or about 14 April 2014, effective from 28 January 2015, the first settlement date.




Authorised Programme size               R31, 910,000,000.00

Total Notes in issue                    R 25,254,536,842.00 (following the additional issues)




Additional listing                      Total amount in issue following additional issue

R 150,000,000.00                        R 2,433,000,000.00



Bond Code                               HWAY23

Nominal Issued                          R 150,000,000.00

Issue Price                             278.15593%

Coupon                                  5.50%

Trade Type                              Yield

Coupon Rate Indicator                   Fixed

Maturity Date                           7 December 2023

Interest Commencement Date              7 December 2014

First Interest Date                     7 June 2015

Interest Dates                          7 June and 7 December until maturity date

Books Close                             28 May and 27 November until maturity date

Last day to register                    By 17:00 on 27 May and 26 November

First Settlement date                   28 January 2015

Base CPI                                51.34207042

ISIN No.                                ZAG000075862

Date Convention                         Following

Additional Information                  Senior Unsecured




Additional listings                     Total amount in issue following additional issue

R 150,000,000.00                        R 929,000,000.00


Bond Code                               HWAY24
Nominal Issued                          R 150,000,000.00
Coupon                                  5.5%
Trade Type                              Yield-to-maturity
Maturity Date                           7 December 2024
Interest Commencement Date              7 December 2014
First Interest Date                     7 June 2015
Interest Dates                          7 June and 7 December until maturity date
Books Close                             28 May and 27 November until maturity date
Last day to register                    By 17:00 on 27 May and 26 November
Issue Price                             284.26179%
First Settlement Date                   28 January 2015
Base CPI                                51.34207042
Date Convention                         Following
ISIN No                                 ZAG000079153
Additional Information                  Senior Unsecured




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


28 January 2015


Debt Sponsor

Absa Bank Limited (acting through its Corporate and Investment Banking division)

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