Wrap Text
New Listing Notification – HILB21 & HILB22
HYPROP INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/005284/06)
ISIN: ZAE000190724
JSE Share code: HYP
JSE bond issuer code: HYPI
(Approved as a REIT by the JSE)
("Hyprop" or the "Company")
Background
Further to the announcement dated 7 April 2025 in which Hyprop advised that the Programme
Amount under its Domestic Medium Term Note Programme ("DMTNP") has been increased to R7
billion, noteholders are hereby advised of the DMTNP notes below issued via a private placement.
Due to the recent market volatility, Hyprop's DMTNP public auction which was scheduled to be held
on 10 April 2025 was postponed. Notwithstanding the private placement, Hyprop plans to return to
the debt capital market via a public auction in Q2:2025, subject to an assessment of market
conditions at the time.
New Listing Notification – HILB21 & HILB22
The JSE Limited has granted a listing to Hyprop of the following notes on the Interest Rate Market
with effect from Thursday, 24 April 2025.
INSTRUMENT TYPE: FLOATING RATE NOTE
Bond Code HILB21
ISIN No. ZAG000214487
Issue Date 24 April 2025
Total amount in issue R4,185,000,000.00
(excluding this issuance and excluding HILB22 set out below)
Nominal Issued R150,000,000.00
Issue Price 100%
Coupon 3 Month JIBAR plus 120 bps (3 month JIBAR rate as at 17
April 2025 plus 120 bps amounts to 8.742%)
Coupon Rate Indicator Floating
Trade Type Price
Final Maturity Date 24 October 2028
Books Close Date(s) 19 July to 23 July, 19 October to 23 October, 19 January to 23
January and from 19 April to 23 April (all dates inclusive), in
each year until the Maturity Date, or if any early redemption
occurs, 5 Days prior to the actual Redemption Date
Interest Payment Date(s) 24 July, 24 October, 24 January and 24 April of each year until
the Maturity Date, or, if such day is not a Business Day, the
Business Day on which interest will be paid, as determined in
accordance with the Applicable Business Day Convention
Last Day to Register By 17h00 on 18 July, 18 October, 18 January and 18 April of
each year until the Maturity Date, or if such day is not a
Business Day, the Business Day before each Books Closed
Period, or if any early redemption occurs, 6 Days prior to the
actual Redemption Date
Date Convention Following Business Day
Interest Commencement Date 24 April 2025
First Interest Payment Date 24 July 2025
Additional Information Senior Unsecured
Bond Code HILB22
ISIN No. ZAG000214495
Issue Date 24 April 2025
Total amount in issue R4,185,000,000.00
(excluding this issuance and excluding HILB21 set out above)
Nominal Issued R300,000,000.00
Issue Price 100%
Coupon 3 Month JIBAR plus 130 bps (3 month JIBAR rate as at 17
April 2025 plus 130 bps amounts to 8.842%)
Coupon Rate Indicator Floating
Trade Type Price
Final Maturity Date 24 April 2030
Books Close Date(s) 19 July to 23 July, 19 October to 23 October, 19 January to 23
January and from 19 April to 23 April (all dates inclusive), in
each year until the Maturity Date, or if any early redemption
occurs, 5 Days prior to the actual Redemption Date
Interest Payment Date(s) 24 July, 24 October, 24 January and 24 April of each year until
the Maturity Date, or, if such day is not a Business Day, the
Business Day on which interest will be paid, as determined in
accordance with the Applicable Business Day Convention
Last Day to Register By 17h00 on 18 July, 18 October, 18 January and 18 April of
each year until the Maturity Date, or if such day is not a
Business Day, the Business Day before each Books Closed
Period, or if any early redemption occurs, 6 Days prior to the
actual Redemption Date
Date Convention Following Business Day
Interest Commencement Date 24 April 2025
First Interest Payment Date 24 July 2025
Additional Information Senior Unsecured
Johannesburg
23 April 2025
Debt Sponsor
The Standard Bank of South Africa Limited
Date: 23-04-2025 04:20:00
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