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Urban Ubomi 2: Initial Issuance of Notes
Urban Ubomi 2 (RF) Limited
("Urban Ubomi 2")
Issuer Code: UBBI2
New Financial Instrument Listing Announcement
Dated: 12 September 2024
Stock Codes: UU2A01, UU2A02, UU2B01, UU2C01, UU2D01
ISIN Codes: ZAG000208737, ZAG000208778, ZAG000208752,
ZAG000208760, ZAG000208745
The JSE Limited has granted Urban Ubomi 2 the listing of its:
- "UU2A01, UU2A02, UU2B01, UU2C01, UU2D01" Floating Rate Notes
all due 15 August 2049 (Step-up and call date 15 August
2029, except for UU2A01 which has a Step-up and call date
of 15 August 2027); and issued in terms of its
ZAR5,000,000,000 Asset Backed Note Programme dated on or
about 30 August 2024
Total notes outstanding (incl. this issue) ZAR573,000,000
Full Note details are as follows:
Bond Code: UU2A01
Designation of Note: Class A1 Note
Nominal Issued: ZAR181,000,000
Coupon Rate: 165bps over 3-month JIBAR as at 13
September 2024
Issue Price: 100%
Coupon Step-Up Rate: 215bps over 3-month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 15 August 2049
First Interest Payment Date: 15 February 2025
Coupon Step-Up Date: 15 August 2027
Interest Payment Dates: 15 February, 15 May, 15 August and
15 November of each year
Books Close: 10 to 14 February, 10 to 14 May, 10
to 14 August and 10 to 14 November
(all dates inclusive) in each year
until the Final Redemption Date
Last day to register: By 17:00 on 9 February, 9 May, 9
August and 9 November until the
Final Redemption Date, on the
calendar day preceding the Books
Closed Period, or, if such day is
not a Business Day, the immediately
preceding day that is a Business Day
Interest Commencement Date: 13 September 2024
Settlement Date: 13 September 2024
Rating: AAA(za) (sf) by The Global Credit
Rating Agency (GCR)
Placement Agent: The Standard Bank of South Africa
Limited
Bond Code: UU2A02
Designation of Note: Class A2 Note
Nominal Issued: ZAR193,000,000
Coupon Rate: 220bps over 3-month JIBAR as at 13
September 2024
Coupon Step-Up Rate: 286bps over 3-month JIBAR
Issue Price: 100%
Coupon Indicator: Floating
Final Redemption Date: 15 August 2049
First Interest Payment Date: 15 February 2025
Coupon Step-Up Date: 15 August 2029
Interest Payment Dates: 15 February, 15 May, 15 August and 15
November of each year
Books Close: 10 to 14 February, 10 to 14 May, 10
to 14 August and 10 to 14 November
(all dates inclusive) in each year
until the Final Redemption Date
Last day to register: By 17:00 on 9 February, 9 May, 9
August and 9 November until the
Final Redemption Date, on the
calendar day preceding the Books
Closed Period, or, if such day is
not a Business Day, the immediately
preceding day that is a Business Day
Interest Commencement Date: 13 September 2024
Settlement Date: 13 September 2024
Rating: AA+(za)(sf) by The Global Credit
Rating Agency (GCR)
Placement Agent: The Standard Bank of South Africa
Limited
Bond Code: UU2B01
Designation of Note: Class B Note
Nominal Issued: ZAR80,000,000
Coupon Rate: 275bps over 3-month JIBAR as at 13
September 2024
Coupon Step-Up Rate: 358bps over 3-month JIBAR
Issue Price: 100%
Coupon Indicator: Floating
Final Redemption Date: 15 August 2049
First Interest Payment Date: 15 February 2025
Coupon Step-Up Date: 15 August 2029
Interest Payment Dates: 15 February, 15 May, 15 August and 15
November of each year
Books Close: 10 to 14 February, 10 to 14 May, 10
to 14 August and 10 to 14 November
(all dates inclusive) in each year
until the Final Redemption Date
Last day to register: By 17:00 on 9 February, 9 May, 9
August and 9 November until the
Final Redemption Date, on the
calendar day preceding the Books
Closed Period, or, if such day is
not a Business Day, the immediately
preceding day that is a Business Day
Interest Commencement Date: 13 September 2024
Settlement Date: 13 September 2024
Rating: A(za)(sf) by The Global Credit
Rating Agency (GCR)
Placement Agent: The Standard Bank of South Africa
Limited
Bond Code: UU2C01
Designation of Note: Class C Note
Nominal Issued: ZAR63,000,000
Coupon Rate: 380bps over 3-month JIBAR as at 13
September 2024
Coupon Step-Up Rate: 494bps over 3-month JIBAR
Issue Price: 100%
Coupon Indicator: Floating
Final Redemption Date: 15 August 2049
First Interest Payment Date: 15 February 2025
Coupon Step-Up Date: 15 August 2029
Interest Payment Dates: 15 February, 15 May, 15 August and
15 November of each year
Books Close: 10 to 14 February, 10 to 14 May, 10
to 14 August and 10 to 14 November
(all dates inclusive) in each year
until the Final Redemption Date
Last day to register: By 17:00 on 9 February, 9 May, 9
August and 9 November until the
Final Redemption Date, on the
calendar day preceding the Books
Closed Period, or, if such day is
not a Business Day, the immediately
preceding day that is a Business Day
Interest Commencement Date: 13 September 2024
Settlement Date: 13 September 2024
Rating: BBB-(za)(sf) by The Global Credit
Rating Agency (GCR)
Placement Agent: The Standard Bank of South Africa
Limited
Bond Code: UU2D01
Designation of Note: Class D Note
Nominal Issued: ZAR56,000,000
Coupon Rate: 500bps over 3-month JIBAR as at 13
September 2024
Coupon Step-Up Rate: 650bps over 3-month JIBAR
Issue Price: 100%
Coupon Indicator: Floating
Final Redemption Date: 15 August 2049
First Interest Payment Date: 15 February 2025
Coupon Step-Up Date: 15 August 2029
Interest Payment Dates: 15 February, 15 May, 15 August and 15
November of each year
Books Close: 10 to 14 February, 10 to 14 May, 10
to 14 August and 10 to 14 November
(all dates inclusive) in each year
until the Final Redemption Date
Last day to register: By 17:00 on 9 February, 9 May, 9
August and 9 November until the
Final Redemption Date, on the
calendar day preceding the Books
Closed Period, or, if such day is
not a Business Day, the immediately
preceding day that is a Business Day
Interest Commencement Date: 13 September 2024
Settlement Date: 13 September 2024
Rating: Unrated
Placement Agent: 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:
Demisha Pillay - Standard Bank (Sponsor) 081 583 4873
Email: demisha.pillay@standardbank.co.za
Date: 12-09-2024 03:50:00
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