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NORTHAM PLATINUM LIMITED - Listing of new financial instrument NHM015

Release Date: 12/12/2019 17:00
Code(s): NHM015     PDF:  
Wrap Text
Listing of new financial instrument – NHM015

NORTHAM PLATINUM LIMITED
Incorporated in the Republic of South Africa
(Registration number 1977/003282/06)
Debt issuer code: NHMI
Bond code: NHM015
Bond ISIN: ZAG000164922
(“Northam”)

LISTING OF NEW FINANCIAL INSTRUMENT – NHM015

The JSE Limited (“JSE”) has granted approval for the listing of NHM015 Senior Unsecured Floating Rate Notes
(“Notes”), under the Northam Platinum Limited ZAR5 000 000 000 Domestic Medium Term Note Programme
dated 3 August 2012, as amended and / or supplemented from time to time (“Programme”), as guaranteed by
Booysendal Platinum Proprietary Limited, with effect from 13 December 2019.

The details pertaining to NHM015 are as follows:

 Instrument Type:                                    Senior Unsecured Floating Rate Notes
 Total Notes in Issue:                               ZAR4 175 000 000.00 including this issue
 Instrument Code:                                    NHM015
 Nominal Amount:                                     ZAR500 000 000.00
 Issue Price:                                        100%
 Interest Rate:                                      3 Month ZAR-JIBAR plus 330 bps, being 10.10% on the
                                                     first Interest Rate Determination Date (3 Month ZAR-
                                                     JIBAR as at 11 December 2019 of 6.80% plus 330 bps)
 Interest Rate Determination Date(s):                13 March, 13 June, 13 September and 13 December (or
                                                     the first Business Day of each Interest Period) of each
                                                     year until the Maturity Date, with the first Interest Rate
                                                     Determination Date being 11 December 2019
 Coupon Rate Indicator:                              Floating
 Issue Date:                                         13 December 2019
 Interest Commencement Date:                         13 December 2019
 Maturity Date:                                      13 December 2024
 Final Redemption Amount:                            100% of Nominal Amount
 Last Day to Register:                               By 17h00 on 2 March, 2 June, 2 September and
                                                     2 December of each year until the Maturity Date
 Books Closed Period:                                From 3 March to 12 March, 3 June to 12 June,
                                                     3 September to 12 September and 3 December to
                                                     12 December of each year until the Maturity Date (all
                                                     dates inclusive) or if any early redemption occurs, 10 days
                                                     prior to the actual Redemption Date
 Interest Payment Date(s):                           13 March, 13 June, 13 September and 13 December of
                                                     each year until the Maturity Date
 ISIN No:                                            ZAG000164922
 Business Day Convention:                            Following Business Day
 Other:                                              The applicable pricing supplement (“APS”) contains
                                                     additional terms and conditions to the Terms and
                                                     Conditions as contained in the Programme (“Additional
                                                     Terms and Conditions”)
 Summary of Additional Terms and Conditions:         The Additional Terms and Conditions pertain to the
                                                     applicable guarantee and the amendment of Condition
                                                     16.1 (Senior Notes) by including additional Events of
                                                     Default in terms of Condition 16.1.1.9 (Other) of the
                                                     Terms and Conditions. Investors should refer to
                                                     Appendix “A” of the APS for full details of the Additional
                                                     Terms and Conditions, available on Northam’s website:
                                                     https://www.northam.co.za/downloads/send/96-
                                                     files/1271-applicable-pricing-supplement-nhm015


The Notes will be immobilised in the Central Securities Depository (CSD) and settlement will take place
electronically in terms of JSE Rules.


Johannesburg
12 December 2019


Sole Arranger, Dealer and Debt Sponsor to Northam in respect of the Notes
One Capital

Attorneys to Northam in respect of the Notes
Bowman Gilfillan Inc.

Date: 12-12-2019 05:00:00
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