Wrap Text
UBBI2 - New financial instruments listing announcement
Urban Ubomi 2 (RF) Limited
("Urban Ubomi 2")
Issuer Code: UBBI2
Stock Code: UU2A07 ISIN: ZAG000218744
Stock Code: UU2A08 ISIN: ZAG000218785
Stock Code: UU2B03 ISIN: ZAG000218736
Stock Code: UU2C03 ISIN: ZAG000218843
Stock Code: UU2D03 ISIN: ZAG000218793
Dated: 4 September 2025
New Financial Instrument Listing Announcement
The JSE Limited has granted Urban Ubomi 2 the listing of its:
- "UU2A07, UU2A08, UU2B03, UU2C03, UU2D03" Floating Rate Notes
all due on 15 August 2049 (Step-up and call date 15 August
2029, except for UU2A07 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. these issues) ZAR1,858,266,699
Full Note details are as follows:
Bond Code: UU2A07
ISIN ZAG000218744
Designation of Note: Class A1 Note
Nominal Issued: ZAR150,000,000
Coupon Rate: 8.567% (being 155bps over 3-month JIBAR of 7.017%)
Issue Price: 100%
Coupon Step-Up Rate: 202bps over 3-month JIBAR
Coupon Indicator: Floating
Business day Convention Following
Final Redemption Date: 15 August 2049
First Interest Payment Date: 15 November 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: 5 September 2025
Settlement Date: 5 September 2025
Rating: AAA(za) (sf) by The Global Credit Rating Agency ("GCR")
Placement Agent: The Standard Bank of South Africa Limited
Bond Code: UU2A08
ISIN ZAG000218785
Designation of Note: Class A2 Note
Nominal Issued: ZAR250,000,000
Coupon Rate: 9.117% (being 210bps over 3-month JIBAR of 7.017%)
Coupon Step-Up Rate: 273bps over 3-month JIBAR
Issue Price: 100%
Coupon Indicator: Floating
Business day Convention Following
Final Redemption Date: 15 August 2049
First Interest Payment Date: 15 November 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: 5 September 2025
Settlement Date: 5 September 2025
Rating: AA+(za)(sf) by The Global Credit Rating Agency ("GCR")
Placement Agent: The Standard Bank of South Africa Limited
Bond Code: UU2B03
ISIN ZAG000218736
Designation of Note: Class B Note
Nominal Issued: ZAR109,000,000
Coupon Rate: 9.717% (being 270bps over 3-month JIBAR of 7.017%)
Coupon Step-Up Rate: 351bps over 3-month JIBAR
Issue Price: 100%
Business day Convention Following
Coupon Indicator: Floating
Final Redemption Date: 15 August 2049
First Interest Payment Date: 15 November 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: 5 September 2025
Settlement Date: 5 September 2025
Rating: A(za)(sf) by The Global Credit Rating Agency ("GCR")
Placement Agent: The Standard Bank of South Africa Limited
Bond Code: UU2C03
ISIN ZAG000218843
Designation of Note: Class C Note
Nominal Issued: ZAR60,000,000
Coupon Rate: 10.817% (being 380bps over 3-month JIBAR of 7.017%)
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 November 2025
Coupon Step-Up Date: 15 August 2029
Business day Convention Following
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: 5 September 2025
Settlement Date: 5 September 2025
Rating: BBB-(za)(sf) by The Global Credit Rating Agency ("GCR")
Placement Agent: The Standard Bank of South Africa Limited
Bond Code: UU2D03
ISIN ZAG000218793
Designation of Note: Class D Note
Nominal Issued: ZAR31,000,000
Coupon Rate: 12.017% (being 500bps over 3-month JIBAR of 7.017%)
Coupon Step-Up Rate: 650bps over 3-month JIBAR
Issue Price: 100%
Coupon Indicator: Floating
Business day Convention Following
Final Redemption Date: 15 August 2049
First Interest Payment Date: 15 November 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: 5 September 2025
Settlement Date: 5 September 2025
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: 081 583 4873
Email: demisha.pillay@standardbank.co.za
Debt Sponsor: The Standard Bank of South Africa Limited
Date: 04-09-2025 04:59:00
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