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BISPDR - SuperDrive Investments (Proprietary) Limited (RF) - New financial

Release Date: 02/09/2011 15:32
Code(s): JSE
Wrap Text

BISPDR - SuperDrive Investments (Proprietary) Limited (RF) - New financial instrument listing announcement SuperDrive Investments (Proprietary) Limited (RF) - SPDA1, SPDA2 Dated: 2 September 2011 Stock Code: SPDA1, SPDA2 ISIN Code: ZAG000088774, ZAG000088782 The JSE Limited has granted a listing to SuperDrive Investments (Proprietary) Limited (RF) Floating Rate Notes SPDA1 and SPDA2 due 21 August 2021 and 21 August 2023 respectively - sponsored by The Standard Bank of South Africa Limited (acting through its Corporate and Investment Banking Division), under its Asset Backed Note Programme. Authorised Programme size R10,000,000,000.00 Total notes issued R2,000,000,000.00 Full Note details are as follows: Designation of Note: Class A1 Note Nominal Issued: ZAR 926,000,000.00 Coupon Rate: 6.775% (being 120 bps over 3 month JIBAR of 5.575%) Coupon Step-Up Rate: 40 bps plus coupon Coupon Indicator: Floating Maturity Date: 21 August 2021 First Interest Payment Date: 21 November 2011 Coupon Step-Up Date: 21 August 2014 Interest Payment Dates: each 21 February, 21 May, 21 August and 21 November Books Close: each 16 February, 16 May, 16 August and 16 November Last day to register: By17:00 on 15 February, 15 May, 15 August and 15 November of each year Interest Commencement Date: 2 September 2011 Settlement Date: 2 September 2011 Rating: Aaa.za(sf) by Moody`s Investor Services Placement Agent: The Standard Bank of South Africa Limited Designation of Note: Class A2 Note Nominal Issued: ZAR 1,074,000,000.00 Coupon Rate: 6.975% (being 140 bps over 3 month JIBAR of 5.575%) Coupon Step-Up Rate: 50 bps plus coupon Coupon Indicator: Floating Maturity Date: 21 August 2023 First Interest Payment Date: 21 November 2011 Coupon Step-Up Date: 21 August 2016 Interest Payment Dates: each 21 February, 21 May, 21 August and 21 November
Books Close: each 16 February, 16 May, 16 August and 16 November Last day to register: By 17:00h on 15 February, 15 May, 15 August and 15 November of each year
Interest Commencement Date: 2 September 2011 Settlement Date: 2 September 2011 Rating: Aaa.za(sf) by Moody`s Investor Services Placement Agent: The Standard Bank of South Africa Limited Date: 2 September 2011 Sponsor: Standard Bank Notes will be deposited in the Central Depository ("CSD") and settlement will take place electronically in terms of JSE Rules. Further information on the Note issued please contact: Mike Brunke SBSA (Sponsor) (011) 378 8101 Email: mike.brunke@standardbank.co.za Date: 02/09/2011 15:32:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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