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

Release Date: 26/04/2012 12:25
Code(s): JSE
Wrap Text

BISPDR - SuperDrive Investments (Proprietary) Limited (RF) - New Financial Instrument Listing Announcement SuperDrive Investments (Proprietary) Limited (RF) - SPDA3, SPDA4 Dated: 26 April 2012 Stock Code: SPDA3, SPDA4 ISIN Code: ZAG000094202, ZAG000094210 The JSE Limited has granted a listing to SuperDrive Investments (Proprietary) Limited (RF) Floating Rate Notes SPDA3 and SPDA4 due 21 August 2022 and 21 August 2024 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 (R3,500,000,000.00) Full Note details are as follows: Designation of Note: Class A3 Note Nominal Issued: ZAR 821,000,000 Coupon Rate: 6.85% (being 125 bps over 3 month JIBAR of 5.60%) Coupon Step-Up Rate: 40 bps plus coupon Coupon Indicator: Floating Maturity Date: 21 August 2022 First Interest Payment Date: 21 May 2012 Coupon Step-Up Date: 21 August 2015 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: 26 April 2012 Settlement Date: 26 April 2012 Rating: Aaa.za(sf) by Moody`s Investor Services Placement Agent: The Standard Bank of South Africa Limited Designation of Note: Class A4 Note Nominal Issued: ZAR 679,000,000,000 Coupon Rate: 7.05% (being 145 bps over 3 month JIBAR of 5.60%) Coupon Step-Up Rate: 50 bps plus coupon Coupon Indicator: Floating Maturity Date: 21 August 2024 First Interest Payment Date: 21 May 2012 Coupon Step-Up Date: 21 August 2017 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: 26 April 2012 Settlement Date: 26 April 2012 Rating: Aaa.za(sf) by Moody`s Investor Services Placement Agent: The Standard Bank of South Africa Limited Date: 26 April 2012 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: 26/04/2012 12:25:01 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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