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REPUBLIC OF SOUTH AFRICA - CANCELLATION OF S321972 R157 BOND INTEREST PAYMENT & SPLITTING NOTICE

Release Date: 05/09/2012 15:58
Code(s): R157     PDF:  
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CANCELLATION OF S321972 R157 BOND INTEREST PAYMENT & SPLITTING NOTICE

National Treasury
                 


R157 BOND INTEREST PAYMENT AND SPLITTING NOTICE

Interest Payment Date: 15 September 2012
Instrument Type: Fixed Rate Bond
Bond Name: R157 13.50% 2014/15/16
ISIN Code: ZAG000010547


Nominal issued:                               R71, 985,061,286.00
Coupon:                                       13.50%
Maturity Date:                                15 September 2014/15/16
Interest Commencement Date:                   24 October 2012
Interest Payment Dates:                       15 September, 15 March
Book Close:                                   05 September, 05 March


Notice is hereby given of the interest payment on the government bond the R157 (13.50%).
Interest payment day will be on Saturday 15th September 2012, with the National Treasury paying
a full six month’s coupon.


SPLITTING INTO THREE SEPARATE SERIES OF BONDS


Bond holders are advice that they are able to split their R157 (13.50%) 2014/15/16 holdings into
the three new series of bonds as from 16th September 2012.


The split option is in line with decisions previously made by the National Treasury with regard to
the R144, R147, R150, R194 and R153 three legged government bonds.


The option to split is totally optional; the option will remain until the book closed date prior to the
first leg maturity date, 15th September 2014, as prescribed in the terms and conditions of issue.


On the book closed date the 5th September 2012, all remaining outstanding R157 government
bonds, will be split into the three maturity legs of the R157 Government bond i.e. R009, R158 and
R159.
                                                 2


If holders choose to split their holdings in the R157, they may surrender their holdings as from 16th
September 2012 for replacement. The following new bonds, which total the original nominal value
of their holding, will replace the R157 benchmark bond:-


R009 - 13.5% IRB 2014, redeemable 15 September 2014
R158 - 13.5% IRB 2015, redeemable 15 September 2015
R159 – 13.5% IRB 2016, redeemable 15 September 2016


If a holding in R157 is not fully devisable by one third, the R009 and R159 will be rounded to the
nearest one rand, with the balance being added to the middle tranch, R158.


For further information please contact:


DIRECTOR: DEBT OPERATIONS




JOHAN KRYNAUW (012) 315 5275

Date: 05/09/2012 03:58:59 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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