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ADCORP HOLDINGS LIMITED - New Issuance Listing - ADCB01

Release Date: 07/03/2013 17:10
Code(s): ADCB01     PDF:  
Wrap Text
New Issuance Listing - ADCB01

Adcorp Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1974/001804/06)
Company code: ADRI
(“Adcorp”)


LISTING OF NEW FINANCIAL INSTRUMENTS

The JSE Limited has granted Adcorp (the “Issuer”) the listing of
its ADCB01 Senior Secured Floating Rate Notes, in terms of its
ZAR2,000,000,000 Domestic Medium Term Note Programme dated 6 March
2013.

INSTRUMENT TYPE:             Floating Rate Notes
Total Notes in Issue:        R 0 excluding this
                             issuance of Notes

Instrument Code:             ADCB01
Nominal Issued:              R400,000,000.00
Issue Price:                 100%
Interest Rate for First       7.598% (3 month JIBAR as at 5 March
Interest Period:              2013 of 5.108% plus 249bps)
Interest Rate:                3 month JIBAR on each Interest Reset Date
                              plus 249bps
Coupon Rate Indicator:        Floating
Issue Date:                   8 March 2013
Interest Commencement Date:   8 March 2013
First Interest Payment Date: 8 June 2013
Maturity Date:                8 March 2018
Last day to register:         17h00 on 27 February, 30 May, 30 August
                              and 29 November of each year until the
                              Maturity Date.
Books Close:                  17h00 on 28 February, 31 May, 31 August
                              and 30 November of each year until the
                              Maturity Date.
Interest Payment Date(s):     8 March, 8 June, 8 September and 8
                              December of each year until the Maturity
                              Date.
ISIN:                         ZAG000103656
Business Day Convention:      Following Business Day


Dealer: Rand Merchant Bank, a division of FirstRand Bank Limited
The Notes will be immobilised in the Central Securities Depository
(“CSD”) and settlement will take place electronically in terms of
JSE Rules.

Any prospective purchaser of the note should contact Rand Merchant
Bank for details of the terms of the note. In this regard,
prospective purchasers should be aware that:

1. The note issued is subject to the terms and conditions of the
pricing supplement agreed between the Issuer and the subscriber(s)
for the note and the Terms and Conditions of the Notes as set out in
the Programme Memorandum dated 6 March 2013 in respect of the
Issuer’s Note Programme;

2. The performance of each note issued is linked to the performance
of an underlying third party entity and/or obligation stipulated in
the pricing supplement in respect of the note and accordingly, as the
prospective purchaser will assume credit exposure to both the Issuer
and such entity and/or obligation, the note is only suitable for
purchase by financially sophisticated investors after conducting all
relevant independent investigations. The risks pertaining to credit-
linked notes generally are more fully set out in the Programme
Memorandum. Copies of the Programme Memorandum are available from
the Issuer.


7 March 2013

Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

Date: 07/03/2013 05:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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