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The Thekwini Fund 11 (RF) Ltd - New Instruments Listing
The Thekwini Fund 11 (RF) Limited
New Financial Instrument Listing Announcement
Dated: 1 August 2013
Stock Code: TH11A1, TH11A2, TH11A3, TH11B1, TH11C1, TH11D1
ISIN Code: ZAG000107376, ZAG000107335, ZAG000107327,
ZAG000107343, ZAG000107350, ZAG000107368
The JSE Limited has granted a financial instrument listing to The
Thekwini Fund 11 (RF) Limited “TH11A1, TH11A2, TH11B1, TH11C1,
TH11D1” Floating Rate Notes and “TH11A3” Fixed Rate Notes all due 18
July 2041 (Step up and call date 18 July 2018) and issued by The
Thekwini Fund 11 (RF) Limited in terms of its Programme Memorandum
dated on or about 31 July 2013.
Authorised Programme size R 4,000,000,000.00
Total notes issued (incl. this issue) R 1,070,000,000.00
Full Note details are as follows:
Designation of Note: Class A1 Note
Nominal Issued: ZAR 400,000,000.00
Coupon Rate: 6.38% (being 123 bps over 3
month JIBAR of 5.15%)
Coupon Step-Up Rate: 160 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 18 July 2041
First Interest Payment Date: 18 October 2013
Coupon Step-Up Date: 18 July 2018
Interest Payment Dates: 18th January, 18th April, 18th
July and 18th October of each
year
Books Close: 13th January, 13th April, 13th
July and 13th October of each
year
Last day to register: By 17:00 on 12th January, 12th
April, 12th July and 12th
October of each year
Interest Commencement Date: 2 August 2013
Settlement Date: 2 August 2012
Rating: AAA(zaf) by Fitch Ratings
Placement Agent: The Standard Bank of South
Africa Limited
Designation of Note: Class A2 Note
Nominal Issued: ZAR 500,000,000.00
Coupon Rate: 6.70% (being 155 bps over 3
month JIBAR of 5.15%)
Coupon Step-Up Rate: 202 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 18 July 2041
First Interest Payment Date: 18 October 2013
Coupon Step-Up Date: 18 July 2018
Interest Payment Dates: 18th January, 18th April, 18th
July and 18th October of each
year
Books Close: 13th January, 13th April, 13th
July and 13th October of each
year
Last day to register: By 17:00 on 12th January, 12th
April, 12th July and 12th
October of each year
Interest Commencement Date: 2 August 2013
Settlement Date: 2 August 2012
Rating: AAA(zaf) by Fitch Ratings
Placement Agent: The Standard Bank of South
Africa Limited
Designation of Note: Class A3 Note
Nominal Issued: ZAR 45,000,000.00
Coupon Rate: 8.73% per annum
Coupon Step-Up Rate: 202 bps over 3 month JIBAR
Coupon Indicator: Fixed until Coupon Step-Up
Date then Floating thereafter
Maturity Date: 18 July 2041
First Interest Payment Date: 18 January 2014
Coupon Step-Up Date: 18 July 2018
Interest Payment Dates: 18th January and 18th July of
each year until Coupon Step-
up Date then 18th January, 18th
April, 18th July and 18th
October of each year
thereafter
Books Close: 13th January and 13th July of
each year until Coupon Step-
up Date then 13th January, 13th
April, 13th July and 13th
October of each year
thereafter
Last day to register: By 17:00 on 12th January and
12th July of each year until
Coupon Step-up Date the 12th
January, 12th April, 12th July
and 12th October of each year
thereafter
Interest Commencement Date: 2 August 2013
Settlement Date: 2 August 2012
Rating: AAA(zaf) by Fitch Ratings
Placement Agent: The Standard Bank of South
Africa Limited
Designation of Note: Class B1 Note
Nominal Issued: ZAR 59,000,000.00
Coupon Rate: 7.15% (being 200 bps over 3
month JIBAR of 5.15%)
Coupon Step-Up Rate: 260 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 18 July 2041
First Interest Payment Date: 18 October 2013
Coupon Step-Up Date: 18 July 2018
Interest Payment Dates: 18th January, 18th April, 18th
July and 18th October of each
year
Books Close: 13th January, 13th April, 13th
July and 13th October of each
year
Last day to register: By 17:00 on 12th January, 12th
April, 12th July and 12th
October of each year
Interest Commencement Date: 2 August 2013
Settlement Date: 2 August 2012
Rating: A+(zaf) by Fitch Ratings
Placement Agent: The Standard Bank of South
Africa Limited
Designation of Note: Class C1 Note
Nominal Issued: ZAR 48,000,000.00
Coupon Rate: 8.03% (being 288 bps over 3
month JIBAR of 5.15%)
Coupon Step-Up Rate: 288 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 18 July 2041
First Interest Payment Date: 18 October 2013
Coupon Step-Up Date: 18 July 2018
Interest Payment Dates: 18th January, 18th April, 18th
July and 18th October of each
year
Books Close: 13th January, 13th April, 13th
July and 13th October of each
year
Last day to register: By 17:00 on 12th January, 12th
April, 12th July and 12th
October of each year
Interest Commencement Date: 2 August 2013
Settlement Date: 2 August 2012
Rating: BBB-(zaf) by Fitch Ratings
Placement Agent: The Standard Bank of South
Africa Limited
Designation of Note: Class D1 Note
Nominal Issued: ZAR 18,000,000.00
Coupon Rate: 11.15% (being 600 bps over 3
month JIBAR of 5.15%)
Coupon Step-Up Rate: 600 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 18 July 2041
First Interest Payment Date: 18 October 2013
Coupon Step-Up Date: 18 July 2018
Interest Payment Dates: 18th January, 18th April, 18th
July and 18th October of each
year
Books Close: 13th January, 13th April, 13th
July and 13th October of each
year
Last day to register: By 17:00 on 12th January, 12th
April, 12th July and 12th
October of each year
Interest Commencement Date: 2 August 2013
Settlement Date: 2 August 2012
Rating: Not Rated
Placement Agent: The Standard Bank of South
Africa Limited
Date: 1 August 2013
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 Standard Bank (Sponsor) (011) 378 8101
Email: mike.brunke@standardbank.co.za
Date: 01/08/2013 02:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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