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LAND & AGRICULTURAL DEV BANK OF SA - LBK03 New Instrument Listing

Release Date: 30/09/2013 10:50
Code(s): LBK03     PDF:  
Wrap Text
LBK03 New Instrument Listing

Land and Agricultural Development Bank of South Africa – New
Listing Announcement

Authorised Programme size           ZAR10,000,000,000.00
Total notes in issue                ZAR2,525,000 000.00


Dated: 30 September 2013
Stock Code: LBK03
ISIN Code: ZAG000109554

The JSE Limited has granted a listing to Land and Agricultural
Development Bank of South Africa – LBK03 Senior Unsecured
Floating Rate Notes due 1 October 2016 - sponsored by The
Standard Bank of South Africa Limited (acting through its
Corporate and Investment Banking Division), under its Domestic
Medium Term Note Programme.

Full Note details are as follows:

Principal Amount Issued:            ZAR1,000,000,000.00
Tap Rate:                           6.383% (being 125 bps over 3
                                    month JIBAR of 5.1330%)
Coupon Indicator:                   Floating
Issue Price:                        100%
Maturity Date:                      1 October 2016
First Interest Payment Date:        1 January 2014
Interest Payment Dates:             1 January, 1 April, 1 July
                                    and 1 October
Books Close:                        each 22 December, 22 March,
                                    22 June and 21 September
Last day to register:               By 17:00h on 21 December, 21
                                    March, 21 June and 20
                                    September of each year
Interest Commencement Date:         1 October 2013
Settlement Date:                    1 October 2013
Placement Agent:                    The Standard Bank of South
                                    Africa Limited, acting
                                    through its Corporate and
                                    Investment Banking division
                                    and Nedbank Capital, a
                                    division of Nedbank Limited

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:
Sponsor - SBSA
Zoya Sisulu
Tel:(011) 721 6032   Email:zoya.sisulu@standardbank.co.za

Date: 30/09/2013 10:50:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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