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LAND & AGRICULTURAL DEV BANK OF SA - New Instrument Listing

Release Date: 05/03/2014 12:40
Code(s): LBK06     PDF:  
Wrap Text
New Instrument Listing

Land and Agricultural Development Bank of South Africa

Stock Code: LBK06
ISIN Code: ZAG000113762
Dated: 5 March 2014

New Instrument Listing

The JSE Limited has granted a listing to Land and Agricultural
Development Bank of South Africa – LBK06 Senior Unsecured
Floating Rate Notes due 6 March 2017 - 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:


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

Principal Amount Issued:            ZAR1,133,000,000.00
Coupon Indicator:                   Floating
Interest Rate:                      120 bps over 3 month JIBAR
Issue Price:                        100%
Maturity Date:                      6 March 2017
First Interest Payment Date:        6 June 2014
Interest Payment Dates:             6 March, 6 June, 6 September
                                    and 6 December
Books Close:                        each 24 February, 27 May, 27
                                    August and 26 November
Last day to register:               By 17:00h on 23 February, 26
                                    May, 26 August and 25
                                    November
Interest Commencement Date:         6 March 2014
Settlement Date:                    6 March 2014
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: 05/03/2014 12:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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