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New Instruments - Listing, TH11A7, TH11A8, TH11B3, TH11C3, TH11D3
The Thekwini Fund 11 (RF) Limited
New Financial Instrument Listing Announcement
Dated: 11 April 2014
Stock Code: TH11A7, TH11A8, TH11B3, TH11C3, TH11D3
ISIN Code: ZAG000114307, ZAG000114323, ZAG000114331,
ZAG000114349, ZAG000114356
The JSE Limited has granted a financial instrument listing to The
Thekwini Fund 11 (RF) Limited “TH11A7, TH11A8, TH11B3, TH11C3,
TH11D3” Floating 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 3,470,000,000.00
Full Note details are as follows:
Designation of Note: Class A7 Note
Nominal Issued: ZAR 227,000,000.00
Coupon Rate: 6.87% (being 114 bps over 3
month JIBAR of 5.73%)
Coupon Step-Up Rate: 160 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 18 July 2041
First Interest Payment Date: 18 July 2014
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: 14 April 2014
Settlement Date: 14 April 2014
Rating: AAA(zaf) by Fitch Ratings
Placement Agent: The Standard Bank of South
Africa Limited
Designation of Note: Class A8 Note
Nominal Issued: ZAR 832,000,000.00
Coupon Rate: 7.22% (being 149 bps over 3
month JIBAR of 5.73%)
Coupon Step-Up Rate: 202 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 18 July 2041
First Interest Payment Date: 18 July 2014
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: 14 April 2014
Settlement Date: 14 April 2014
Rating: AAA(zaf) by Fitch Ratings
Placement Agent: The Standard Bank of South
Africa Limited
Designation of Note: Class B3 Note
Nominal Issued: ZAR 67,000,000.00
Coupon Rate: 7.58% (being 185 bps over 3
month JIBAR of 5.73%)
Coupon Step-Up Rate: 260 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 18 July 2041
First Interest Payment Date: 18 July 2014
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: 14 April 2014
Settlement Date: 14 April 2014
Rating: A+(zaf) by Fitch Ratings
Placement Agent: The Standard Bank of South
Africa Limited
Designation of Note: Class C3 Note
Nominal Issued: ZAR 45,000,000.00
Coupon Rate: 8.22% (being 249 bps over 3
month JIBAR of 5.73%)
Coupon Step-Up Rate: 249 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 18 July 2041
First Interest Payment Date: 18 July 2041
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: 14 April 2014
Settlement Date: 14 April 2014
Rating: BBB-(zaf) by Fitch Ratings
Placement Agent: The Standard Bank of South
Africa Limited
Designation of Note: Class D3 Note
Nominal Issued: ZAR 29,000,000.00
Coupon Rate: 11.57% (being 584 bps over 3
month JIBAR of 5.73%)
Coupon Step-Up Rate: 584 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 18 July 2041
First Interest Payment Date: 18 July 2014
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: 14 April 2014
Settlement Date: 14 April 2014
Rating: Not Rated
Placement Agent: The Standard Bank of South
Africa Limited
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) 721 8101
Email: mike.brunke@standardbank.co.za
Date: 14/04/2014 09:01:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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