Wrap Text
New Financial Instrument Listing - BSR12 BSR13
Basil Read (Proprietary) Limited
JSE Code: BSR12
ZAG000118233
JSE Code: BSR13
ZAG000118241
New Financial Instrument Listing
The JSE Limited has granted a listing to Basil Read (Proprietary) Limited under
their Domestic Medium-Term Note Programme dated 17 November 2008.
Full bond details are as follows –
INSTRUMENT TYPE: FLOATING RATE NOTE
Authorised Programme size R 1,000,000,000.00
Total Notes Outstanding R 125,000,000.00
Bond Code BSR12
Nominal Issued R 60,000,000.00
Issue Price 100%
Coupon 8.608% (3 Month JIBAR as at 23 July 2014 of 5.958%
plus 265 bps)
Step Up Margin Further coupon step-up of 50 basis points (0.50%)
over the Initial Margin (the Step-up Margin) in the
case of a Downgrade Event.
Coupon Indicator Floating
Trade Type Price
Maturity Date 25 January 2016
Books Close 15 October, 15 January, 15 April, 15 July
Interest Payment Date(s) 25 October, 25 January, 25 April, 25 July
Last Day to Register By 17:00 on 14 October, 14 January, 14 April, 14
July
Issue Date 25 July 2014
Date Convention Modified Following
Interest Commencement Date 25 July 2014
First Interest Payment Date 25 October 2014
ISIN No. ZAG000118233
Additional Information Senior Unsecured Notes
INSTRUMENT TYPE: FLOATING RATE NOTE
Authorised Programme size R 1,000,000,000.00
Total Notes Outstanding R 125,000,000.00
Bond Code BSR13
Nominal Issued R 40,000,000.00
Issue Price 100%
Coupon 8.858% (3 Month JIBAR as at 23 July 2014 of 5.958%
plus 290 bps)
Step Up Margin Further coupon step-up of 50 basis points (0.50%)
over the Initial Margin (the Step-up Margin) in the
case of a Downgrade Event.
Coupon Indicator Floating
Trade Type Price
Maturity Date 25 July 2016
Books Close 15 October, 15 January, 15 April, 15 July
Interest Payment Date(s) 25 October, 25 January, 25 April, 25 July
Last Day to Register By 17:00 on 14 October, 14 January, 14 April, 14
July
Issue Date 25 July 2014
Date Convention Modified Following
Interest Commencement Date 25 July 2014
First Interest Payment Date 25 October 2014
ISIN No. ZAG000118241
Additional Information Senior Unsecured Notes
The note will be immobilised in the Central Securities Depository (“CSD”) and
settlement will take place electronically in terms of JSE Rules. Further
information on the Note issue please contact:
Bradley Smart Nedbank Capital +27 11 2942693
Diboko Ledwaba JSE +27 11 5207222
Date 25th July 2014
Debt Sponsor
Nedbank Capital
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