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BASIL READ LIMITED - New Financial Instrument Listing - BSR12 BSR13

Release Date: 25/07/2014 17:07
Code(s): BSR12 BSR13     PDF:  
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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Date: 25/07/2014 05:07:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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