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SUPERDRIVE INVESTMENTS (RF) LIMITED - New Instrument Listing - SPDA5 & SPDA6

Release Date: 15/09/2014 14:30
Code(s): SPDA5 SPDA6     PDF:  
Wrap Text
New Instrument Listing - SPDA5 & SPDA6

SuperDrive Investments (RF) Limited
New Financial Instrument
Listing Announcement

SuperDrive Investments (RF) Limited – SPDA5, SPDA6

Dated: 15 September 2014
Stock Code: SPDA5, SPDA6
ISIN Code: ZAG000118696, ZAG000118704

The JSE Limited has granted a listing to SuperDrive Investments
(RF) Limited Floating Rate Notes SPDA5 and SPDA6 due 21 August
2024 respectively - sponsored by The Standard Bank of South
Africa Limited (acting through its Corporate and Investment
Banking Division), under its Asset Backed Note Programme.

Authorised Programme size           R10,000,000,000.00
Total notes issued                  [R3,524,000,000.00]

Full Note details are as follows:

Designation of Note:                Class A5 Note
Nominal Issued:                     ZAR 432,000,000
Coupon Rate:                        7.383% (being 125 bps over 3
                                    month JIBAR of 6.133%)
Coupon Step-Up Rate:                40 bps plus coupon
Coupon Indicator:                   Floating
Maturity Date:                      21 August 2024
First Interest Payment Date:        21 November 2014
Coupon Step-Up Date:                21 August 2017
Interest Payment Dates:             each 21 February, 21 May, 21
                                    August and 21 November
Books Close:                        each 16 February, 16 May, 16
                                    August and 16 November
Last day to register:               By 17:00 on 15 February, 15
                                    May,   15    August   and  15
                                    November of each year
Interest Commencement Date:         15 September 2014
Settlement Date:                    15 September 2014
Rating:                             Aaa.za(sf) by Moody’s
                                    Investor Services
Placement Agent:                    The Standard Bank of South
                                    Africa Limited




Designation of Note:                Class A6 Note
Nominal Issued:                    ZAR 518,000,000,000
Coupon Rate:                       7.583% (being 145 bps over 3
                                   month JIBAR of 6.133%)
Coupon Step-Up Rate:               50 bps plus coupon
Coupon Indicator:                  Floating
Maturity Date:                     21 August 2024
First Interest Payment Date:       21 November 2014
Coupon Step-Up Date:               21 August 2019
Interest Payment Dates:            each 21 February, 21 May, 21
                                   August and 21 November
Books Close:                       each 16 February, 16 May, 16
                                   August and 16 November
Last day to register:              By 17:00 on 15 February, 15
                                   May,   15    August   and  15
                                   November of each year
Interest Commencement Date:        15 September 2014
Settlement Date:                   15 September 2014
Rating:                            Aaa.za(sf) by Moody’s
                                   Investor Services
Placement Agent:                   The Standard Bank of South
                                   Africa Limited

Date: 15 September 2014
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              SBSA (Sponsor)           (011) 721 8101
Email: mike.brunke@standardbank.co.za

Date: 15/09/2014 02:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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