THE SA NATIONAL ROADS AGENCY SOC LTD - SANRAL-Tap Issues

SANRAL-Tap Issues

THE SOUTH AFRICAN NATIONAL ROADS AGENCY SOC LIMITED

Bond Code: HWAY20
ISIN No: ZAG000070301

Bond Code: HWAY23
ISIN No: ZAG000075862

Bond Code: HWAY24
ISIN No: ZAG000079153

Bond Code: HWAY34
ISIN No: ZAG000070319

LISTING OF HWAY20, HWAY23, HWAY24 and HWAY34

The JSE Limited has granted a listing issue to The South African National Roads Agency SOC Limited
“HWAY20, HWAY23, HWAY24 and HWAY34 under its Domestic Medium Term Note Programme dated
30 July 2009 as amended or restated on or about 14 April 2014, effective from 10 November 2014, the first
settlement date.



Authorised Programme size     R31, 910,000,000.00

Total Notes in issue          R 24,340,487,837.00 (following the additional issues)




Additional listing            Total amount in issue following additional issue

R 100,000,000.00              R 7,782,000,000.00



Bond Code                     HWAY20

Nominal Issued                R 100,000,000.00

Issue Price                   110.35355%
Coupon                        9.75%

Trade Type                    Yield

Coupon Rate Indicator         Fixed

Maturity Date                 31 July 2020

Interest Commencement Date    31 July 2014

First Interest Date           31 July 2014

Interest Dates                31 January and 31 July until maturity date

Books Close                   21 January and 21 July until maturity date

Last day to register          By 17:00 on 20 January and 20 July

First Settlement Date         10 November 2014

ISIN No.                      ZAG000070301

Additional Information        Senior Unsecured




Additional listing           Total amount in issue following additional issue

R 150,000,000.00              R 2,283,000,000.00



Bond Code                    HWAY23

Nominal Issued               R 150,000,000.00

Issue Price                  283.2586%

Coupon                       5.50%

Trade Type                   Yield

Coupon Rate Indicator        Fixed

Maturity Date                7 December 2023

Interest Commencement Date   7 June 2014

First Interest Date          7 December 2014
Interest Dates               7 June and 7 December until maturity date

Books Close                  28 May and 27 November until maturity date

Last day to register         By 17:00 on 27 May and 26 November

First Settlement date        10 November 2014

Base CPI                     65.0504032258062

ISIN No.                     ZAG000075862

Date Convention              Following

Additional Information       Senior Unsecured




Additional listings          Total amount in issue following additional issue

R 100,000,000.00             R 779,000,000.00


Bond Code                    HWAY24
Nominal Issued               R 100,000,000.00
Coupon                       5.5%
Trade Type                   Yield-to-maturity
Maturity Date                7 December 2024
Interest Commencement Date   7 June 2014
First Interest Date          7 December 2014
Interest Dates               7 June and 7 December until maturity date
Books Close                  28 May and 27 November until maturity date
Last day to register         By 17:00 on 27 May and 26 November
Issue Price                  289.48996%
First Settlement Date        10 November 2014
Base CPI                     65.0504032258062
Date Convention              Following
ISIN No                      ZAG000079153
Additional Information       Senior Unsecured


Additional listings           Total amount in issue following additional issue

R 65,000,000.00               R 3,871,000,000.00


Bond Code                       HWAY34
Nominal Issued                  R 65,000,000.00
Coupon                          9.25%
Trade Type                      Yield-to-maturity
Maturity Date                   31 July 2034
Interest Commencement Date      31 July 2009
First Interest Date             31 January 2015
Interest Dates                  31 January and 31 July until maturity date
Books Close                     21 July and 21 January until maturity date
Last day to register            By 17:00 on 20 July and 20 January
Issue Price                     100.5425%
First Settlement Date           10 November 2014
Date Convention                 Following
ISIN No                         ZAG000070319




Co-Lead Arranger                Absa Corporate & Investment Bank, a division of Absa Bank Limited

                                FirstRand Bank Limited, acting through it’s Rand Merchant Bank division.

                                Vunani Capital (Proprietary) Limited



Dealers                         Absa Corporate & Investment Bank, a division of Absa Bank Limited, and

                                FirstRand Bank Limited, acting through its Rand Merchant Bank division.




The note will be immobilised in the Central Securities Depository (“CSD”) and settlement will take place electronically in
terms of JSE Rules.
The notes will be immobilised in the Central Securities Depository and settlement will take place electronically
in terms of JSE Rules.


10 November 2014


Debt Sponsor

Absa Bank Limited (acting through its Corporate and Investment Banking division)

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