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New Instruments Listing - TH12A4, TH12A5, TH12A6, TH12B2, TH12C2, TH12D2
The Thekwini Fund 12 (RF) Limited
New Financial Instrument Listing Announcement
Dated: 26 November 2014
Stock Code: TH12A4, TH12A5, TH12A6, TH12B2, TH12C2, TH12D2
ISIN Code: ZAG000121690, ZAG000121708, ZAG000121724,
ZAG000121740, ZAG000121757, ZAG000121765
The JSE Limited has granted a financial instrument listing to The
Thekwini Fund 12 (RF) Limited “TH12A4, TH12A5, TH12B2, TH12C2,
TH12D2” Floating Rate Notes and “TH12A6” Fixed Rate Notes all due 21
February 2048 (Step up and call date 21 August 2019) and issued by
The Thekwini Fund 12 (RF) Limited in terms of its Programme
Memorandum dated on or about 23 September 2014.
Authorised Programme size R 4,000,000,000.00
Total notes issued (incl. this issue) R 1,754,000,000.00
Full Note details are as follows:
Designation of Note: Class A4 Note
Nominal Issued: ZAR 279,000,000.00
Coupon Rate: 7.483% (being 140 bps over 3
month JIBAR of 6.083%)
Coupon Step-Up Rate: 160 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 21 February 2048
First Interest Payment Date: 21 February 2015
Coupon Step-Up Date: 21 August 2019
Interest Payment Dates: 21st February, 21st May, 21st
August and 21st November of
each year
Books Close: 17th February, 17th May, 17th
August and 17th November of
each year
Last day to register: By 17:00 on 16th February, 16th
May, 16th August and 16th
November of each year
Interest Commencement Date: 27th November 2014
Settlement Date: 27th November 2014
Rating: AAA(zaf) by Fitch Ratings
Placement Agent: The Standard Bank of South
Africa Limited
Designation of Note: Class A5 Note
Nominal Issued: ZAR 130,000,000.00
Coupon Rate: 7.833% (being 175 bps over 3
month JIBAR of 6.083%)
Coupon Step-Up Rate: 210 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 21 February 2048
First Interest Payment Date: 21 February 2015
Coupon Step-Up Date: 21 August 2019
Interest Payment Dates: 21st February, 21st May, 21st
August and 21st November of
each year
Books Close: 17th February, 17th May, 17th
August and 17th November of
each year
Last day to register: By 17:00 on 16th February, 16th
May, 16th August and 16th
November of each year
Interest Commencement Date: 27th November 2014
Settlement Date: 27th November 2014
Rating: AAA(zaf) by Fitch Ratings
Placement Agent: The Standard Bank of South
Africa Limited
Designation of Note: Class A6 Note
Nominal Issued: ZAR 300,000,000.00
Coupon Rate: 8.54% per annum
Coupon Step-Up Rate: 210 bps over 3 month JIBAR
Coupon Indicator: Fixed until Coupon Step-Up
Date then Floating thereafter
Maturity Date: 21 February 2048
First Interest Payment Date: 21 February 2015
Coupon Step-Up Date: 21 August 2019
Interest Payment Dates: 21st February and 21st August
of each year until Coupon
Step-up Date then 21st
February, 21st May, 21st August
and 21st November of each year
thereafter
Books Close: 17th February and 17th August
of each year until Coupon
Step-up Date then 17th
February, 17th May, 17th August
and 17th November of each year
thereafter
Last day to register: By 17:00 on 16th February and
16th August of each year until
Coupon Step-up Date the 16th
February, 16th May, 16th August
and 16th November of each year
thereafter
Interest Commencement Date: 27th November 2014
Settlement Date: 27th November 2014
Rating: AAA(zaf) by Fitch Ratings
Placement Agent: The Standard Bank of South
Africa Limited
Designation of Note: Class B2 Note
Nominal Issued: ZAR 60,000,000.00
Coupon Rate: 8.283% (being 220 bps over 3
month JIBAR of 6.083%)
Coupon Step-Up Rate: 260 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 21 February 2048
First Interest Payment Date: 21 February 2015
Coupon Step-Up Date: 21 August 2019
Interest Payment Dates: 21st February, 21st May, 21st
August and 21st November of
each year
Books Close: 17th February, 17th May, 17th
August and 17th November of
each year
Last day to register: By 17:00 on 16th February, 16th
May, 16th August and 16th
November of each year
Interest Commencement Date: 27th November 2014
Settlement Date: 27th November 2014
Rating: A+(zaf) by Fitch Ratings
Placement Agent: The Standard Bank of South
Africa Limited
Designation of Note: Class C1 Note
Nominal Issued: ZAR 35,000,000.00
Coupon Rate: 9.083% (being 300 bps over 3
month JIBAR of 6.083%)
Coupon Step-Up Rate: 300 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 21 February 2048
First Interest Payment Date: 21 February 2015
Coupon Step-Up Date: 21 August 2019
Interest Payment Dates: 21st February, 21st May, 21st
August and 21st November of
each year
Books Close: 17th February, 17th May, 17th
August and 17th November of
each year
Last day to register: By 17:00 on 16th February, 16th
May, 16th August and 6th
November of each year
Interest Commencement Date: 27th November 2014
Settlement Date: 27th November 2014
Rating: BBB-(zaf) by Fitch Ratings
Placement Agent: The Standard Bank of South
Africa Limited
Designation of Note: Class D2 Note
Nominal Issued: ZAR 20,000,000.00
Coupon Rate: 12.333% (being 625 bps over 3
month JIBAR of 6.083%)
Coupon Step-Up Rate: 625 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 21 February 2048
First Interest Payment Date: 21 February 2015
Coupon Step-Up Date: 21 August 2019
Interest Payment Dates: 21st February, 21st May, 21st
August and 21st November of
each year
Books Close: 17th February, 17th May, 17th
August and 17th November of
each year
Last day to register: By 17:00 on 16th February, 16th
May, 16th August and 16th
November of each year
Interest Commencement Date: 27th November 2014
Settlement Date: 27th November 2014
Rating: not rated
Placement Agent: The Standard Bank of South
Africa Limited
Date: 26 November 2014
Sponsor: The Standard Bank of South Africa
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: 26/11/2014 09:36:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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