RAND WATER BOARD - Tap Issue Announcement - RW28

RAND WATER BOARD

(Rand Water is established in terms of the Water Services Act,

1997 (the 'Act'). The Government of the Republic of South

Africa, through the Department of Water and Sanitation and duly

represented by the Minister of Water and Sanitation, is the sole

shareholder of Rand Water.   In terms of the Act, Rand Water's

primary activity is the provision of bulk water supply services

(potable bulk water and sanitation services) within the
predetermined service area.)

Instrument code: RW28
ISIN: ZAG000111253
Dated: 20 March 2015
('Rand Water')


Tap Issue Announcement


The JSE Limited has granted a Rand Water a tap issue in respect

of the 10.245% Senior Unsecured Fixed Rate Notes under its

Domestic Medium Term Note Programme dated 9 December 2010, as
amended and/or supplemented from time to time.

Full Note details are as follows:


Authorised Programme size            R5,000,000,000.00
Stock Code:                          RW28

Aggregate Nominal Amount: Series:    ZAR 1,224,000,000.00

Aggregate Nominal Amount: Tranche:   ZAR 559,000,000.00
Coupon Indicator:                    Fixed Rate
Fixed Interest Rate:                 10.245%

Issue Price:                         100% of the aggregate Nominal

                                     Amount of the Additional RW28

                                     Notes plus a premium equal to

                                     the Accrued Interest

Maturity Date:                       10 December 2028
First Interest Payment Date:         10 June 2015

Interest Payment Dates:              10 June and 10 December in

                                     each year up to and including

                                     the Maturity Date

Books Close:                         The Register will be closed

                                     from 31 May to 9 June and

                                     from 30 November to 9

                                     December in each year until

                                     the Maturity Date

Last day to register:                by 17h00 on 30 May and 29

                                     November of each year

Interest Commencement Date:          10 December 2013
Issue Date/Settlement:               23 March 2015




Notes will be deposited in the Central Depository ('CSD') and

settlement will take place electronically in terms of JSE Rules.

Johannesburg
20 March 2015

Debt Sponsor
The Standard Bank of South Africa Limited


For further information on the Notes issued please contact:

Alexi Contogiannis       SBSA                (011) 721 8003


Lucky Ncobela             Rand Water             (011) 682 0318

Rand Water information:

522 Impala Road, Glenvista, 2058, Johannesburg, Gauteng, South
Africa
PO Box 1127, Johannesburg, 2000
Tel: +27 11 682 0318
Fax: +27 11 682 0673
www.randwater.co.za


Date: 20/03/2015 05:41:00 Supplied by www.sharenet.co.za                     
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