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New Financial Instrument Listing Announcement - TH13A1, TH13A2, TH13A3, TH13A4, TH13B1, TH13C1, TH13D1
The Thekwini Fund 13 (RF) Limited
New Financial Instrument Listing Announcement
Dated: 27 August 2015
Stock Code: TH13A1, TH13A2, TH13A3, TH13A4, TH13B1, TH13C1, TH13D1
ISIN Code: ZAG000129099, ZAG000129107, ZAG000129115, ZAG000129123,
ZAG000129131, ZAG000129149, ZAG000129156
The JSE Limited has granted a financial instrument listing to The
Thekwini Fund 13 (RF) Limited “TH13A1, TH13A2, TH13A3, TH13B1,
TH13C1, TH13D1” Floating Rate Notes and “TH13A4” Fixed Rate Notes
all due 21 August 2050 (Step up and call date 21 August 2020,
except for TH13A1 and TH13A2 which both have a Step up and call
date of 21 August 2018) and issued by The Thekwini Fund 13 (RF)
Limited in terms of its Programme Memorandum dated on or about 25
August 2015.
Authorised Programme size R 4,000,000,000.00
Total notes issued (incl. this issue) R 642,000,000.00
Full Note details are as follows:
Designation of Note: Class A1 Note
Nominal Issued: ZAR 165,000,000.00
Coupon Rate: 7.47% (being 117 bps over 3 month
JIBAR of 6.30%)
Coupon Step-Up Rate: 152 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 21 August 2050
First Interest Payment Date: 21 November 2015
Coupon Step-Up Date: 21 August 2018
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: 28th August 2015
Settlement Date: 28th August 2015
Rating: AAA(zaf) by Fitch Ratings
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class A2 Note
Nominal Issued: ZAR 90,000,000.00
Coupon Rate: 7.69% (being 139 bps over 3 month
JIBAR of 6.30%)
Coupon Step-Up Rate: 181 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 21 August 2050
First Interest Payment Date: 21 November 2015
Coupon Step-Up Date: 21 August 2018
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: 28th August 2015
Settlement Date: 28th August 2015
Rating: AAA(zaf) by Fitch Ratings
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class A3 Note
Nominal Issued: ZAR 216,000,000.00
Coupon Rate: 8.05% (being 175 bps over 3 month
JIBAR of 6.30%)
Coupon Step-Up Rate: 228 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 21 August 2050
First Interest Payment Date: 21 November 2015
Coupon Step-Up Date: 21 August 2020
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: 28th August 2015
Settlement Date: 28th August 2015
Rating: AAA(zaf) by Fitch Ratings
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class A4 Note
Nominal Issued: ZAR 56,000,000.00
Coupon Rate: 9.32% per annum
Coupon Step-Up Rate: 228 bps over 3 month JIBAR
Coupon Indicator: Fixed until Coupon Step-Up Date
then Floating thereafter
Maturity Date: 21 August 2050
First Interest Payment Date: 21 February 2016
Coupon Step-Up Date: 21 August 2020
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
Interest Commencement Date: 28th August 2015
Settlement Date: 28th August 2015
Rating: AAA(zaf) by Fitch Ratings
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class B1 Note
Nominal Issued: ZAR 60,000,000.00
Coupon Rate: 8.50% (being 220 bps over 3 month
JIBAR of 6.30%)
Coupon Step-Up Rate: 286 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 21 August 2050
First Interest Payment Date: 21 November 2015
Coupon Step-Up Date: 21 August 2020
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: 28th August 2015
Settlement Date: 28th August 2015
Rating: A+(zaf) by Fitch Ratings
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class C1 Note
Nominal Issued: ZAR 40,000,000.00
Coupon Rate: 9.20% (being 290 bps over 3 month
JIBAR of 6.30%)
Coupon Step-Up Rate: 290 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 21 August 2050
First Interest Payment Date: 21 November 2015
Coupon Step-Up Date: 21 August 2020
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: 28th August 2015
Settlement Date: 28th August 2015
Rating: BBB-(zaf) by Fitch Ratings
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class D1 Note
Nominal Issued: ZAR 15,000,000.00
Coupon Rate: 12.50% (being 620 bps over 3 month
JIBAR of 6.30%)
Coupon Step-Up Rate: 620 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 21 August 2050
First Interest Payment Date: 21 November 2015
Coupon Step-Up Date: 21 August 2020
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: 28th August 2015
Settlement Date: 28th August 2015
Rating: Not rated
Placement Agent: The Standard Bank of South Africa
Limited
Date: 27 August 2015
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 Standard Bank (Sponsor) (011) 721 8101
Email: mike.brunke@standardbank.co.za
Date: 27/08/2015 12:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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