Wrap Text
New Instruments Listing
Transsec 2 (RF) Limited
(previously known as Transsec 2 (Proprietary) Limited)
New Financial Instrument Listing Announcement
Dated: 12 November 2015
Stock Codes:
TRA2A1 - ZAG000131087
TRA2A2 - ZAG000131095
TRA2A3 - ZAG000131103
TRA2B1 - ZAG000131111
TRA2C1 – ZAG000131129
TRA2D1 - ZAG000131137
The JSE Limited has granted a financial instrument listing to
Transsec 2 (RF) Limited “TRA2A1, TRA2A2, TRA2B1, TRA2C1, TRAD1”
Floating Rate Notes and “TRA2A3” Fixed Rate Notes all due 14
December 2025 in terms of its Programme Memorandum dated on or
about 6 November 2015.
Authorised Programme size R 4,000,000,000.00
Total notes issued (incl. this issue) R 396,000,000.00
Full Note details are as follows:
Designation of Note: Class A1 Note
Nominal Issued: ZAR 148,000,000.00
Coupon Rate: 7.757% (being 144 bps over 3
month JIBAR of 6.317%)
Coupon Step-Up Rate: 180 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 14 December 2025
First Interest Payment Date: 14 March 2016
Coupon Step-Up Date: 14 December 2018
Interest Payment Dates: 14th March, 14th June, 14th
September and 14th December of
each year
Books Close: 6th March, 6th June, 6th
th
September and 6 December of
each year
Last day to register: By 17:00 on 5th March, 5th
June, 5th September and 5th
December of each year
Interest Commencement Date: 13 November 2015
Settlement Date: 13 November 2015
Rating: zaAAA (sf) by Standard and
Poors’ Rating Services
(“S&P”)
Designation of Note: Class A2 Note
Nominal Issued: ZAR 25,000,000.00
Coupon Rate: 8.167% (being 185 bps over 3
month JIBAR of 6.317%)
Coupon Step-Up Rate: 231 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 14 December 2025
First Interest Payment Date: 14 March 2016
Coupon Step-Up Date: 14 December 2020
Interest Payment Dates: 14th March, 14th June, 14th
September and 14th December of
each year
Books Close: 6th March, 6th June, 6th
September and 6th December of
each year
Last day to register: By 17:00 on 5th March, 5th
June, 5th September and 5th
December of each year
Interest Commencement Date: 13 November 2015
Settlement Date: 13 November 2015
Rating: zaAAA (sf) by S&P
Designation of Note: Class A3 Note
Nominal Issued: ZAR 61,000,000.00
Coupon Rate: 9.67% per annum
Coupon Step-Up Rate: 231 bps over 3 month JIBAR
Coupon Indicator: Fixed until Coupon Step-Up
Date then Floating thereafter
Maturity Date: 14 December 2025
First Interest Payment Date: 14 June 2016
Coupon Step-Up Date: 14 December 2020
Interest Payment Dates: 14th June and 14th December
of each year until Coupon
Step-up Date then 14th March,
14th June, 14th September and
14th December of each year
thereafter
Books Close: 6th June and 6th December of
each year until Coupon Step-
up Date then 6th March, 6th
June, 6th September and 6th
December of each year
thereafter
Last day to register: By 17:00 on 5th June and 5th
December of each year until
Coupon Step-up Date and by
17:00 on 5th March, 5th June,
5th September and 5th December
thereafter
Interest Commencement Date: 13 November 2015
Settlement Date: 13 November 2015
Rating: zaAAA (sf) by S&P
Designation of Note: Class B1 Note
Nominal Issued: ZAR 73,000,000.00
Coupon Rate: 8.817% (being 250 bps over 3
month JIBAR of 6.317%)
Coupon Step-Up Rate: 313 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 14 December 2025
First Interest Payment Date: 14 March 2016
Coupon Step-Up Date: 14 December 2020
Interest Payment Dates: 14th March, 14th June, 14th
September and 14th December of
each year
Books Close: 6th March, 6th June, 6th
September and 6th December of
each year
Last day to register: By 17:00 on 5th March, 5th
June, 5th September and 5th
December of each year
Interest Commencement Date: 13 November 2015
Settlement Date: 13 November 2015
Rating: zaA (sf) by S&P
Designation of Note: Class C1 Note
Nominal Issued: ZAR 14,000,000.00
Coupon Rate: 10.117% (being 380 bps over 3
month JIBAR of 6.317%)
Coupon Step-Up Rate: 475 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 14 December 2025
First Interest Payment Date: 14 March 2016
Coupon Step-Up Date: 14 December 2020
Interest Payment Dates: 14th March, 14th June, 14th
September and 14th December of
each year
Books Close: 6th March, 6th June, 6th
September and 6th December of
each year
Last day to register: By 17:00 on 5th March, 5th
June, 5th September and 5th
December of each year
Interest Commencement Date: 13 November 2015
Settlement Date: 13 November 2015
Rating: zaBBB (sf) by S&P
Designation of Note: Class D1 Note
Nominal Issued: ZAR 75,000,000.00
Coupon Rate: 13.117% (being 680 bps over 3
month JIBAR of 6.317%)
Coupon Step-Up Rate: 850 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 14 December 2025
First Interest Payment Date: 14 March 2016
Coupon Step-Up Date: 14 December 2020
Interest Payment Dates: 14th March, 14th June, 14th
September and 14th December of
each year
Books Close: 6th March, 6th June, 6th
September and 6th December of
each year
Last day to register: By 17:00 on 5th March, 5th
June, 5th September and 5th
December of each year
Interest Commencement Date: 13 November 2015
Settlement Date: 13 November 2015
Rating: N/A
Co-arrangers: The Standard Bank of South Africa Limited
(“Standard Bank”) and SA Taxi Development Finance Proprietary
Limited
Placement Agent: Standard Bank
Debt Sponsor: Standard Bank
Notes will be deposited in the Central Depository (“CSD”) and
settlement will take place electronically in terms of the JSE
Rules.
Further information on the Note issued please contact:
Nicholas Gunning
Standard Bank
(011) 721 7112
Email: nicholas.gunning@standardbank.co.za
Date: 12/11/2015 02:52:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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