Wrap Text
Instrument Tap Issues
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: RW21
ISIN: ZAG000085523
Instrument code: RW23
ISIN: ZAG000111246
Instrument code: RW28
ISIN: ZAG000111253
Date: 25 April 2016
(“Rand Water”)
Tap Issues
Tap Amount R 250,000,000.00
Total Amount Following Tap Issue R 1,724,027,977.00
Bond Code RW21
Nominal Issued R 250,000,000.00
Issue Price 99.87528%
Coupon 9.9700%
Coupon Rate Indicator Fixed
Trade Type Yield
Final Maturity Date 21 April 2021
Books Close 11 April, 11 October
Interest Date(s) 21 April, 21 October
Last Day to Register 10 April, 10 October
Issue Date 25 April 2016
Date Convention Following
Interest Commencement Date 21 April 2016
First Interest Date 21 October 2016
ISIN No. ZAG000085523
Additional Information Senior Unsecured Fixed Rate Notes
Tap Amount R 315,000,000.00
Total Amount Following Tap Issue R 1,231,000,000.00
Bond Code RW23
Nominal Issued R 315,000,000.00
Issue Price 98.67849%
Coupon 9.5100%
Coupon Rate Indicator Fixed
Trade Type Yield
Final Maturity Date 10 December 2023
Books Close 31 May, 30 November
Interest Date(s) 10 June, 10 December
Last Day to Register 30 May, 29 November
Issue Date 25 April 2016
Date Convention Following
Interest Commencement Date 10 December 2015
First Interest Date 10 June 2016
ISIN No. ZAG000111246
Additional Information Senior Unsecured Fixed Rate Notes
Tap Amount R 215,000,000.00
Total Amount Following Tap Issue R 1,439,000,000.00
Bond Code RW28
Nominal Issued R 215,000,000.00
Issue Price 99.50472%
Coupon 10.2450%
Coupon Rate Indicator Fixed
Trade Type Yield
Final Maturity Date 10 December 2028
Books Close 31 May, 30 November
Interest Date(s) 10 June, 10 December
Last Day to Register 30 May, 29 November
Issue Date 25 April 2016
Date Convention Following
Interest Commencement Date 10 December 2015
First Interest Date 10 June 2016
ISIN No. ZAG000111253
Additional Information Senior Unsecured Fixed Rate Notes
The JSE Limited has granted approval to Rand Water for a tap
issue in respect of 9.51% 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:
Notes will be deposited in the Central Depository (“CSD”) and
settlement will take place electronically in terms of JSE Rules.
Johannesburg
25 April 2016
Debt Sponsor
The Standard Bank of South Africa Limited
For further information on the Notes issued please contact:
Zoya Sisulu SBSA (011) 721 6032
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: 25/04/2016 09:03:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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