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PREMIUM PROPERTIES LIMITED - New Financial Listing: PMM27 - 13 May 2016

Release Date: 13/05/2016 10:25
Code(s): PMM27     PDF:  
Wrap Text
New Financial Listing: PMM27 - 13 May 2016

PREMIUM PROPERTIES LIMITED

(Incorporated in the Republic of South Africa)

(Registration number 1994/003601/06)

("Premium" or "the company")

Stock Code:   PMM27
ISIN Code:    ZAG000136490

New Financial Instrument Listing Announcement


The JSE Limited has granted a listing to Premium, a wholly
owned subsidiary of Octodec Investments Limited, the guarantor
of the listed debt obligations of Premium on the Interest Rate
Market. The listing is effective from 13 May 2016 under
Premium’s Domestic Medium Term Note Programme dated 23
February 2015.

Authorised Programme size      R3,000,000,000.00
Total Notes Outstanding        R 725,000,000.00

INSTRUMENT TYPE:             COMMERCIAL PAPER FLOATING RATE NOTE

Bond Code                        PMM27
Nominal Issued                   R 70,000,000.00
Issue Price                      100%
Coupon                           8.408% (3 Month JIBAR as at 10
                                 May 2016 of 7.308% plus 110 bps)
Coupon Rate Indicator            Floating
Trade Type                       Price
Final Maturity Date              25 November 2016
Books Close                      15 May 2016, 15 August 2016, 15
                                 November 2016
Interest Payment Date(s)         25 May 2016, 25 August 2016, 25
                                 November 2016
Last Day to Register             By 17:00 on 14 May 2016, 14
                                 August 2016 and 14 November 2016
Issue Date                       13 May 2016
Date Convention                  Modified Following
Interest Commencement Date       13 May 2016
First Interest Payment Date      25 May 2016
ISIN No.                         ZAG000136490
Additional Information           Senior Unsecured
Applicable Pricing Supplement
https://www.jse.co.za/content/JSEPricingSupplementsItems/2014/
BondDocuments/PMM27%20Pricing%20Supplement%2013052016.PDF

The note will be immobilised in the Central Securities
Depository   (“CSD”)    and   settlement will take place
electronically in terms of JSE Rules.


13th May 2016

Sponsor: Nedbank Corporate and Investment Banking, a division
of Nedbank Limited

Date: 13/05/2016 10:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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