Wrap Text
New Financial Instrument Listing Announcement
The Thekwini Fund 13 (RF) Limited
New Financial Instrument Listing Announcement
Dated: 23 May 2016
Stock Code: T13A13, T13A14, T13A15, T13A16, TH13B4, TH13C4, TH13D4
ISIN Code: ZAG000136482, ZAG000136474, ZAG000136466, ZAG000136458,
ZAG000136441, ZAG000136433, ZAG000136425
The JSE Limited has granted a financial instrument listing to The
Thekwini Fund 13 (RF) Limited “T13A13, T13A14, T13A15, TH13B4,
TH13C4, TH13D4” Floating Rate Notes and “T13A16” Fixed Rate Notes
all due 21 August 2050 (Step up and call date 21 August 2020,
except for T13A13 and T13A14 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 2,808,000,000.00
Full Note details are as follows:
Designation of Note: Class A13 Note
Nominal Issued: ZAR 116,000,000.00
Coupon Rate: 8.550% (being 125 bps over 3 month
JIBAR of 7.300%)
Coupon Step-Up Rate: 152 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 21 August 2050
First Interest Payment Date: 21 August 2016
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: 23rd May 2016
Settlement Date: 23rd May 2016
Rating: Aaa.za by Moodys Investors Service
Stock code: T13A13
ISIN: ZAG000136482
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class A14 Note
Nominal Issued: ZAR 64,000,000.00
Coupon Rate: 8.900% (being 160 bps over 3 month
JIBAR of 7.300%)
Coupon Step-Up Rate: 181 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 21 August 2050
First Interest Payment Date: 21 August 2016
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: 23rd May 2016
Settlement Date: 23rd May 2016
Rating: Aaa.za by Moodys Investors Service
Stock code: T13A14
ISIN: ZAG000136474
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class A15 Note
Nominal Issued: ZAR 59,000,000.00
Coupon Rate: 9.250% (being 195 bps over 3 month
JIBAR of 7.300%)
Coupon Step-Up Rate: 228 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 21 August 2050
First Interest Payment Date: 21 August 2016
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: 23rd May 2016
Settlement Date: 23rd May 2016
Rating: Aaa.za by Moodys Investor Services
Stock code: T13A15
ISIN: ZAG000136466
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class A16 Note
Nominal Issued: ZAR 250,000,000.00
Coupon Rate: 10.31% 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 August 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 then 16th February,
16th May, 16th August and 16th
November thereafter
Interest Commencement Date: 23rd May 2016
Settlement Date: 23rd May 2016
Rating: Aaa.za by Moodys Investors Service
Stock code: T13A16
ISIN: ZAG000136458
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class B4 Note
Nominal Issued: ZAR 35,000,000.00
Coupon Rate: 9.600% (being 230 bps over 3 month
JIBAR of 7.300%)
Coupon Step-Up Rate: 286 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 21 August 2050
First Interest Payment Date: 21 August 2016
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: 23rd May 2016
Settlement Date: 23rd May 2016
Rating: Aa1.za by Moodys Investors Service
Stock code: TH13B4
ISIN: ZAG000136441
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class C4 Note
Nominal Issued: ZAR 24,000,000.00
Coupon Rate: 10.500% (being 320 bps over 3 month
JIBAR of 7.300%)
Coupon Step-Up Rate: 320 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 21 August 2050
First Interest Payment Date: 21 August 2016
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: 23rd May 2016
Settlement Date: 23rd May 2016
Rating: Baa3.za by Moodys Investors Service
Stock code: TH13C4
ISIN: ZAG000136433
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class D4 Note
Nominal Issued: ZAR 12,000,000.00
Coupon Rate: 13.650% (being 635 bps over 3 month
JIBAR of 7.300%)
Coupon Step-Up Rate: 635 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 21 August 2050
First Interest Payment Date: 21 August 2016
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: 23rd May 2016
Settlement Date: 23rd May 2016
Rating: Not rated
Stock code: TH13D4
ISIN: ZAG000136425
Placement Agent: The Standard Bank of South Africa
Limited
The net proceeds of the issue of the notes described above will be
used to fund the Reserve Fund and purchase additional Home Loans
from the Seller who will in turn use the proceeds from the sale to
discharge a portion of its obligation under its revolving credit
facility with The Standard Bank of South Africa Limited.
Date: 23 May 2016
Sponsor: The Standard Bank of South Africa
Limited
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, The Standard Bank of South Africa (Sponsor)
(011) 721 8101
Email: mike.brunke@standardbank.co.za
Date: 23/05/2016 11:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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