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SUPERDRIVE INVESTMENTS (RF) LIMITED - SuperDrive - SPDA7 and SPDA8 Listing

Release Date: 27/05/2016 13:00
Code(s): SPDA7 SPDA8     PDF:  
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SuperDrive - SPDA7 and SPDA8 Listing

SuperDrive Investments (RF) Limited
New Financial Instrument Listing Announcement

SuperDrive Investments (RF) Limited – SPDA7, SPDA8

Dated: 30 May 2015
Stock Code: SPDA7, SPDA8
ISIN Code: ZAG000135807, ZAG000135872

The JSE Limited has granted a listing to SuperDrive Investments
(RF) Limited Floating Rate Notes SPDA7 and SPDA8 due (Legal
Maturity) 21 August 2024 and 21 August 2026 respectively -
sponsored by The Standard Bank of South Africa Limited (acting
through its Corporate and Investment Banking Division), under
its Asset Backed Note Programme.

Authorised Programme size           R10,000,000,000.00
Total notes issued                  R3,912,000,000.00

Full Note details are as follows:

Designation of Note:                Class A7 Note
Nominal Issued:                     ZAR 299,000,000
Coupon Rate:                        8.88% (being 158 bps over 3
                                    month JIBAR of 7.3%)
Coupon Step-Up Rate:                40 bps plus coupon
Coupon Indicator:                   Floating
Scheduled Maturity Date:            21 August 2019
First Interest Payment Date:        21 August 2016
Coupon Step-Up Date:                21 August 2019
Interest Payment Dates:             each 21 February, 21 May, 21
                                    August and 21 November
Books Close:                        16 to 21 February, 16 to 21
                                    May, 16 to 21 August and 16
                                    to 21 November of each year.

Last day to register:               The Business Day immediately
                                    preceding each Books Closed
                                    Period, which shall mean that
                                    the Register will be closed
                                    from   each    Last     Day   to
                                    Register    to      the     next
                                    applicable Payment Date

Interest Commencement Date:         30 May 2016
Settlement Date:                    30 May 2016
Rating:                           Aaa.za(sf) by Moody’s
                                  Investor Services
Placement Agent:                  The Standard Bank of South
                                  Africa Limited




Designation of Note:              Class A8 Note
Nominal Issued:                   ZAR 910,000,000,000
Coupon Rate:                      9.15% (being 185 bps over 3
                                  month JIBAR of 7.3%)
Coupon Step-Up Rate:              50 bps plus coupon
Coupon Indicator:                 Floating
Scheduled Maturity Date:          21 August 2021
First Interest Payment Date:      21 August 2016
Coupon Step-Up Date:              21 August 2021
Interest Payment Dates:           each 21 February, 21 May, 21
                                  August and 21 November
Books Close:                      16 to 21 February, 16 to 21
                                  May, 16 to 21 August and 16
                                  to 21 November of each year.
Last day to register:             The Business Day immediately
                                  preceding each Books Closed
                                  Period, which shall mean that
                                  the Register will be closed
                                  from   each    Last     Day   to
                                  Register    to      the     next
                                  applicable Payment Date
Interest Commencement Date:       30 May 2016
Settlement Date:                  30 May 2016
Rating:                           Aaa.za(sf) by Moody’s
                                  Investor Services
Placement Agent:                  The Standard Bank of South
                                  Africa Limited

Date: 27 May 2016
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              SBSA (Sponsor)           (011) 721 8101
Email: mike.brunke@standardbank.co.za

Date: 27/05/2016 01:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
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