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THE THEKWINI FUND 13 - NEW FINANCIAL INSTRUMENT LISTING
The Thekwini Fund 13 (RF) Limited
New Financial Instrument Listing Announcement
Dated: 27 July 2016
Stock Code: T13A18, T13A19, T13A20, TH13B5, TH13C5, TH13D5
ISIN Code: ZAG000137837, ZAG000137845, ZAG000137852, ZAG000137860,
ZAG000137878, ZAG000137886
The JSE Limited has granted a financial instrument listing to The
Thekwini Fund 13 (RF) Limited “T13A18, T13A19, TH13B5, TH13C5,
TH13D5” Floating Rate Notes and “T13A20” Fixed Rate Notes all due
21 August 2050 (Step up and call date 21 August 2020, except for
T13A18 which has 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 3,981,000,000.00
Full Note details are as follows:
Designation of Note: Class A18 Note
Nominal Issued: ZAR 340,000,000.00
Coupon Rate: 8.950% (being 160 bps over 3 month
JIBAR of 7.350%)
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: 27th July 2016
Settlement Date: 27th July 2016
Rating: Aaa.za by Moodys Investors Service
Stock code: T13A18
ISIN: ZAG000137837
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class A19 Note
Nominal Issued: ZAR 497,000,000.00
Coupon Rate: 9.200% (being 185 bps over 3 month
JIBAR of 7.350%)
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: 27th July 2016
Settlement Date: 27th July 2016
Rating: Aaa.za by Moodys Investor Services
Stock code: T13A19
ISIN: ZAG000137845
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class A20 Note
Nominal Issued: ZAR 200,000,000.00
Coupon Rate: 9.74% 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: 27th July 2016
Settlement Date: 27th July 2016
Rating: Aaa.za by Moodys Investors Service
Stock code: T13A20
ISIN: ZAG000137852
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class B5 Note
Nominal Issued: ZAR 59,000,000.00
Coupon Rate: 9.520% (being 217 bps over 3 month
JIBAR of 7.350%)
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: 27th July 2016
Settlement Date: 27th July 2016
Rating: Aa1.za by Moodys Investors Service
Stock code: TH13B5
ISIN: ZAG000137860
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class C5 Note
Nominal Issued: ZAR 52,000,000.00
Coupon Rate: 10.800% (being 345 bps over 3 month
JIBAR of 7.350%)
Coupon Step-Up Rate: 345 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: 27th July 2016
Settlement Date: 27th July 2016
Rating: Baa3.za by Moodys Investors Service
Stock code: TH13C5
ISIN: ZAG000137878
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class D5 Note
Nominal Issued: ZAR 25,000,000.00
Coupon Rate: 13.750% (being 640 bps over 3 month
JIBAR of 7.350%)
Coupon Step-Up Rate: 645 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: 27th July 2016
Settlement Date: 27th July 2016
Rating: Not rated
Stock code: TH13D5
ISIN: ZAG000137886
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 of
Home Loans to discharge a portion of its obligation under its
revolving credit facility with The Standard Bank of South Africa
Limited.
Date: 27 July 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:
Abdul Khaliq Ismail, The Standard Bank of South Africa (Sponsor)
(011) 721 8806
Email: abdul.khaliq.ismail@standardbank.co.za
Date: 27/07/2016 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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