Wrap Text
New Financial Instrument Listing Announcement
Transsec 2 (RF) Limited
New Financial Instrument Listing Announcement
Dated: 8 August 2016
Stock Codes:
TRA2A4 - ZAG000138116
TRA2A5 - ZAG000138124
TRA2A6 - ZAG000138132
TRA2B2 - ZAG000138140
TRA2C2 - ZAG000138157
TRA2D2 - ZAG000138165
The JSE Limited has granted a financial instrument listing to
Transsec 2 (RF) Limited “TRA2A4, TRA2A5, TRA2B2, TRA2C2, TRAD2”
Floating Rate Notes and “TRA2A6” Fixed Rate Notes all due 14
December 2025 in terms of its Programme Memorandum dated on or
about 6 November 2015.
Authorised Programme size R 4,000,000,000.00
Total notes issued (incl. this issue) R 847,000,000.00
Full Note details are as follows:
Designation of Note: Class A4 Note
Nominal Issued: ZAR 125,000,000.00
Coupon Rate: 8.808% (being 145 bps over 3
month JIBAR of 7.358%)
Coupon Step-Up Rate: 181.3 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 14 December 2025
First Interest Payment Date: 14 September 2016
Coupon Step-Up Date: 14 December 2018
Interest Payment Dates: 14th March, 14th June, 14th
September and 14th December of
each year
Books Close: 6th March, 6th June, 6th
September and 6th December of
each year
Last day to register: By 17:00 on 5th March, 5th
June, 5th September and 5th
December of each year
Interest Commencement Date: 8 August 2016
Settlement Date: 8 August 2016
Rating: zaAAA (sf) by S&P Global
Ratings (“S&P”)
Designation of Note: Class A5 Note
Nominal Issued: ZAR 40,000,000.00
Coupon Rate: 9.208% (being 185 bps over 3
month JIBAR of 7.358%)
Coupon Step-Up Rate: 231.3 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 14 December 2025
First Interest Payment Date: 14 September 2016
Coupon Step-Up Date: 14 December 2020
Interest Payment Dates: 14th March, 14th June, 14th
September and 14th December of
each year
Books Close: 6th March, 6th June, 6th
September and 6th December of
each year
Last day to register: By 17:00 on 5th March, 5th
June, 5th September and 5th
December of each year
Interest Commencement Date: 8 August 2016
Settlement Date: 8 August 2016
Rating: zaAAA (sf) by S&P
Designation of Note: Class A6 Note
Nominal Issued: ZAR 100,000,000.00
Coupon Rate: 9.69% per annum
Coupon Step-Up Rate: 231.3 bps over 3 month JIBAR
Coupon Indicator: Fixed until Coupon Step-Up
Date then Floating thereafter
Maturity Date: 14 December 2025
First Interest Payment Date: 14 December 2016
Coupon Step-Up Date: 14 December 2020
Interest Payment Dates: 14th June and 14th December
of each year until Coupon
Step-up Date then 14th March,
14th June, 14th September and
14th December of each year
thereafter
Books Close: 6th June and 6th December of
each year until Coupon Step-
up Date then 6th March, 6th
June, 6th September and 6th
December of each year
thereafter
Last day to register: By 17:00 on 5th June and 5th
December of each year until
Coupon Step-up Date and by
17:00 on 5th March, 5th June,
5th September and 5th December
thereafter
Interest Commencement Date: 8 August 2016
Settlement Date: 8 August 2016
Rating: zaAAA (sf) by S&P
Designation of Note: Class B2 Note
Nominal Issued: ZAR 105,000,000.00
Coupon Rate: 10.108% (being 275 bps over 3
month JIBAR of 7.358%)
Coupon Step-Up Rate: 343.8 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 14 December 2025
First Interest Payment Date: 14 September 2016
Coupon Step-Up Date: 14 December 2020
Interest Payment Dates: 14th March, 14th June, 14th
September and 14th December of
each year
Books Close: 6th March, 6th June, 6th
September and 6th December of
each year
Last day to register: By 17:00 on 5th March, 5th
June, 5th September and 5th
December of each year
Interest Commencement Date: 8 August 2016
Settlement Date: 8 August 2016
Rating: zaA (sf) by S&P
Designation of Note: Class C2 Note
Nominal Issued: ZAR 79,000,000.00
Coupon Rate: 11.558% (being 420 bps over 3
month JIBAR of 7.358%)
Coupon Step-Up Rate: 525 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 14 December 2025
First Interest Payment Date: 14 September 2016
Coupon Step-Up Date: 14 December 2020
Interest Payment Dates: 14th March, 14th June, 14th
September and 14th December of
each year
Books Close: 6th March, 6th June, 6th
September and 6th December of
each year
Last day to register: By 17:00 on 5th March, 5th
June, 5th September and 5th
December of each year
Interest Commencement Date: 8 August 2016
Settlement Date: 8 August 2016
Rating: zaBBB (sf) by S&P
Designation of Note: Class D2 Note
Nominal Issued: ZAR 2,000,000.00
Coupon Rate: 14.158% (being 680 bps over 3
month JIBAR of 7.358%)
Coupon Step-Up Rate: 850 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 14 December 2025
First Interest Payment Date: 14 September 2016
Coupon Step-Up Date: 14 December 2020
Interest Payment Dates: 14th March, 14th June, 14th
September and 14th December of
each year
Books Close: 6th March, 6th June, 6th
September and 6th December of
each year
Last day to register: By 17:00 on 5th March, 5th
June, 5th September and 5th
December of each year
Interest Commencement Date: 8 August 2016
Settlement Date: 8 August 2016
Rating: N/A
Co-arrangers: The Standard Bank of South Africa Limited
(“Standard Bank”) and SA Taxi Development Finance Proprietary
Limited
Placement Agent: Standard Bank
Debt Sponsor: Standard Bank
Notes will be deposited in the Central Depository (“CSD”) and
settlement will take place electronically in terms of the JSE
Rules.
Further information on the Note issued please contact:
Nicholas Gunning
Standard Bank
(011) 721 7112
Email: nicholas.gunning@standardbank.co.za
Date: 05/08/2016 12:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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