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SUPERDRIVE INVESTMENTS (RF) LIMITED - New Financial Instrument Listing - SPDA9/SPDA10

Release Date: 29/08/2016 11:10
Code(s): SPDA9 SPDA10     PDF:  
Wrap Text
New Financial Instrument Listing - SPDA9/SPDA10

SuperDrive Investments (RF) Limited
New Financial Instrument Listing Announcement

SuperDrive Investments (RF) Limited – SPDA9, SPDA10

Dated: 29 August 2016
Stock Code: SPDA9, SPDA10
ISIN Code: ZAG000138892, ZAG000138900

The JSE Limited has granted a listing to SuperDrive Investments
(RF) Limited Floating Rate Notes SPDA9 and SPDA10 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                  R4,071,000,000.00

Full Note details are as follows:

Designation of Note:              Class A9 Note
Nominal Issued:                   ZAR 633,000,000
Coupon Rate:                      3 month ZAR-JIBAR-SAFEX, as
                                  at 31 August 2016 plus 163
                                  basis points
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:       31 August 2016
Settlement Date:                  31 August 2016
Rating:                           Aaa.za(sf) by Moody’s
                                  Investor Services
Placement Agent:                  The Standard Bank of South
                                  Africa Limited




Designation of Note:              Class A10 Note
Nominal Issued:                   ZAR 600,000,000,000
Coupon Rate:                      3 month ZAR-JIBAR-SAFEX, as
                                  at 31 August 2016 plus 179
                                  basis points
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:       31 August 2016
Settlement Date:                  31 August 2016
Rating:                           Aaa.za(sf) by Moody’s
                                  Investor Services
Placement Agent:                  The Standard Bank of South
                                  Africa Limited

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: 29/08/2016 11:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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