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New Instruments Listing - TH14A1, TH14A2, TH14A3, TH14A4, TH14B1, TH14C1, TH14D1
The Thekwini Fund 14 (RF) Limited
(“Thekwini 14”)
New Financial Instrument Listing Announcement
Dated: 16 November 2016
Stock Codes: TH14A1, TH14A2, TH14A3, TH14A4, TH14B1, TH14C1,
TH14D1
ISIN Codes: ZAG000140435, ZAG000140443, ZAG000140450,
ZAG000140468, ZAG000140476, ZAG000140484, ZAG000140492
The JSE Limited has granted Thekwini 14 the listing of its:
- “TH14A1” Floating Rate Notes due 21 November 2017; and
- “TH14A2, TH14A3, TH14B1, TH14C1, TH14D1” Floating Rate Notes;
and “TH14A4” Fixed Rate Notes all due 21 November 2051 (Step
up and call date 21 November 2021, except for TH14A2 which
have a Step up and call date of 21 November 2019)
and issued in terms of its ZAR4,000,000,000 Asset Backed Note
Programme dated on or about 14 November 2016.
Total notes issued (incl. this issue) ZAR 1,210,000,000
Full Note details are as follows:
Designation of Note: Class A1 Note
Nominal Issued: ZAR 108,000,000
Coupon Rate: 8.21% (being 85 bps over 3 month
JIBAR of 7.358%)
Coupon Step-Up Rate: N/A
Coupon Indicator: Floating
Final Redemption Date: 21 November 2017
First Interest Payment Date: 21 February 2017
Coupon Step-Up Date: N/A
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: 17 November 2016
Settlement Date: 17 November 2016
Rating: Aaa.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class A2 Note
Nominal Issued: ZAR 610,000,000
Coupon Rate: 8.96% (being 160 bps over 3 month
JIBAR of 7.358%)
Coupon Step-Up Rate: 208 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 November 2051
First Interest Payment Date: 21 February 2017
Coupon Step-Up Date: 21 November 2019
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: 17 November 2016
Settlement Date: 17 November 2016
Rating: Aaa.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class A3 Note
Nominal Issued: ZAR 250,000,000
Coupon Rate: 9.25% (being 189 bps over 3 month
JIBAR of 7.358%)
Coupon Step-Up Rate: 246 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 November 2051
First Interest Payment Date: 21 February 2017
Coupon Step-Up Date: 21 November 2021
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: 17 November 2016
Settlement Date: 17 November 2016
Rating: Aaa.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class A4 Note
Nominal Issued: ZAR 112,000,000
Coupon Rate: 10.098% per annum
Coupon Step-Up Rate: 246 bps over 3 month JIBAR
Coupon Indicator: Fixed until Coupon Step-Up Date
then Floating thereafter
Final Redemption Date: 21 November 2051
First Interest Payment Date: 21 May 2017
Coupon Step-Up Date: 21 November 2021
Interest Payment Dates: 21st May and 21st November 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 May and 17th November 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 May and 16th
November of each year until Coupon
Step-up Date then 16th February,
16th May, 16th August and 16th
November of each year thereafter
Interest Commencement Date: 17 November 2016
Settlement Date: 17 November 2016
Rating: Aaa.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class B1 Note
Nominal Issued: ZAR 42,000,000
Coupon Rate: 9.86% (being 250 bps over 3 month
JIBAR of 7.358%)
Coupon Step-Up Rate: 325 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 November 2051
First Interest Payment Date: 21 February 2017
Coupon Step-Up Date: 21 November 2021
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: 17 November 2016
Settlement Date: 17 November 2016
Rating: Aa1.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class C1 Note
Nominal Issued: ZAR 52,000,000
Coupon Rate: 10.36% (being 300 bps over 3 month
JIBAR of 7.358%)
Coupon Step-Up Rate: 300 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 November 2051
First Interest Payment Date: 21 February 2017
Coupon Step-Up Date: 21 November 2021
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: 17 November 2016
Settlement Date: 17 November 2016
Rating: A2.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class D1 Note
Nominal Issued: ZAR 36,000,000
Coupon Rate: 13.36% (being 600 bps over 3 month
JIBAR of 7.358%)
Coupon Step-Up Rate: 600 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 November 2051
First Interest Payment Date: 21 February 2017
Coupon Step-Up Date: 21 November 2021
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: 17 November 2016
Settlement Date: 17 November 2016
Rating: Unrated
Placement Agent: The Standard Bank of South Africa
Limited
Date: 16 November 2016
Sponsor: Standard Bank
Notes will be deposited in the Central Depository (“CSD”) and
settlement will take place electronically in terms of JSE Rules.
For further information on the Notes issued please contact:
Mike Brunke Standard Bank (Sponsor) (011) 721 8101
Email: mike.brunke@standardbank.co.za
Date: 16/11/2016 12:06:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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