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LAND & AGRICULTURAL DEV BANK OF SA - LBK15-Tap Issue

Release Date: 13/02/2017 13:13
Code(s): LBK15     PDF:  
Wrap Text
LBK15-Tap Issue

LAND AND AGRICULTURAL DEVELOPMENT BANK OF SOUTH AFRICA
Stock Code: LBK15   ISIN: ZAG000139890
(“the Land Bank”)

Tap Issue

The JSE Limited has granted a financial instrument listing to Land
Bank-”LBK15”   Senior  Unsecured   Floating   Rate   Notes under its
R20,000,000,000.00 Domestic Medium Term Note Programme.


INSTRUMENT TYPE:             FLOATING RATE NOTE



Tap Amount                    R375, 000,000.00

Amount Following Tap Issue    R1, 375,000,000.00



Bond Code                    LBK15

Nominal Issued               R375, 000,000.00

Issue Price                  101.40975%

Coupon                       10.358% (3 Month JIBAR as at 12 January 2017 of
                             7.358% plus 300 bps)

Coupon Rate Indicator        Floating

Trade Type                   Price

Final Maturity Date          12 October 2021

Books Close Date(s)          2 January, 2 April, 2 July, and 2 October

Interest Payment Date(s)     12 January, 12 April, 12 July, and 12 October

Last Day to Register         By 17:00 on 1 January, 1 April, 1 July and 1
                             October

Issue Date                   15 February 2017

Date Convention              Following

Interest Commencement Date   12 January 2017

First Interest Date          12 April 2017

ISIN No.                     ZAG000139890
13 February 2017
Debt Sponsor
The Standard Bank of South Africa Limited

For further information on the Notes issued please contact:
Kea Sape        SBSA                  (011) 344 5674

Date: 13/02/2017 01:13:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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