Wrap Text
New Financial Instruments Listing Announcement – Tap Issues (LBK21, LBK22 and LBK23)
THE LAND AND AGRICULTURAL DEVELOPMENT BANK OF SOUTH AFRICA
Bond code: LBK21 ISIN: ZAG000146309
Bond code: LBK22 ISIN: ZAG000146317
Bond code: LBK23 ISIN: ZAG000146325
(“the Land Bank”)
New Financial Instruments Listing Announcement – Tap Issues
(LBK21, LBK22 and LBK23)
The JSE Limited has granted a listing of new financial instruments
(Tap Issues of LBK21, LBK22 and LBK23) under the Land Bank’s
Domestic Medium Term Note Programme on the Interest Rate Market.
Authorised programme size R20,000,000,000.00
Total notes in issue R7,945,000,000.00
(excluding these issues)
Total notes in issue R8,555,000,000.00
(including these issues)
Full instrument details are as follows:
INSTRUMENT TYPE FLOATING RATE NOTE
Bond Code LBK21
ISIN ZAG000146309
Nominal Issued R180,000,000
Issue Price 100.521296%
Coupon Rate Indicator Floating
Coupon 3 months ZAR JIBAR plus a
margin of 115 bps
Trade Type Price
Issue Date 27 September 2017
Maturity Date 4 September 2018
Interest Commencement Date 4 September 2017
First Interest Payment Date 4 December 2017
Interest Payment Date(s) 4 March, 4 June, 4 September
and 4 December in each year
until the Maturity Date
Last Day to Register By 17:00 on 21 February, 24
May, 24 August, 23 November in
each year until the Maturity
Date (all dates inclusive)
Books Close Date(s) From 22 February to 3 March,
25 May to 3 June, 25 August to
3 September and 24 November to
3 December in each year until
the Maturity Date (all dates
inclusive)
Date Convention Following Business Day
INSTRUMENT TYPE FLOATING RATE NOTE
Bond Code LBK22
ISIN ZAG000146317
Nominal Issued R325,000,000
Issue Price 100.545725%
Coupon Rate Indicator Floating
Coupon 3 months ZAR JIBAR plus a
margin of 155 bps
Trade Type Price
Issue Date 27 September 2017
Maturity Date 4 September 2020
Interest Commencement Date 4 September 2017
First Interest Payment Date 4 December 2017
Interest Payment Date(s) 4 March, 4 June, 4 September
and 4 December in each year
until the Maturity Date
Last Day to Register By 17:00 on 21 February, 24
May, 24 August, 23 November in
each year until the Maturity
Date (all dates inclusive)
Books Close Date(s) From 22 February to 3 March,
25 May to 3 June, 25 August to
3 September and 24 November to
3 December in each year until
the Maturity Date (all dates
inclusive)
Date Convention Following Business Day
INSTRUMENT TYPE FLOATING RATE NOTE
Bond Code LBK23
ISIN ZAG000146325
Nominal Issued R105,000,000
Issue Price 100.588423%
Coupon Rate Indicator Floating
Coupon 3 months ZAR JIBAR plus a
margin of 225 bps
Trade Type Price
Issue Date 27 September 2017
Maturity Date 5 September 2022
Interest Commencement Date 4 September 2017
First Interest Payment Date 5 December 2017
Interest Payment Date(s) 5 March, 5 June, 5 September
and 5 December in each year
until the Maturity Date
Last Day to Register By 17:00 on 22 February, 25
May, 25 August, 24 November in
each year until the Maturity
Date (all dates inclusive)
Books Close Date(s) From 23 February to 4 March,
26 May to 4 June, 26 August to
4 September and 25 November to
4 December in each year until
the Maturity Date (all dates
inclusive)
Date Convention Following Business Day
Centurion
27 September 2017
Debt Sponsor
The Standard Bank of South Africa Limited
Date: 27/09/2017 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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