Wrap Text
New Instruments Listing
The Thekwini Fund 15 (RF) Limited
(“Thekwini 15”)
New Financial Instrument Listing Announcement
Dated: 6 December 2017
Stock Codes: T15OM1, TH15A1, TH15A2, TH15A3, TH15B1, TH15C1, TH15D1
ISIN Codes: ZAG000148727, ZAG000148735, ZAG000148743, ZAG000148685,
ZAG000148693, ZAG000148701, ZAG000148719
The JSE Limited has granted Thekwini 15 the listing of its:
- “T15OM1” Floating Rate Notes due 21 November 2018; and
- “TH15A1, TH15A2, TH15B1, TH15C1, TH15D1” Floating Rate Notes;
and “TH15A3” Fixed Rate Notes all due 21 November 2052 (Step
up and call date 21 November 2022, except for TH15A1 which have
a Step up and call date of 21 November 2020)
and issued in terms of its ZAR4,000,000,000 Asset Backed Note
Programme dated on or about 30 November 2017.
Total notes issued (incl. this issue) ZAR 1,497,000,000
Full Note details are as follows:
Designation of Note: Class Omega Note
Nominal Issued: ZAR 123,000,000
Coupon Rate: 7.925% (being 80 bps over 3 month
JIBAR of 7.125%)
Coupon Step-Up Rate: N/A
Coupon Indicator: Floating
Final Redemption Date: 21 November 2018
First Interest Payment Date: 21 February 2018
Coupon Step-Up Date: N/A
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of 2018
Books Close: 17 February, 17 May, 17 August and 17
November of 2018
Last day to register: By 17:00 on 16 February, 16 May, 16
August and 16 November of 2018
Interest Commencement Date: 7 December 2017
Settlement Date: 7 December 2017
Rating: P-1.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class A1 Note
Nominal Issued: ZAR 413,000,000
Coupon Rate: 8.575% (being 145 bps over 3 month
JIBAR of 7.125%)
Coupon Step-Up Rate: 189 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 November 2052
First Interest Payment Date: 21 February 2018
Coupon Step-Up Date: 21 November 2020
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 17 February, 17 May, 17 August and 17
November of each year
Last day to register: By 17:00 on 16 February, 16 May, 16
August and 16 November of each year
Interest Commencement Date: 7 December 2017
Settlement Date: 7 December 2017
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 519,000,000
Coupon Rate: 8.775% (being 165 bps over 3 month
JIBAR of 7.125%)
Coupon Step-Up Rate: 215 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 November 2052
First Interest Payment Date: 21 February 2018
Coupon Step-Up Date: 21 November 2022
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 17 February, 17 May, 17 August and 17
November of each year
Last day to register: By 17:00 on 16 February, 16 May, 16
August and 16 November of each year
Interest Commencement Date: 7 December 2017
Settlement Date: 7 December 2017
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 307,000,000
Coupon Rate: 9.82% per annum
Coupon Step-Up Rate: 215 bps over 3 month JIBAR
Coupon Indicator: Fixed until Coupon Step-Up Date then
Floating thereafter
Final Redemption Date: 21 November 2052
First Interest Payment Date: 21 May 2018
Coupon Step-Up Date: 21 November 2022
Interest Payment Dates: 21 May and 21 November of each year
until Coupon Step-up Date then 21
February, 21 May, 21 August and 21
November of each year thereafter
Books Close: 17 May and 17 November of each year
until Coupon Step-up Date then 17
February, 17 May, 17 August and 17
November of each year thereafter
Last day to register: By 17:00 on 16 May and 16 November
of each year until Coupon Step-up
Date then 16 February, 16 May, 16
August and 16 November of each year
thereafter
Interest Commencement Date: 7 December 2017
Settlement Date: 7 December 2017
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 49,000,000
Coupon Rate: 8.995% (being 187 bps over 3 month
JIBAR of 7.125%)
Coupon Step-Up Rate: 243 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 November 2052
First Interest Payment Date: 21 February 2018
Coupon Step-Up Date: 21 November 2022
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 17 February, 17 May, 17 August and 17
November of each year
Last day to register: By 17:00 on 16 February, 16 May, 16
August and 16 November of each year
Interest Commencement Date: 7 December 2017
Settlement Date: 7 December 2017
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 44,000,000
Coupon Rate: 9.465% (being 234 bps over 3 month
JIBAR of 7.125%)
Coupon Step-Up Rate: 234 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 November 2052
First Interest Payment Date: 21 February 2018
Coupon Step-Up Date: 21 November 2022
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 17 February, 17 May, 17 August and 17
November of each year
Last day to register: By 17:00 on 16 February, 16 May, 16
August and 16 November of each year
Interest Commencement Date: 7 December 2017
Settlement Date: 7 December 2017
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 42,000,000
Coupon Rate: 12.375% (being 525 bps over 3 month
JIBAR of 7.125%)
Coupon Step-Up Rate: 525 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 November 2052
First Interest Payment Date: 21 February 2018
Coupon Step-Up Date: 21 November 2022
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 17 February, 17 May, 17 August and 17
November of each year
Last day to register: By 17:00 on 16 February, 16 May, 16
August and 16 November of each year
Interest Commencement Date: 7 December 2017
Settlement Date: 7 December 2017
Rating: Unrated
Placement Agent: The Standard Bank of South Africa
Limited
Date: 6 December 2017
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: 06/12/2017 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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