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NITRO SECURITISATION 6 (RF) LIMITED - Publication of the Offering Circular and Listing of New Financial Instruments - NSLI

Release Date: 04/04/2018 15:00
Code(s): N6A19 N6B26 N6C26 N6D26 N6F26 N6G26 N6E26     PDF:  
Wrap Text
Publication of the Offering Circular and Listing of New Financial Instruments -  NSLI

Nitro Securitisation 6 (RF) Limited
(Incorporated in the Republic of South Africa)
(Registration number 2015/325900/06)
Company code: NSLI
Bond code: N6A19 ISIN: ZAG000150525
Bond code: N6B26 ISIN: ZAG000150533
Bond code: N6C26 ISIN: ZAG000150541
Bond code: N6D26 ISIN: ZAG000150558
Bond code: N6E26 ISIN: ZAG000150566
Bond code: N6F26 ISIN: ZAG000150574
Bond code: N6G26 ISIN: ZAG000150582
(“Nitro 6”)

PUBLICATION OF THE OFFERING CIRCULAR AND LISTING OF NEW FINANCIAL INSTRUMENTS

Nitro 6 has received approval from the JSE in terms of its ZAR 2 040 000 000.00 Asset Backed Offering Circular
(“the OC”). The OC is available for inspection at the registered office of the Issuer and can also be accessed on
the following website http://www.rmb.co.za/globalmarkets/Nitro_6.asp.

The amended OC will also be available for inspection on the JSE website www.jse.co.za.

Furthermore, the JSE Limited has granted Nitro 6 the listing of its Floating Rate Notes, in terms of its OC dated
29 May 2018, effective 5 April 2018.

OC Amount:                                   ZAR 2 040 000 000.00
Total Notes in Issue Under OC:               ZAR 0.00, exclusive of this issuance of notes
Type of Debt Security:                       Floating Rate Notes

Debt Security Code:                          N6A19
ISIN:                                        ZAG000150525
Nominal Issued:                              ZAR 500 000 000.00
Initial Coupon Rate:                         Interpolated JIBAR of 6.805% plus 87 basis points
Coupon Rate:                                 3 Month JIBAR plus 87 basis points
Optional Redemption Date:                    20 December 2018
Final Maturity Date:                         20 March 2019
Class of Notes:                              Secured Class A Notes

Debt Security Code:                          N6B26
ISIN:                                        ZAG000150533
Nominal Issued:                              ZAR 680 000 000.00
Initial Coupon Rate:                         Interpolated JIBAR of 6.805% plus 139 basis points
Coupon Rate:                                 3 Month JIBAR plus 139 basis points
Expected Maturity Date:                      20 March 2020
Final Maturity Date:                         20 March 2026
Class of Notes:                              Secured Class B Notes

Debt Security Code:                          N6C26
ISIN:                                        ZAG000150541
Nominal Issued:                              ZAR 500 000 000.00
Initial Coupon Rate:                         Interpolated JIBAR of 6.805% plus 149 basis points
Coupon Rate:                                 3 Month JIBAR plus 149 basis points
Expected Maturity Date:                      21 September 2020
Final Maturity Date:                         20 March 2026
Class of Notes:                              Secured Class C Notes

Debt Security Code:                          N6D26
ISIN:                                        ZAG000150558
Nominal Issued:                              ZAR 200 000 000.00
Initial Coupon Rate:                         Interpolated JIBAR of 6.805% plus 159 basis points
Coupon Rate:                                 3 Month JIBAR plus 159 basis points
Expected Maturity Date:                      21 December 2020
Final Maturity Date:                         20 March 2026
Class of Notes:                              Secured Class D Notes

Debt Security Code:                          N6E26
ISIN:                                        ZAG000150566
Nominal Issued:                              ZAR 65 000 000.00
Initial Coupon Rate:                         Interpolated JIBAR of 6.805% plus 210 basis points
Coupon Rate:                                 3 Month JIBAR plus 210 basis points
Expected Maturity Date:                      22 March 2021
Final Maturity Date:                         20 March 2026
Class of Notes:                              Secured Class E Notes

Debt Security Code:                          N6F26
ISIN:                                        ZAG000150574
Nominal Issued:                              ZAR 55 000 000.00
Initial Coupon Rate:                         Interpolated JIBAR of 6.805% plus 380 basis points
Coupon Rate:                                 3 Month JIBAR plus 380 basis points
Expected Maturity Date:                      22 March 2021
Final Maturity Date:                         20 March 2026
Class of Notes:                              Secured Class F Notes

Debt Security Code:                          N6G26
ISIN:                                        ZAG000150582
Nominal Issued:                              ZAR 40 000 000.00
Initial Coupon Rate:                         Interpolated JIBAR of 6.805% plus 600 basis points
Coupon Rate:                                 3 Month JIBAR plus 600 basis points
Expected Maturity Date:                      22 March 2021
Final Maturity Date:                         20 March 2026
Class of Notes:                              Class G Notes

Issue Date:                                  5 April 2018
Interest Commencement Date:                  5 April 2018
Issue Price:                                100%
Interest Determination Date(s):             20 June, 20 September, 20 December and 20 March with the first
                                            interest period, ending on 20 June 2018 having an interpolated
                                            JIBAR rate of 6.805%
First Interest Payment Date:                20 June 2018
Interest Payment Date(s):                   20 June, 20 September, 20 December and 20 March of each year
                                            until maturity
Last Day to Register:                       By 17h00 on 14 June, 14 September, 14 December and 14 March
                                            of each year until maturity
Books Close:                                15 June, 15 September, 15 December and 15 March of each year
                                            until maturity
Final Maturity Amount:                      100% of the Aggregate Nominal Amount
Business Day Convention:                    Following Business Day


Call Option:                                The Issuer may redeem all, but not some only, of the Notes in full
                                            early at their Outstanding Principal Amount (together with
                                            accrued interest) on any Interest Payment Date on which the
                                            aggregate Outstanding Principle Amount is equal to less than 10%
                                            of the aggregate Principal Amount of the Notes at Issue Date or on
                                            which the Aggregate Principal Balance of the Participating Assets
                                            in the Asset Pool is equal or less than 10% of the Aggregate
                                            Principal Balance of the Initial Assets.

Expected Maturity Date:                     The Expected Maturity Date for each Class of Notes is determined
                                            on the assumption that there will be no Prepayments and no
                                            default in respect of the Participating Assets. To the extent that
                                            any Prepayments are made by Customers in respect of the
                                            Participating Assets, the Notes may be redeemed earlier than
                                            expected. To the extent that there are defaults or delays in
                                            payment by Customers in respect of the Participating Assets, the
                                            Notes may be redeemed later than expected. A failure to redeem
                                            Notes in any particular Class on their Expected Maturity Date will
                                            not result in an Event of Default (save where the Expected
                                            Maturity Date for any Class of Notes coincides with the Final
                                            Maturity Date for that Class of Notes).

Other:                                      The OC contains all terms and conditions and there are no pricing
                                            supplements with additional terms and conditions
Summary of Additional Terms:                Not Applicable
Dealer:                                     FirstRand Bank Limited, acting through its Rand Merchant Bank
                                            division



The Notes will be immobilised in the Central Securities Depository and settlement will take place electronically
in terms of JSE Rules.


4 April 2018

Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 04/04/2018 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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