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New instrument listing - THTI
The Thekwini Fund 15 (RF) Limited
(“Thekwini 15”)
New Financial Instrument Listing Announcement
Dated: 24 May 2018
Stock Codes: T15OM2, TH15A4, TH15A5, TH15B2, TH15C2, TH15D2
ISIN Codes: ZAG000151481, ZAG000151424, ZAG000151432, ZAG000151457,
ZAG000151465, ZAG000151473
The JSE Limited has granted Thekwini 15 the listing of its:
- “T15OM2” Floating Rate Notes due 21 May 2019; and
- “TH15A4, TH15A5, TH15B2, TH15C2, TH15D2” Floating Rate Notes
all due 21 November 2052 (Step up and call date 21 November
2022, except for TH15A4 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 2,634,814,363
Full Note details are as follows:
Designation of Note: Class Omega Note
Nominal Issued: ZAR 22,000,000
Coupon Rate: 7.64% (being 74 bps over 3 month
JIBAR of 6.9%)
Coupon Step-Up Rate: N/A
Coupon Indicator: Floating
Final Redemption Date: 21 May 2019
First Interest Payment Date: 21 August 2018
Coupon Step-Up Date: N/A
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November
Books Close: 17 February, 17 May of 2019 and 17
August, 17 November of 2018
Last day to register: By 17:00 on 16 February, 16 May, of
2019 and By 17:00 on 16 August, 16
November of 2018
Interest Commencement Date: 25 May 2018
Settlement Date: 25 May 2018
Rating: P-1.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 288,000,000
Coupon Rate: 8.29% (being 139 bps over 3 month
JIBAR of 6.9%)
Coupon Step-Up Rate: 189 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 November 2052
First Interest Payment Date: 21 August 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: 25 May 2018
Settlement Date: 25 May 2018
Rating: Aaa.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class A5 Note
Nominal Issued: ZAR 800,000,000
Coupon Rate: 8.49% (being 159 bps over 3 month
JIBAR of 6.9%)
Coupon Step-Up Rate: 215 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 November 2052
First Interest Payment Date: 21 August 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: 25 May 2018
Settlement Date: 25 May 2018
Rating: Aaa.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class B2 Note
Nominal Issued: ZAR 38,000,000
Coupon Rate: 8.69% (being 179 bps over 3 month
JIBAR of 6.9%)
Coupon Step-Up Rate: 243 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 November 2052
First Interest Payment Date: 21 August 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: 25 May 2018
Settlement Date: 25 May 2018
Rating: Aa1.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class C2 Note
Nominal Issued: ZAR 25,000,000
Coupon Rate: 9.1% (being 220 bps over 3 month
JIBAR of 6.9%)
Coupon Step-Up Rate: 220 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 November 2052
First Interest Payment Date: 21 August 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: 25 May 2018
Settlement Date: 25 May 2018
Rating: A3.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class D2 Note
Nominal Issued: ZAR 27,000,000
Coupon Rate: 11.65% (being 475 bps over 3 month
JIBAR of 6.9 %)
Coupon Step-Up Rate: 475 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 November 2052
First Interest Payment Date: 21 August 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: 25 May 2018
Settlement Date: 25 May 2018
Rating: Unrated
Placement Agent: The Standard Bank of South Africa
Limited
Date: 24 May 2018
Sponsor: The Standard Bank of South Africa
Limited
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: 24/05/2018 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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