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LAND AND AGRICULTURAL DEVELOPMENT BANK OF SOUTH AFRICA - LBK32-New Financial Instrument Listing

Release Date: 08/11/2018 07:05
Code(s): LBK32     PDF:  
Wrap Text
LBK32-New Financial Instrument Listing

LAND AND AGRICULTURAL DEVELOPMENT BANK OF SOUTH AFRICA
(“the Land Bank”)
Bond Code: LBK32


The JSE Limited has granted a listing to LAND AND AGRICULTURAL DEVELOPMENT BANK OF SOUTH
AFRICA on Interest Rate Market with effect from 8 November 2018.



INSTRUMENT TYPE:                 FLOATING RATE NOTE



Bond Code                        LBK32

Nominal Issued                   R 500,000,000.00

Issue Price                      100%

Coupon                           8.957% (3 Month JIBAR as at 05 November 2018 of 7.017% plus
                                 194 bps)

Coupon Rate Indicator            Floating

Trade Type                       Price

Final Maturity Date              8 November 2023

Books Close Date(s)              29 January, 29 April, 29 July, 29 October

Interest Payment Date(s)         8 February, 8 May, 8 August, 8 November

Last Day to Register             By 17:00 on 28 January, 28 April, 28 July, 28 October

Issue Date                       8 November 2018

Date Convention                  Following

Interest Commencement Date       8 November 2018

First Interest Payment Date      8 February 2019

ISIN No.                         ZAG000155243

Additional Information           Senior Unsecured Floating Rate Notes
7 November 2018

Debt Sponsor
The Standard Bank of South Africa Limited

For further information on the Notes issued please contact:
Kea Sape              SBSA                  (011) 721 5594

Date: 08/11/2018 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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