Wrap Text
New Instruments Listing - T15OM3, TH15A7, TH15A8, TH15B3, TH15C3, TH15D3
The Thekwini Fund 15 (RF) Limited
(“Thekwini 15”)
New Financial Instrument Listing Announcement
Dated: 20 November 2018
Stock Codes: T15OM3, TH15A7, TH15A8, TH15B3, TH15C3, TH15D3
ISIN Codes: ZAG000155318, ZAG000155276, ZAG000155284, ZAG000155342,
ZAG000155334, ZAG000155326
The JSE Limited has granted Thekwini 15 the listing of its:
- “T15OM3” Floating Rate Notes due 21 November 2019; and
- “TH15A7, TH15A8, TH15B3, TH15C3, TH15D3” Floating Rate Notes
all due 21 November 2052 (Step up and call date 21 November
2022, except for TH15A7 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 3,552,000,000
Full Note details are as follows:
Designation of Note: Class Omega Note
Nominal Issued: ZAR 320,000,000
Coupon Rate: 7.917% (being 90 bps over 3 month
JIBAR of 7.017%)
Coupon Step-Up Rate: N/A
Coupon Indicator: Floating
Final Redemption Date: 21 November 2019
First Interest Payment Date: 21 February 2019
Coupon Step-Up Date: N/A
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of 2019
Books Close: 17 February, 17 May, 17 August, 17
November of 2019
Last day to register: By 17:00 on 16 February, 16 May, 16
August, 16 November of 2019
Interest Commencement Date: 21 November 2018
Settlement Date: 21 November 2018
Rating: P-1.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class A7 Note
Nominal Issued: ZAR 88,000,000
Coupon Rate: 8.327% (being 131 bps over 3 month
JIBAR of 7.017%)
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 2019
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: 21 November 2018
Settlement Date: 21 November 2018
Rating: Aaa.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class A8 Note
Nominal Issued: ZAR 500,000,000
Coupon Rate: 8.427% (being 141 bps over 3 month
JIBAR of 7.017%)
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 2019
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: 21 November 2018
Settlement Date: 21 November 2018
Rating: Aaa.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class B3 Note
Nominal Issued: ZAR 44,000,000
Coupon Rate: 8.717% (being 170 bps over 3 month
JIBAR of 7.017%)
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 2019
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: 21 November 2018
Settlement Date: 21 November 2018
Rating: Aa1.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class C3 Note
Nominal Issued: ZAR 24,000,000
Coupon Rate: 9.117% (being 210 bps over 3 month
JIBAR of 7.017%)
Coupon Step-Up Rate: 210 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 November 2052
First Interest Payment Date: 21 February 2019
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: 21 November 2018
Settlement Date: 21 November 2018
Rating: A2.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class D3 Note
Nominal Issued: ZAR 24,000,000
Coupon Rate: 11.247% (being 423 bps over 3 month
JIBAR of 7.017 %)
Coupon Step-Up Rate: 423 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 November 2052
First Interest Payment Date: 21 February 2019
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: 21 November 2018
Settlement Date: 21 November 2018
Rating: Unrated
Placement Agent: The Standard Bank of South Africa
Limited
Date: 20 November 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: 20/11/2018 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
