Wrap Text
New Instruments Listing
Transsec 4 (RF) Limited
New Financial Instrument Listing Announcement
Dated: 12 March 2019
Stock Codes:
TRA4A1 - ZAG000157561
TRA4A2 - ZAG000157553
TRA4A3 - ZAG000157546
TRA4A4 - ZAG000157538
TRA4B1 - ZAG000157520
The JSE Limited has granted a financial instrument listing to
Transsec 4 (RF) Limited “TRA4A1” Floating Rate Note due 13 April
2020, and “TRA4A2, TRA4A3, and TRA4B1”, Floating Rate Notes and
“TRA4A4” Fixed Rate Note, all due 13 April 2029 in terms of its
Programme Memorandum dated on or about 1 March 2019.
Authorised Programme size ZAR 2,500,000,000.00
Total notes issued (incl. this issue) ZAR 0
Full Note details are as follows:
Designation of Note: Class A1 Note
Nominal Issued: ZAR 107,000,000.00
Coupon Rate: 8.05% (being 90 bps over 3
month JIBAR of 7.15%)
Coupon Step-Up Rate: N/A
Coupon Indicator: Floating
Maturity Date: 13 April 2020
First Interest Payment Date: 13 July 2019
Coupon Step-Up Date: N/A
Interest Payment Dates: 13 July 2019, 13 October 2019,
13 January 2020 and 13 April
2020
Books Close: 9 July 2019, 9 October 2019, 9
January 2020 and 9 April 2020
Last day to register: By 17:00 on 8 July 2019, 8
October 2019, 8 January 2020
and 8 April 2020
Interest Commencement Date: 13 March 2019
Settlement Date: 13 March 2019
Rating: P-1.za (sf) by Moody’s
Investors Service Limited
“Moody’s”
Designation of Note: Class A2 Note
Nominal Issued: ZAR 300,000,000.00
Coupon Rate: 8.64% (being 149 bps over 3
month JIBAR of 7.15%)
Coupon Step-Up Rate: 194 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 13 April 2029
First Interest Payment Date: 13 July 2019
Coupon Step-Up Date: 13 April 2022
Interest Payment Dates: 13 January, 13 April, 13 July,
13 October of each year
Books Close: 9 January, 9 April, 9 July, 9
October of each year
Last day to register: By 17:00 on 8 January, 8 April,
8 July and 8 October of each
year
Interest Commencement Date: 13 March 2019
Settlement Date: 13 March 2019
Rating: Aaa.za (sf) by Moody’s
Designation of Note: Class A3 Note
Nominal Issued: ZAR 221,000,000.00
Coupon Rate: 8.92% (being 177 bps over 3
month JIBAR of 7.15%)
Coupon Step-Up Rate: 230 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 13 April 2029
First Interest Payment Date: 13 July 2019
Coupon Step-Up Date: 13 April 2024
Interest Payment Dates: 13 January, 13 April, 13 July,
13 October of each year
Books Close: 9 January, 9 April, 9 July, 9
October of each year
Last day to register: By 17:00 on 8 January, 8 April,
8 July and 8 October of each
year
Interest Commencement Date: 13 March 2019
Settlement Date: 13 March 2019
Rating: Aaa.za (sf) by Moody’s
Designation of Note: Class A4 Note
Nominal Issued: ZAR 92,000,000.00
Coupon Rate: 9.225% (being 140 bps over
R2023 of 7.825%)
Coupon Step-Up Rate: 230 bps over 3 month JIBAR
Coupon Indicator: Fixed up until Coupon Step-Up
Date then Floating thereafter
Maturity Date: 13 April 2029
First Interest Payment Date: 13 October 2019
Coupon Step-Up Date: 13 April 2024
Interest Payment Dates: 13 April and 13 October up
until Coupon Step-up Date then
13 January, 13 April, 13 July,
13 October of each year
thereafter
Books Close: 9 April and 9 October of each
year up until Coupon Step-up
Date then 9 January, 9 April,
9 July, 9 October of each year
thereafter
Last day to register: By 17:00 on 8 April and 8
October up until Coupon Step-
up Date then by 17:00 on 8
January, 8 April, 8 July and 8
October of each year
thereafter
Interest Commencement Date: 13 March 2019
Settlement Date: 13 March 2019
Rating: Aaa.za (sf) by Moody’s
Designation of Note: Class B1 Note
Nominal Issued: ZAR 160,000,000.00
Coupon Rate: 9.97% (being 282 bps over 3
month JIBAR of 7.15%)
Coupon Step-Up Rate: 367 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 13 April 2029
First Interest Payment Date: 13 July 2019
Coupon Step-Up Date: 13 April 2024
Interest Payment Dates: 13 January, 13 April, 13 July,
13 October of each year
Books Close: 9 January, 9 April, 9 July, 9
October of each year
Last day to register: By 17:00 on 8 January, 8 April,
8 July and 8 October of each
year
Interest Commencement Date: 13 March 2019
Settlement Date: 13 March 2019
Rating: Aa3.za (sf) by Moody’s
Co-arrangers: The Standard Bank of South Africa Limited (“Standard
Bank”) and SA Taxi Holdings Proprietary Limited
Debt Sponsor: Standard Bank
Notes will be deposited in the Central Depository (“CSD”) and
settlement will take place electronically in terms of the JSE
Rules.
Further information on the Note issued please contact:
Nicholas Gunning
Standard Bank
(011) 721 7112
Email: nicholas.gunning@standardbank.co.za
Date: 12/03/2019 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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