Wrap Text
New Instruments Listing
The Thekwini Fund 16 (RF) Limited
(“Thekwini 16”)
New Financial Instrument Listing Announcement
Dated: 20 August 2019
Stock Codes: T16OM1, TH16A1, TH16A2, TH16A3, TH16B1, TH16C1, TH16D1
ISIN Codes: ZAG000161720, ZAG000161662, ZAG000161670, ZAG000161688,
ZAG000161696, ZAG000161704, ZAG000161712
The JSE Limited has granted Thekwini 16 the listing of its:
- “T16OM1” Floating Rate Notes due 21 August 2020;
- “TH16A1, TH16A2, TH16B1, TH16C1, TH16D1” Floating Rate Notes
all due 21 August 2054 (Step up and call date 21 August 2024,
except for TH16A1 which have a Step up and call date of 21
November 2022); and
- “TH16A3” Fixed Rate Note due 21 August 2054 (Step up and call
date 21 August 2024)
and issued in terms of its ZAR4,000,000,000 Asset Backed Note
Programme dated on or about 13 August 2019.
Total notes issued (incl. this issue) ZAR 2,000,000,000
Full Note details are as follows:
Designation of Note: Class Omega Note
Nominal Issued: ZAR 240,000,000
Coupon Rate: 7.718% (being 88.5 bps over 3 month
JIBAR of 6.833%)
Coupon Step-Up Rate: N/A
Coupon Indicator: Floating
Final Redemption Date: 21 August 2020
First Interest Payment Date: 21 November 2019
Coupon Step-Up Date: N/A
Interest Payment Dates: 21 November 2019, 21 February 2020,
21 May 2020 and 21 August 2020
Books Close: 17 November 2019, 17 February 2020,
17 May 2020 and 17 August 2020
Last day to register: By 17:00 on 16 November 2019, 16
February 2020, 16 May 2020 and 16
August 2020
Interest Commencement Date: 21 August 2019
Settlement Date: 21 August 2019
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class A1 Note
Nominal Issued: ZAR 464,000,000
Coupon Rate: 8.093% (being 126 bps over 3 month
JIBAR of 6.833%)
Coupon Step-Up Rate: 164 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 August 2054
First Interest Payment Date: 21 November 2019
Coupon Step-Up Date: 21 August 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 August 2019
Settlement Date: 21 August 2019
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class A2 Note
Nominal Issued: ZAR 1,002,000,000
Coupon Rate: 8.283% (being 145 bps over 3 month
JIBAR of 6.833%)
Coupon Step-Up Rate: 189 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 August 2054
First Interest Payment Date: 21 November 2019
Coupon Step-Up Date: 21 August 2024
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 August 2019
Settlement Date: 21 August 2019
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class A3 Note
Nominal Issued: ZAR 124,000,000
Coupon Rate: 8.49% per annum
Coupon Step-Up Rate: 189 bps over 3 month JIBAR
Coupon Indicator: Fixed until Coupon Step-Up Date then
Floating thereafter
Final Redemption Date: 21 August 2054
First Interest Payment Date: 21 February 2020
Coupon Step-Up Date: 21 August 2024
Interest Payment Dates: 21st February and 21st August of each
year until Coupon Step-up Date then
21st February, 21st May, 21st August
and 21st November of each year
thereafter
Books Close: 17th February and 17th August of each
year until Coupon Step-up Date then
17th February, 17th May, 17th August
and 17th November of each year
thereafter
Last day to register: By 17:00 on 16th February and 16th
August of each year until Coupon
Step-up Date then 16th February, 16th
May, 16th August and 16th November of
each year thereafter
Interest Commencement Date: 21 August 2019
Settlement Date: 21 August 2019
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class B1 Note
Nominal Issued: ZAR 70,000,000
Coupon Rate: 8.523% (being 169 bps over 3 month
JIBAR of 6.833%)
Coupon Step-Up Rate: 220 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 August 2054
First Interest Payment Date: 21 November 2019
Coupon Step-Up Date: 21 August 2024
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 August 2019
Settlement Date: 21 August 2019
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class C1 Note
Nominal Issued: ZAR 52,000,000
Coupon Rate: 8.833% (being 200 bps over 3 month
JIBAR of 6.833%)
Coupon Step-Up Rate: 200 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 August 2054
First Interest Payment Date: 21 November 2019
Coupon Step-Up Date: 21 August 2024
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 August 2019
Settlement Date: 21 August 2019
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class D3 Note
Nominal Issued: ZAR 48,000,000
Coupon Rate: 10.983% (being 415 bps over 3 month
JIBAR of 6.833%)
Coupon Step-Up Rate: 415 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 August 2054
First Interest Payment Date: 21 November 2019
Coupon Step-Up Date: 21 August 2024
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 August 2019
Settlement Date: 21 August 2019
Placement Agent: The Standard Bank of South Africa
Limited
Date: 20 August 2019
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: 20/08/2019 03:49:00
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