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THE SOUTH AFRICAN NATIONAL ROADS AGENCY SOC LIMITED - Listing of tap issues HWAY34

Release Date: 11/11/2019 09:10
Code(s): HWAY34     PDF:  
Wrap Text
Listing of tap issues – HWAY34

The South African National Roads Agency SOC Limited
Incorporated in the Republic of South Africa
(Registration number 1998/009584/30)
Company code: BINRA
ISIN: ZAG000070319
Bond Code: HWAY34
(“SANRAL”)

LISTING OF TAP ISSUES – HWAY34

The JSE Limited has granted approval for the listing of a tap issue of HWAY34 Senior Unsecured
Fixed Rate Notes, under the amended and restated SANRAL ZAR31 910 000 000 Guaranteed
Domestic Medium Term Note Programme dated 13 August 2018 (“Programme Memorandum”), with
effect from 12 November 2019.

The details pertaining to the listing of a tap issue of HWAY34 are as follows:

Instrument Code:                               HWAY34
ISIN No:                                       ZAG000070319
Instrument Type:                               Senior Unsecured Fixed Rate Notes
Nominal Amount:                                ZAR1 000 000 000.00
Issue Date:                                    12 November 2019
Issue Price:                                   91.08462%
Coupon Rate:                                   9.25% per annum payable semi-annually in arrear
Coupon Rate Indicator:                         Fixed
Interest Commencement Date:                    31 July 2019
Interest Payment Dates:                        31 July and 31 January of each year until the
                                               Redemption Date or, if such day is not a Business
                                               Day, the Business Day on which the interest will be
                                               paid (subject to the applicable Business Day
                                               Convention)
First Interest Payment Date:                   31 January 2020
Other Terms Relating to the Method of          Issue Price of the Notes will be cum interest, which
Calculating Interest                           interest   starts   accruing    on   the     Interest
                                               Commencement Date, being 31 July 2019
Applicable Business Day Convention:            Following Business Day
Last Day to Register:                          By 17h00 on 20 July and 20 January of each year
                                               until the Redemption Date or if such day is not a
                                               Business Day, the Business Day immediately
                                               preceding each Books Closed Period
Books Closed Period:                           21 July to 31 July and from 21 January to 31 January
                                               (all dates inclusive) of each year until the Redemption
                                               Date
Redemption Date:                               31 July 2034
Final Redemption Amount:                       100%
Total Notes in Issue:                          ZAR24 946 018 477.00 including this issue
Additional Terms and Conditions:               The applicable pricing supplement does not contain
                                               additional terms and conditions to the Terms and
                                               Conditions as contained in the Programme
                                               Memorandum
Additional Information:                        Guaranteed by the government of the Republic of
                                               South Africa




The Notes will be immobilised in the Central Securities Depository and settlement will take place
electronically in terms of JSE Rules.


11 November 2019

Debt Sponsor
One Capital

Date: 11/11/2019 09:10:00
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