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Harcourt Street 1 (RF) Limited - New Financial Instrument Listing
Harcourt Street 1 (RF) Limited
New Financial Instrument Listing Announcement
ISSUE OF H10T3 SENIOR SECURED FLOATING RATE NOTES (“H10T3 NOTES”)
Application has been made to the JSE Limited (“JSE”) for the listing of ZAR149,000,000 (One Hundred and Forty
Nine Million Rand) senior secured floating rate Notes (stock code H10T3), issued pursuant to Harcourt Street 1
(RF) Limited’s Programme Memorandum dated 17 February 2016 (as amended or supplemented), the Applicable
Issuer Supplement executed by Harcourt Street 1 (RF) Limited dated 17 February 2016 (as amended and
supplemented) and the Applicable Transaction Supplement executed by Harcourt Street 1 (RF) Limited dated 18
December 2019 (as amended and supplemented) (“the Programme Documents”)
The H10T3 Notes will be issued to Noteholders on the date of listing being 9 July 2020 with effect from
commencement of trade.
Salient features of the H10T3 Notes are listed below:
Issuer Harcourt Street 1 (RF) Limited
Instrument Senior Secured Floating Rate Notes
Issue Date 9 July 2020
Nominal Amount per Note ZAR1,000,000
Interest Rate The Reference Rate plus the Margin. The
Reference Rate is three month JIBAR,
provided that the Reference Rate in respect
of the first Interest Period shall be an
interpolated rate between the South African
Overnight Deposit Rate and one month
JIBAR, as determined by the Calculation
Agent on the Issue Date
Interest Determination Date In respect of the first Interest Period, the
Issue Date. With respect to subsequent
Interest Periods, the Reference Rate will be
reset on 28 January, 28 April, 28 July and
28 October of each year, as adjusted in
accordance with the applicable Business
Day Convention
Margin 2.20% per annum
Final Maturity Date 28 October 2021
Optional Redemption Date (Issuer Call Date) Not Applicable
and Step-up Date
Issue price per Note 100%
Final Redemption Amount per Note Each Note shall be redeemed in cash at an
amount equal to the Principal Amount
Outstanding plus accrued but unpaid
interest, if any, to the date of redemption of
the Sub-Series of Notes, subject to the
applicable Sub-Series Priority of Payments
Interest Commencement Date Issue Date
Books Close Period from 24 January to 28 January, 24 April to
28 April, 24 July to 28 July and 24 October
to 28 October (all days inclusive)
Last Day to Register By 17h00 on the Business Day immediately
preceding the first day of a Books Closed
Period, which shall mean that the Register
will be closed from 17h00 on each Last Day
to Register to the following Interest Payment
Date
Interest Payment Dates 28 July, 28 October, 28 January and 28
April, or if such day is not a Business Day,
the Business Day on which the interest will
be paid, as determined in accordance with
the applicable Business Day Convention (as
referred to in item 11 above), with the first
Interest Payment Date being 28 July 2020
Business Day Convention Following Business Day
JSE Stock Code H10T3
ISIN ZAG000169368
Aggregate Nominal Amount of Notes Outstanding in Sub- ZAR149,000,000 (One Hundred and Forty
Series 03 after this issuance Nine Million Rand)
The Pricing Supplement contains additional terms and (i) The Issuer shall redeem all or a portion of
conditions or changes to the terms and conditions as the Notes in the event of a prepayment by
contained in the Programme Documents the Participating Asset, as set out in item 79
of the Applicable Pricing Supplement.
(ii) The Issuer is entitled to redeem all of the
Notes If a Change in Law Event or an
Illegality has occurred, as set out in item 80
of the Applicable Pricing Supplement.
Investors should study the Applicable Pricing Supplement for
full details of the terms and conditions applicable to these
Notes.
Date: 9 July 2020
Debt Sponsor:
Investec Bank Limited
abotha@investec.co.za
Date: 09-07-2020 09:30:00
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