Wrap Text
New Instruments Listing
The Thekwini Fund 16 (RF) Limited
(“Thekwini 16”)
New Financial Instrument Listing Announcement
Dated: 20 August 2020
Stock Codes: T16OM2, TH16A4, TH16A5, TH16B2, TH16C2, TH16D2
ISIN Codes: ZAG000170119, ZAG000170036, ZAG000170044, ZAG000170051,
ZAG000170069, ZAG000170077
The JSE Limited has granted Thekwini 16 the listing of its:
- “T16OM2” Floating Rate Notes due 21 August 2021;
- “TH16A4, TH16A5, TH16B2, TH16C2, TH16D2” Floating Rate Notes
all due 21 August 2054 (Step up and call date 21 August 2024,
except for TH16A4 which have a Step up and call date of 21
August 2022); and
and issued in terms of its ZAR4,000,000,000 Asset Backed Note
Programme dated on or about 13 August 2019.
Total notes outstanding (incl. this issue) ZAR 3,260,000,000
Full Note details are as follows:
Designation of Note: Class Omega Note
Nominal Issued: ZAR 322,000,000
Coupon Rate: 4.39% (being 95 bps over 3 month
JIBAR of 3.44%)
Coupon Step-Up Rate: N/A
Coupon Indicator: Floating
Final Redemption Date: 21 August 2021
First Interest Payment Date: 21 November 2020
Coupon Step-Up Date: N/A
Interest Payment Dates: 21 November 2020, 21 February 2021,
21 May 2021 and 21 August 2021
Books Close: 17 November 2020, 17 February 2021,
17 May 2021 and 17 August 2021
Last day to register: By 17:00 on 16 November 2020, 16
February 2021, 16 May 2021 and 16
August 2021
Interest Commencement Date: 21 August 2020
Settlement Date: 21 August 2020
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class A4 Note
Nominal Issued: ZAR 695,000,000
Coupon Rate: 4.93% (being 149 bps over 3 month
JIBAR of 3.44%)
Coupon Step-Up Rate: 194 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 August 2054
First Interest Payment Date: 21 November 2020
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 2020
Settlement Date: 21 August 2020
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class A5 Note
Nominal Issued: ZAR 361,000,000
Coupon Rate: 4.94% (being 150 bps over 3 month
JIBAR of 3.44%)
Coupon Step-Up Rate: 195 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 August 2054
First Interest Payment Date: 21 November 2029
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 2020
Settlement Date: 21 August 2020
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class B2 Note
Nominal Issued: ZAR 45,000,000
Coupon Rate: 5.49% (being 205 bps over 3 month
JIBAR of 3.44%)
Coupon Step-Up Rate: 267 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 August 2054
First Interest Payment Date: 21 November 2020
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 2020
Settlement Date: 21 August 2020
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class C2 Note
Nominal Issued: ZAR 33,000,000
Coupon Rate: 5.92% (being 248 bps over 3 month
JIBAR of 3.44%)
Coupon Step-Up Rate: 248 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 August 2054
First Interest Payment Date: 21 November 2020
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 2020
Settlement Date: 21 August 2020
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class D2 Note
Nominal Issued: ZAR 44,000,000
Coupon Rate: 8.44% (being 500 bps over 3 month
JIBAR of 3.44%)
Coupon Step-Up Rate: 500 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 August 2054
First Interest Payment Date: 21 November 2020
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 2020
Settlement Date: 21 August 2020
Placement Agent: The Standard Bank of South Africa
Limited
Date: 20 August 2020
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:
Nicholas Gunning Standard Bank (Sponsor) (011) 721 7112
Email: nicholas.gunning@standardbank.co.za
Date: 20-08-2020 10:00:00
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