Wrap Text
New Instruments Listing
Transsec 5 (RF) Limited
New Financial Instrument Listing Announcement
Dated: 25 May 2021
Stock Codes:
TR5OM1 - ZAG000176496
TR5A11 - ZAG000176462
TR5A21 - ZAG000176470
TR5A31 - ZAG000176488
TRA5B1 - ZAG000176504
TRA5C1 - ZAG000176520
The JSE Limited has granted a financial instrument listing to
Transsec 5 (RF) Limited “TR5OM1” Floating Rate Note due 20 June
2022, and “TR5A11, TR5A21, TRA5B1 and TRA5C1”, Floating Rate Notes
and “TR5A31” Fixed Rate Note, all due 20 June 2031 in terms of its
Programme Memorandum dated on or about 14 May 2021.
Authorised Programme size ZAR 2,500,000,000.00
Total notes issued (incl. this issue) ZAR 900,000,000.00
Full Note details are as follows:
Designation of Note: Class Omega Note
Nominal Issued: ZAR 90,000,000.00
Coupon Rate: 4,425% (being 75 bps over 3
month JIBAR of 3,675%)
Coupon Step-Up Rate: N/A
Coupon Indicator: Floating
Maturity Date: 20 June 2022
First Interest Payment Date: 20 September 2021
Coupon Step-Up Date: N/A
Interest Payment Dates: 20 September 2021, 20 December
2021, 20 March 2022 and 20 June
2022
Books Close: 16 September 2021, 16 December
2021, 16 March 2022 and 16 June
2022
Last day to register: By 17:00 on 15 September 2021,
15 December 2021, 15 March 2022
and 15 June 2022
Interest Commencement Date: 26 May 2021
Settlement Date: 26 May 2021
Rating: P-1.za (sf) by Moody’s
Investors Service Limited
“Moody’s”
Designation of Note: Class A1 Note
Nominal Issued: ZAR 329,000,000.00
Coupon Rate: 5,155 % (being 148 bps over 3
month JIBAR of 3,675%)
Coupon Step-Up Rate: 192 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 20 June 2031
First Interest Payment Date: 20 September 2021
Coupon Step-Up Date: 20 June 2024
Interest Payment Dates: 20 March, 20 June, 20
September, 20 December of each
year
Books Close: 16 March, 16 June, 16
September, 16 December of each
year
Last day to register: By 17:00 on 15 March, 15 June,
15 September, 15 December of
each year
Interest Commencement Date: 26 May 2021
Settlement Date: 26 May 2021
Rating: Aaa.za (sf) by Moody’s
Designation of Note: Class A2 Note
Nominal Issued: ZAR 191,000,000.00
Coupon Rate: 5,215 % (being 154 bps over 3
month JIBAR of 3,675%)
Coupon Step-Up Rate: 200 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 20 June 2031
First Interest Payment Date: 20 September 2021
Coupon Step-Up Date: 20 June 2026
Interest Payment Dates: 20 March, 20 June, 20
September, 20 December of each
year
Books Close: 16 March, 16 June, 16
September, 16 December of each
year
Last day to register: By 17:00 on 15 March, 15 June,
15 September, 15 December of
each year
Interest Commencement Date: 26 May 2021
Settlement Date: 26 May 2021
Rating: Aaa.za (sf) by Moody’s
Designation of Note: Class A3 Note
Nominal Issued: ZAR 80,000,000.00
Coupon Rate: 7,61%
Coupon Step-Up Rate: 200 bps over 3 month JIBAR
Coupon Indicator: Fixed up until Coupon Step-Up
Date then Floating thereafter
Maturity Date: 20 June 2031
First Interest Payment Date: 20 December 2021
Coupon Step-Up Date: 20 June 2026
Interest Payment Dates: 20 June and 20 December up
until Coupon Step-up Date and
if not called then 20 March, 20
June, 20 September and 20
December of each year
thereafter
Books Close: 16 March, 16 June, 16
September, 16 December of each
year
Last day to register: By 17:00 on 15 June and 15
December up until Coupon Step-
up Date and if not called then
by 17:00 on 15 March, 15 June,
15 September and 15 December of
each year thereafter
Interest Commencement Date: 26 May 2021
Settlement Date: 26 May 2021
Rating: Aaa.za (sf) by Moody’s
Designation of Note: Class B1 Note
Nominal Issued: ZAR 150,000,000.00
Coupon Rate: 5,925% (being 225 bps over 3
month JIBAR of 3,675%)
Coupon Step-Up Rate: 293 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 20 June 2031
First Interest Payment Date: 20 September 2021
Coupon Step-Up Date: 20 June 2026
Interest Payment Dates: 20 March, 20 June, 20
September, 20 December of each
year
Books Close: 16 March, 16 June, 16
September, 16 December of each
year
Last day to register: By 17:00 on 16 March, 16 June,
16 September and 16 December of
each year
Interest Commencement Date: 26 May 2021
Settlement Date: 26 May 2021
Rating: Aa2.za (sf) by Moody’s
Designation of Note: Class C1 Note
Nominal Issued: ZAR 60,000,000.00
Coupon Rate: 7,575% (being 390 bps over 3
month JIBAR of 3,675%)
Coupon Step-Up Rate: 507 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 20 June 2031
First Interest Payment Date: 20 September 2021
Coupon Step-Up Date: 20 June 2026
Interest Payment Dates: 20 March, 20 June, 20
September, 20 December of each
year
Books Close: 16 March, 16 June, 16
September, 16 December of each
year
Last day to register: By 17:00 on By 17:00 on 15
March, 15 June, 15 September
and 15 December of each year
Interest Commencement Date: 26 May 2021
Settlement Date: 26 May 2021
Rating: Not rated
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:
Peet Kruger
Standard Bank
+27 82 708 6123
Email: peet.kruger@standardbank.co.za
Date: 25-05-2021 11:51:00
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