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SUPERDRIVE INVESTMENTS (RF) LIMITED - BISPDR-New Financial Instrument Listings

Release Date: 20/08/2021 08:51
Code(s): SPDA15 SPDA14     PDF:  
Wrap Text
BISPDR-New Financial Instrument Listings

SuperDrive Investments (RF) Limited
Incorporated in the Republic of South Africa
(Registration number 2011/000895/06)
(“SuperDrive”)

General Issuer Code: BISPDR
Stock Code: SPDA14             ISIN Code: ZAG000178658
Stock Code: SPDA15             ISIN Code: ZAG000178666


New Financial Instrument Listing Announcement


The JSE Limited (“JSE”) has, with effect from 23 August 2021, granted
SuperDrive the listing of its Secured Floating Rate Notes, SPDA14
and SPDA15, due (Legal Maturity) 21 August 2030, issued in terms of
its ZAR10,000,000,000 Asset Backed Domestic Medium Term Note
Programme (Programme”).

Total Notes in issue under the         Programme   (including    this
issuance):  ZAR3,618,000,000.00

Stock Code:                     SPDA14
ISIN:                           ZAG000178658
Nominal Issued:                 ZAR750,000,000.00
Issue Date:                     23 August 2021
Issue Price:                    100%
Coupon Rate:                    3 month JIBAR plus 119 bps
Coupon Step-Up Rate:            40 bps to be added to the 3 month
                                JIBAR plus 119 bps
Coupon Rate Indicator:          Floating
Trade Type:                     Price
Final Maturity Date:            21 August 2030
Coupon Step-Up Date:            21 August 2024
Interest Payment Dates:         21 February, 21 May, 21 August and
                                21 November of each year
Books Close:                    16 to 21 February, 16 to 21 May,
                                16 to 21 August and 16 to 21 November
                                of each year
Last day to register:           By 17:00 on 15 February, 15 May,
                                15 August and 15 November of each
                                year
Date Convention:                Following
Interest Commencement Date:     23 August 2021
First Interest Payment Date:    21 November 2021
Settlement Date:                23 August 2021
Rating:                         Aaa.za(sf)/Baa1(sf)
Rating Agency:                  Moody’s Investor Services
Additional information:         Secured Class A Notes
Level of Collateralisation:     Minimum Credit Enhancement at the
                                Issue Date is 20.0%
Placement Agent:                The Standard Bank of South Africa
                                Limited


Stock Code:                     SPDA15
ISIN:                           ZAG000178666
Nominal Issued:                 ZAR750,000,000.00
Issue Date:                     23 August 2021
Issue Price:                    100%
Coupon Rate:                    3 month JIBAR plus 131 bps
Coupon Step-Up Rate:            40 bps to be added to the 3 month
                                JIBAR plus 131 bps
Coupon Rate Indicator:          Floating
Trade Type:                     Price
Final Maturity Date:            21 August 2030
Coupon Step-Up Date:            21 August 2026
Interest Payment Dates:         21 February, 21 May, 21 August and
                                21 November of each year
Books Close:                    16 to 21 February, 16 to 21 May,
                                16 to 21 August and 16 to 21 November
                                of each year
Last day to register:           By 17:00 on 15 February, 15 May,
                                15 August and 15 November of each
                                year
Date Convention:                Following
Interest Commencement Date:     23 August 2021
First Interest Payment Date:    21 November 2021
Settlement Date:                23 August 2021
Rating:                         Aaa.za(sf)/Baa1(sf)
Rating Agency:                  Moody’s Investors Service
Additional information:         Secured Class A Notes
Level of Collateralisation:     Minimum Credit Enhancement at the
                                Issue Date is 20.0%
Placement Agent:                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.

There are no additional terms and conditions or changes to the terms
and conditions to the Programme which are contained in the APS.

For further information on the Notes issued please contact:
Peet Kruger Standard Bank (Transactional Debt Sponsor)
Mobile:   +27(0)82 708 6123 Email: peet.kruger@standardbank.co.za

Johannesburg
20 August 2021

Transactional Debt Sponsor
The Standard Bank of South Africa Limited, acting through its
Corporate and Investment Banking division

Debt Sponsor
Merchantec Capital

Date: 20-08-2021 08:51:00
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