Wrap Text
Issue of Notes Under the ZAR10 000 000 000 Domestic Medium Term Note Programme
AFRISTRAT INVESTMENT HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: ATI - ISIN: ZAE000287587
Debt Issuer Code: ATID
Hybrid Issuer Code: ATIG
(“Afristrat” or “the Company”)
Notes Series number JSE Code ISIN
Fixed Rate Notes 7 ATIFX7 ZAE000305454
Fixed Rate Notes 8 ATIFX8 ZAE000305934
Fixed Rate Notes 9 ATIFX9 ZAE000305926
ISSUE OF NOTES UNDER THE ZAR10 000 000 000 DOMESTIC MEDIUM TERM NOTE PROGRAMME
Afristrat is pleased to announce that the JSE Limited (“JSE”) has, with effect from 23 March 2022, granted the
Company the listing of its Fixed Rate Notes issued in terms of the Issuer's ZAR10 000 000 000 Domestic Medium Term
Note Programme dated 21 August 2018 ("Programme Memorandum) as detailed below:
Fixed Rate Notes
Series 7, Tranche 5
Type of issue Tap issue
Number of Notes 10 820
Nominal amount of this Tranche ZAR1 082 000.00
Issue Price ZAR100.00
Issue Date 23 March 2022
Interest Commencement Date 23 March 2022
Interest Rate 9% per annum, payable monthly in arrears on the third Monday of
each month
Interest Payment Date(s) On the third Monday of each month until Redemption Date, with the
First Interest Payment Date being 19 April 2022.
Interest Periods Each period commencing on (and including) an Interest Payment
Date and ending on (but excluding) the following Interest Payment
Date; provided that the first Interest Period will commence on (and
include) the Interest Commencement Date and end on (but exclude)
19 April 2022 (each Interest Payment Date as adjusted in
accordance with the applicable Business Day Convention).
Day Count Fraction Actual / 365
Redemption Finalisation Date 3 December 2024
Last day to trade for Redemption 10 December 2024
Redemption Record Date 13 December 2024
Redemption Date / Redemption Payment Date 17 December 2024
Removal of Notes on JSE trading system 18 December 2024
Redemption Amount ZAR1 082 000.00
Other terms applicable on Redemption On the Redemption Date, Holders of the Notes will have the option,
as the case may be, to invest in new notes being issued at the
Redemption Date in lieu of receipt of the final Redemption Amount.
Other provisions The Company shall be entitled to an administration fee in respect of
the Fixed Rate Notes of 0.25% per annum on the Issue Price,
inclusive of VAT, payable monthly in arrears on the monthly Interest
Payment Dates.
The administration fee is subject to the Value-Added Tax Act of
1991. The Company has the right to recover the monthly
administration fee, from the monthly Interest (plus the applicable
VAT thereon).
Fixed Rate Notes
Series 8, Tranche 3
Type of issue Tap issue
Number of Notes 6 812
Nominal amount of this Tranche ZAR681 200.00
Issue Price ZAR100.00
Issue Date 23 March 2022
Interest Commencement Date 23 March 2022
Interest Rate 10% per annum, payable monthly in arrears on the third Monday of
each month
Interest Payment Date(s) On the third Monday of each month until Redemption Date, with the
First Interest Payment Date being 19 April 2022.
Interest Periods Each period commencing on (and including) an Interest Payment
Date and ending on (but excluding) the following Interest Payment
Date; provided that the first Interest Period will commence on (and
include) the Interest Commencement Date and end on (but exclude)
19 April 2022 (each Interest Payment Date as adjusted in
accordance with the applicable Business Day Convention).
Day Count Fraction Actual / 365
Redemption Finalisation Date 7 January 2025
Last day to trade for Redemption 14 January 2025
Suspension of Notes on JSE trading system 15 January 2025
Redemption Record Date 17 January 2025
Redemption Date / Redemption Payment Date 20 January 2025
Removal of Notes on JSE trading system 21 January 2025
Redemption Amount ZAR681 200.00
Other terms applicable on Redemption On the Redemption Date, Holders of the Notes will have the option,
as the case may be, to invest in new notes being issued at the
Redemption Date in lieu of receipt of the final Redemption Amount.
Other provisions The Company shall be entitled to an administration fee in respect of
the Fixed Rate Notes of 0.25% per annum on the Issue Price,
inclusive of VAT, payable monthly in arrears on the monthly Interest
Payment Dates.
The administration fee is subject to the Value-Added Tax Act of 1991.
The Company has the right to recover the monthly administration
fee, from the monthly Interest (plus the applicable VAT thereon).
Fixed Rate Notes
Series 9, Tranche 3
Type of issue Tap issue
Number of Notes 15 000
Nominal amount of this Tranche ZAR1 500 000.00
Issue Price ZAR100.00
Issue Date 23 March 2022
Interest Commencement Date 23 March 2022
Interest Rate 12% per annum, payable monthly in arrears on the third Monday of
each month
Interest Payment Date(s) On the third Monday of each month until Redemption Date, with the
First Interest Payment Date being 19 April 2022.
Interest Periods Each period commencing on (and including) an Interest Payment
Date and ending on (but excluding) the following Interest Payment
Date; provided that the first Interest Period will commence on (and
include) the Interest Commencement Date and end on (but exclude)
19 April 2022 (each Interest Payment Date as adjusted in
accordance with the applicable Business Day Convention).
Day Count Fraction Actual / 365
Redemption Finalisation Date 7 January 2025
Last day to trade for Redemption 14 January 2025
Suspension of Notes on JSE trading system 15 January 2025
Redemption Record Date 17 January 2025
Redemption Date / Redemption Payment Date 20 January 2025
Removal of Notes on JSE trading system 21 January 2025
Redemption Amount ZAR1 500 000.00
Other terms applicable on Redemption On the Redemption Date, Holders of the Notes will have the option,
as the case may be, to invest in new notes being issued at the
Redemption Date in lieu of receipt of the final Redemption Amount.
Other provisions The Company shall be entitled to an administration fee in respect of
the Fixed Rate Notes of 0.25% per annum on the Issue Price,
inclusive of VAT, payable monthly in arrears on the monthly Interest
Payment Dates.
The administration fee is subject to the Value-Added Tax Act of 1991.
The Company has the right to recover the monthly administration
fee, from the monthly Interest (plus the applicable VAT thereon).
Following the listing of the Series 7 Fixed Rate Notes, Series 8 Fixed Rate Notes and the Series 9 Fixed Rate Notes
detailed in this announcement, the total amount issued under the Programme Memorandum is ZAR168 481 000.00 as
follows:
- Fixed Rate Notes: An aggregate nominal amount of R124 133 300 (comprising R330 000 issued in terms of
Series 4; R13 013 300 issued in terms of Series 5, R29 713 800 issued in terms of Series 6, R32 018 000 issued
in terms of Series 7, R20 608 200 issued in terms of Series 8 and R28 450 000 issued in terms of Series 9);
- Floating Rate Notes: An aggregate nominal amount of R23 171 600 (comprising R23 171 600 issued in terms of
Series 2); and
- Zero Coupon Notes: An aggregate nominal amount of R21 176 100 (comprising R20 433 500 issued in terms of
Series 2 and R742 600 issued in terms of Series 3).
Interest Record and Payment Dates in respect of the Notes
Declaration and finalisation announcements will be released on SENS in accordance with Schedule 4 Form A5 of the JSE
Listings Requirements.
For more information about this announcement or the Afristrat group, email investor.relations@afristrat.ltd or visit
https://afristrat.ltd/investor-relations/.
15 March 2022
Pretoria
Debt Sponsor
Merchantec Capital
Date: 15-03-2022 09:45:00
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