Wrap Text
Results of the Bookbuild for the Agrarius Sustainability-Linked Asset-Backed Sukuk, Focussing on the Agri Sector
AGRARIUS SUSTAINABILITY ENGINEERED (RF) LIMITED
Incorporated in the Republic of South Africa with limited liability
(Registration Number: 2022/521382/06)
Alpha Code: “AGRI”
(“Agrarius” or “the Company”)
RESULTS OF THE BOOKBUILD FOR THE AGRARIUS SUSTAINABILITY-LINKED ASSET-BACKED SUKUK,
FOCUSSING ON THE AGRI SECTOR
NOT FOR PUBLIC RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO ANY
JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION
Further to the announcements published on SENS on Tuesday, the 18th and Wednesday, the 19th of October 2022,
relating to the bookbuild (“Bookbuild”) for the Agrarius senior secured, floating rate sustainability-linked asset
backed Sukuk notes (“Agrarius Sukuk”), the Company is pleased to announce that the Bookbuild was
oversubscribed by investors, with subscriptions to the value of R520million having been received, of which
R500million was within price guidance.
The Agrarius Sukuk is the first of its kind to list on the JSE and the proceeds from the issuance will be invested by
the Company in sustainable and green projects and transactions in the agriculture sector value chain.
Investors who participated in the Bookbuild include high net worth individuals, family offices and institutional
investors, from both Shari’ah compliant and non-Shari’ah compliant investor bases, with the final Bookbuild having
been allocated to 7 unique Institutions, made up of a range of fund managers, retirement funds, medical aid funds
and insurance institutions and 32 individuals and family offices.
Investors are advised that the listing date has been amended from Tuesday, 25 October 2022, to Friday, 28 October
2022, subject to the approval of the final signed Applicable Pricing Supplement by the JSE.
Final terms of the inaugural issue are set out below.
Total nominal value of inaugural issue R500,000,000
Final margin 4,75%
Final profit participation rate: Reference Rate (3 month JIBAR) plus 4,75%
Issue Date Friday, 28 October 2022
Maturity Date Thursday, 28 October 2025, unless redeemed on any
Optional Dissolution Date and/or Early Dissolution
Date. If any such date is not a Business Day, the date
determined in terms of the Following Business Day
Convention
21 October 2022
Rosebank
JSE Debt Sponsor – Questco Corporate Advisory Proprietary Limited
JSE Debt Officer – Johan Fourie, 27four Investment Managers
Administrator
JSE Debt Sponsor 27four Investment Managers
Questco Corporate Advisory Proprietary Limited
Company Secretary Lead Dealer
Fusion Corporate Secretarial Services Proprietary Moore Debt Advisory JHB
Limited
Date: 21-10-2022 11:55:00
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