URBAN UBOMI 1 (RF) LIMITED - Urban Ubomi 3rd Tap Issuance

Urban Ubomi 3rd Tap Issuance

Urban Ubomi 1 (RF) Limited
(“Urban Ubomi 1”)
New Financial Instrument Listing Announcement

Dated: 04 May 2023
Stock Codes: UU1A10, UU1A11, UU1B04, UU1C04
ISIN Codes: ZAG000195637, ZAG000195645, ZAG000195652,ZAG000195611

The JSE Limited has granted Urban Ubomi 1 the listing of its “UU1A10,
UU1A11,UU1B04, UU1C04” Floating Rate Notes, all due 15 May 2043
(Step up and call date 15 May 2026, except for UU1A10 which has a
Step up and call date of 15 May 2024), and issued in terms of its
ZAR2,500,000,000 Asset Backed Note Programme dated on or about 12
March 2021.

Total notes outstanding (incl. this issue) ZAR1,516,729,862

Full Note details are as follows:

Designation of Note:            Class A10 Note
Nominal Issued:                 ZAR50,000,000
Coupon Rate:                    145bps over 3 month JIBAR
Coupon Step-Up Rate:            189bps over 3 month JIBAR
Coupon Indicator:               Floating
Final Redemption Date:          15 May 2043
First Interest Payment Date:    15 August 2023
Coupon Step-Up Date:            15 May 2024
Interest Payment Dates:         15 February, 15 May, 15 August and 15
                                November of each year
Books Close:                    10 February, 10 May, 10 August and 10
                                November of each year
Last day to register:           By 17:00 on 9 February, 9 May, 9
                                August and 9 November of each year
Interest Commencement Date:     05 May 2023
Settlement Date:                05 May 2023
Rating:                         AAA(za)(sf) by GCR
Placement Agent:                The Standard Bank of South Africa

Designation of Note:            Class A11 Note
Nominal Issued:                 ZAR135,000,000
Coupon Rate:                    235bps over 3 month JIBAR
Coupon Step-Up Rate:            306bps over 3 month JIBAR
Coupon Indicator:               Floating
Final Redemption Date:          15 May 2043
First Interest Payment Date:    15 August 2023
Coupon Step-Up Date:            15 May 2026
Interest Payment Dates:         15 February, 15 May, 15 August and 15
                                November of each year
Books Close:                    10 February, 10 May, 10 August and 10
                                November of each year
Last day to register:           By 17:00 on 9 February, 9 May, 9
                                August and 9 November of each year
Interest Commencement Date:    05 May 2023
Settlement Date:               05 May 2023
Rating:                        AA+(za)(sf) by GCR
Placement Agent:               The Standard Bank of South Africa


Designation of Note:           Class B Note
Nominal Issued:                ZAR30,000,000
Coupon Rate:                   275bps over 3 month JIBAR
Coupon Step-Up Rate:           358bps over 3 month JIBAR
Coupon Indicator:              Floating
Final Redemption Date:         15 May 2043
First Interest Payment Date:   15 August 2023
Coupon Step-Up Date:           15 May 2026
Interest Payment Dates:        15 February, 15 May, 15 August and 15
                               November of each year
Books Close:                   10 February, 10 May, 10 August and 10
                               November of each year
Last day to register:          By 17:00 on 9 February, 9 May, 9
                               August and 9 November of each year
Interest Commencement Date:    05 May 2023
Settlement Date:               05 May 2023
Rating:                        A+(za)(sf) by GCR
Placement Agent:               The Standard Bank of South Africa



Designation of Note:           Class C Note
Nominal Issued:                ZAR10,000,000
Coupon Rate:                   370bps over 3 month JIBAR
Coupon Step-Up Rate:           481bps over 3 month JIBAR
Coupon Indicator:              Floating
Final Redemption Date:         15 May 2043
First Interest Payment Date:   15 August 2023
Coupon Step-Up Date:           15 May 2026
Interest Payment Dates:        15 February, 15 May, 15 August and 15
                               November of each year
Books Close:                   10 February, 10 May, 10 August and 10
                               November of each year
Last day to register:          By 17:00 on 9 February, 9 May, 9
                               August and 9 November of each year
Interest Commencement Date:    05 May 2023
Settlement Date:               05 May 2023
Rating:                        BBB+(za)(sf) by GCR
Placement Agent:               The Standard Bank of South Africa

Notes will be deposited in the Central Securities Depository (“CSD”)
and settlement will take place electronically in terms of JSE Rules.

For further information on the Notes issued please contact:
Chris Mparutsa Standard Bank (Sponsor) (011) 721 6553
Email: christian.mparutsa@standardbank.co.za

Date: 04-05-2023 02:00:00
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