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BURSTONE GROUP LIMITED - New Financial Instrument Listing BTNC4

Release Date: 15/04/2024 08:50
Code(s): BTNC4     PDF:  
Wrap Text
New Financial Instrument Listing – BTNC4

Burstone Group Limited
Approved as a REIT by the JSE
(Incorporated in the Republic of South Africa)
(Registration Number 2008/011366/06)
("Burstone")

New Financial Instrument Listing – BTNC4

The JSE Limited has granted a listing to Burstone on the Interest Rate Market with effect from 16 April 2024.

Debt security code                         BTNC4
Nominal Issued                             R377,300,000
Issue Price                                100%
Coupon                                     3-month JIBAR plus Margin
Margin                                     75 bps
Coupon Rate Indicator                      Floating
Issue Date                                 16 April 2024
Interest Commencement Date                 16 April 2024 and 16 July 2024
Interest Rate Determination Date           Issue Date and 16 July 2024
First Interest Payment Date                16 July 2024
Final Maturity Date/ Redemption Date       16 October 2024
Interest Payment Date(s)                   16 July 2024 and, 16 October 2024 being the Redemption Date
Interest Period                            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) 16 July 2024 (each Interest Payment Date as adjusted in
                                           accordance with the Applicable Business Day Convention)
Last Day to Register                       5 July 2024 and 5 October 2024 or if such day is not a Business
                                           Day, the Business Day immediately preceding the Books Closed
                                           Period
Books Closed Period                        The Register will be closed from 6 July 2024 to 16 July 2024 and
                                           from 6 October 2024 to 16 October 2024 (all dates inclusive)
ISIN No.                                   ZAG000204355
Additional Information                     Senior Unsecured
Total Notes in issue under Programme       R5,470,000,000 Notes in issue after this issuance


The Pricing Supplement contains financial covenants applicable in respect of the BTNC4 Notes. Investors
should study the Applicable Pricing Supplement for full details of the terms and conditions applicable to these
Notes.


15 April 2024


Johannesburg
Debt Sponsor
Investec Bank Limited

Date: 15-04-2024 08:50:00
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