THE THEKWINI FUND 18 (RF) LIMITED - T18A14 - New financial instrument listing announcement

T18A14 - New financial instrument listing announcement

The Thekwini Fund 18 (RF) Limited
("Thekwini 18")
New Financial Instrument Listing Announcement

Dated: 20 August 2025
Stock Codes: T18A14
ISIN Codes: ZAG000218116

The JSE Limited has granted Thekwini 18 the listing of its "T18A14" Floating Rate Notes due 21 August 2057 
(Step up and call date 21 August 2027) and issued in terms of its ZAR5,000,000,000 Asset Backed Note Programme 
dated on or about 22 September 2022.

Total notes outstanding (excl. this issue) ZAR2,665,000,000

Full Note details are as follows:

Designation of Note:            Class A1 Note
Nominal Issued:                 ZAR996,000,000
Coupon Rate:                    8.137% (being 112.0 bps over 3 month
                                JIBAR of 7.017%)
Coupon Step-Up Rate:            145.6 bps over 3 month JIBAR
Coupon Indicator:               Floating
Final Redemption Date:          21 August 2057
First Interest Payment Date:    21 November 2025
Coupon Step-Up Date:            21 August 2027
Interest Payment Dates:         21 February, 21 May, 21 August and 21
                                November of each calendar year
Books Close:                    17 February to 21 February, 17 May
                                to 21 May, 17 August to 21 August
                                and 17 November to 21 November of
                                each calendar year
Last day to register:           By 17:00 on 16 February, 16 May, 16
                                August and 16 November of each
                                calendar year
Interest Commencement Date:     21 August 2025
Settlement Date:                21 August 2025
Rating:                         Aaa.za (sf) by Moody's Investors
                                Service
Placement Agent:                The Standard Bank of South Africa
                                Limited


Debt Sponsor:                   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.

For further information on the Notes issued please contact:
Demisha Pillay - Standard Bank (Sponsor) (081) 583 4873
Email: demisha.pillay@standardbank.co.za

Date: 20-08-2025 01:15:00
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