To view the PDF file, sign up for a MySharenet subscription.

NORTHAM PLATINUM LIMITED - Listing of new financial instruments NHM010 and NHM011

Release Date: 23/05/2019 12:30
Code(s): NHM010 NHM011     PDF:  
Wrap Text
Listing of new financial instruments – NHM010 and NHM011

NORTHAM PLATINUM LIMITED
Incorporated in the Republic of South Africa
(Registration number 1977/003282/06)
Debt issuer code: NHMI
Bond code: NHM010 Bond ISIN: ZAG000159229
Bond code: NHM011 Bond ISIN: ZAG000159237
(“Northam”)

LISTING OF NEW FINANCIAL INSTRUMENTS – NHM010 AND NHM011

The JSE Limited (“JSE”) has granted approval for the listing of NHM010 and NHM011 Senior Unsecured Floating
Rate Notes, under the Northam Platinum Limited ZAR2 000 000 000 Domestic Medium Term Note Programme
dated 3 August 2012 (“Programme”), as guaranteed by Booysendal Platinum Proprietary Limited, with effect
from 24 May 2019.

The details pertaining to NHM010 are as follows:

 Instrument Type:                                  Senior Unsecured Floating Rate Notes
 Total Notes in Issue:                             ZAR1 975 000 000.00 including this issue
 Instrument Code                                   NHM010
 Nominal Amount:                                   ZAR50 000 000.00
 Issue Price:                                      100%
 Interest Rate:                                    3 Month ZAR-JIBAR plus 240 bps, being 9.558% on the
                                                   first Interest Rate Determination Date (3 Month ZAR-
                                                   JIBAR as at 22 May 2019 of 7.158% plus 240 bps)
 Interest Rate Determination Date(s):              22 May 2019, 24 August 2019, 24 November 2019 and
                                                   24 February 2020 (or the first Business Day of each
                                                   Interest Period)
 Coupon Rate Indicator:                            Floating
 Issue Date:                                       24 May 2019
 Interest Commencement Date:                       24 May 2019
 Maturity Date:                                    24 May 2020
 Final Redemption Amount:                          100% of Nominal Amount
 Last Day to Register:                             By 17h00 on 13 August 2019, 13 November 2019, 13
                                                   February 2020 and 13 May 2020
 Books Close Period:                               14 August 2019, 14 November 2019, 14 February 2020
                                                   and 14 May 2020
 Interest Payment Date(s):                         24 August 2019, 24 November 2019, 24 February 2020
                                                   and 24 May 2020
 ISIN No:                                          ZAG000159229
 Business Day Convention:                          Following Business Day
 Other:                                            The applicable pricing supplement (“APS”) contains
                                                   additional terms and conditions to the terms and
                                                   conditions as contained in the Programme Memorandum,
                                                   dated 3 August 2012, (“Terms and Conditions”)
 Summary of additional terms and conditions:       The additional terms and conditions pertain to the
                                                   applicable guarantee and the amendment of Condition
                                                   16.1 (Senior Notes) by including additional Events of
                                                   Default in terms of Condition 16.1.1.9 (Other) of the
                                                   Terms and Conditions. Investors should refer to
                                                   Appendix “A” of the APS for full details of the additional
                                                   terms and conditions, available on Northam’s website:
                                                   http://www.northam.co.za/downloads/send/96-
                                                   files/1178-applicable-pricing-supplement-nhm010
The details pertaining to NHM011 are as follows:

 Instrument Type:                                  Senior Unsecured Floating Rate Notes
 Total Notes in Issue:                             ZAR1 975 000 000.00 including this issue
 Instrument Code                                   NHM011
 Nominal Amount:                                   ZAR500 000 000.00
 Issue Price:                                      100%
 Interest Rate:                                    3 Month ZAR-JIBAR plus 375 bps, being 10.908% on
                                                   the first Interest Rate Determination Date (3 Month
                                                   ZAR-JIBAR as at 22 May 2019 of 7.158% plus 375
                                                   bps)
 Interest Rate Determination Date(s):              24 May, 24 August, 24 November and 24 February of
                                                   each year (or the first Business Day of each Interest
                                                   Period) until the Maturity Date, with the first Interest
                                                   Rate Determination Date being 22 May 2019
 Coupon Rate Indicator:                            Floating
 Issue Date:                                       24 May 2019
 Interest Commencement Date:                       24 May 2019
 Maturity Date:                                    24 May 2022
 Final Redemption Amount:                          100% of Nominal Amount
 Last Day to Register:                             By 17h00 on 13 May, 13 August, 13 November and 13
                                                   February of each year until the Maturity Date
 Books Close Period:                               14 May, 14 August, 14 November and 14 February of
                                                   each year until the Maturity Date
 Interest Payment Date(s):                         24 May, 24 August, 24 November and 24 February of
                                                   each year until the Maturity Date, with the first Interest
                                                   Payment Date being 24 August 2019
 ISIN No:                                          ZAG000159237
 Business Day Convention:                          Following Business Day
 Other:                                            The APS contains additional terms and conditions to
                                                   the Terms and Conditions
 Summary of additional terms and conditions:       The additional terms and conditions pertain to the
                                                   applicable guarantee and the amendment of
                                                   Condition 16.1 (Senior Notes) by including additional
                                                   Events of Default in terms of Condition 16.1.1.9
                                                   (Other) of the Terms and Conditions. Investors should
                                                   refer to Appendix “A” of the APS for full details of the
                                                   additional terms and conditions, available on
                                                   Northam’s website:
                                                   http://www.northam.co.za/downloads/send/96-
                                                   files/1177-applicable-pricing-supplement-nhm011


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


Johannesburg
23 May 2019


Arranger, Dealer and Debt Sponsor
One Capital

Attorneys to Northam in respect of the Notes
Bowman Gilfillan Inc.

Date: 23/05/2019 12:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story