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

ECSPONENT LIMITED - Issue of Notes under the ZAR10,000,000,000 Domestic Medium Term Note Programme

Release Date: 15/07/2019 11:15
Code(s): ECS ECSFX1 ECSFL1 ECSZR1 ECSFX2 ECSFX3     PDF:  
Wrap Text
Issue of Notes under the ZAR10,000,000,000 Domestic Medium Term Note Programme

 ECSPONENT LIMITED
 Incorporated in the Republic of South Africa
 Registration number: 1998/013215/06
 JSE Code: ECS - ISIN: ZAE000179594
 Debt Issuer Codes: ECSP and ECSD
 (“the Company” or “Ecsponent”)

  Notes                              Series number         JSE Code                  ISIN
  Fixed Rate Notes                   1                     ECSFX1                    ZAE000265393
  Fixed Rate Notes                   2                     ECSFX2                    ZAE000266813
  Fixed Rate Notes                   3                     ECSFX3                    ZAE000266821
  Floating Rate Notes                1                     ECSFL1                    ZAE000265401
  Zero Coupon Notes                  1                     ECSZR1                    ZAE000265419
Issue of Notes under the ZAR10,000,000,000 Domestic Medium Term Note Programme

The Company is pleased to announce that the Notes summarised in the table below will be issued and listed
as detailed in the table.

                                                   Fixed Rate Notes                   Fixed Rate Notes                  Fixed Rate Notes
                                                            Series 1                           Series 2                          Series 3
  Type of issue                                            Tap issue                          Tap issue                         Tap issue

  Number of Notes                                              1 000                             26 000                           30 000

  Nominal amount of this Tranche                           R100 000                          R2 600 000                       R3 000 000

  Issue Price per Preference Share                             R100                                R100                             R100
  Issue date                                            16 July 2019                       16 July 2019                      16 July 2019

  Interest Commencement Date                           18 June 2019                        18 June 2019                     18 June 2019

  Interest Rate                              9% per annum, payable           10% per annum, payable             12% per annum, payable
                                           monthly in arrears on the    monthly in arrears on the third         monthly in arrears on the
                                       third Monday of each month             Monday of each month          third Monday of each month

  Implied yield                                                 N/A                                 N/A                              N/A

  First interest payment date                           22 July 2019                       22 July 2019                      22 July 2019

  Interest periods                      Each period commencing on          Each period commencing on         Each period commencing on
                                          (and including) an Interest        (and including) an Interest       (and including) an Interest
                                       Payment Date and ending on         Payment Date and ending on        Payment Date and ending on
                                       (but excluding) the following       (but excluding) the following    (but excluding) the following
                                             Interest Payment Date;              Interest Payment Date;           Interest Payment Date;
                                              provided that the first    provided that the first Interest          provided that the first
                                                 Interest Period will    Period will commence on (and                 Interest Period will
                                        commence on (and include)                   include) the interest    commence on (and include)
                                       the interest commencement         commencement date and end          the interest commencement
                                               date and end on (but       on (but exclude) 22 July 2019             date and end on (but
                                         exclude) 22 July 2019 (each    (each Interest Payment Date as        exclude) 22 July 2019 (each
                                           Interest Payment Date as         adjusted in accordance with         Interest Payment Date as
                                        adjusted in accordance with                                          adjusted in accordance with
                                    the applicable Business Day          the applicable Business Day    the applicable Business Day
                                                   Convention).                         Convention).                   Convention).
 Any other items relating to the                    Actual / 365                         Actual / 365                   Actual / 365
 particular method of calculating
 dividends
 Redemption Record Date                         14 January 2022                      14 January 2022               14 January 2022

 Redemption Payment Date                        17 January 2022                      17 January 2022               17 January 2022

 Redemption Amount                                          R100                               R100                             R100




                                                            Floating Rate Notes                           Zero Coupon Notes
                                                                        Series 1                                    Series 1
 Type of issue                                                         Tap issue                                   Tap issue

 Number of Notes                                                          49 420                                       12 800

 Nominal amount of this Tranche                                       R4 942 000                                  R1 280 000

 Issue Price per Preference Share                                           R100                                        R100
 Issue date                                                         16 July 2019                                 16 July 2019

 Interest Commencement Date                                        18 June 2019                                           N/A

 Interest Rate                              Prime (which as at the Issue Date is                                          N/A
                                          10.25%) plus 1.5% per annum (nacm)
                                        payable monthly in arrears on the third
                                                       Monday of each month
 Implied yield                                                             N/A                      10.66% per annum (NACM)

 First interest payment date                                        22 July 2019                                          N/A

 Interest periods                              Each period commencing on (and                                             N/A
                                        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) 22 July 2019
                                    (each Interest Payment Date as adjusted in
                                        accordance with the applicable Business
                                                                 Day Convention).
 Any other items relating to the                                      Actual / 365                               Actual / 365
 particular method of calculating
 dividends
 Redemption Record Date                                      10 December 2021                              10 December 2021

 Redemption Payment Date                                     13 December 2021                              13 December 2021

 Redemption Amount                                                          R100                                     R137.49



Following the listing of the additional Notes detailed in this announcement, the total amount issued under
the Domestic Medium Term Note Programme is R57 665 000.00.
Interest Record and Payment Dates in respect of the Notes
Declaration and finalisation announcements will be released on SENS, in compliance with Schedule 4 Form A5 of
the JSE Listings Requirements.


Other relevant information in respect of the Notes:
The Company shall be entitled to an administration fee in respect of the Notes of 0.25% per annum on the Initial
Issue Price, inclusive of VAT, payable monthly in arrears on the Monthly Interest Payment Dates, in respect of
the Fixed and Floating Rate Notes, and on redemption in respect of the Zero-Coupon Notes.
The administration fee is subject to the Value-Added Tax Act of 1991. The Company has the right to recover the
monthly administration fee, from the monthly interest on the Notes (plus the applicable VAT thereon)

For more information about this announcement or the Ecsponent group, email:
investor.relations@ecsponent.com or visit www.ecsponentlimited.com/investor-relations

15 July 2019
Pretoria

Sponsor to Ecsponent




Questco Corporate Advisory (Pty) Ltd

Date: 15/07/2019 11:15:00
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