Wrap Text
New Instruments Listing
The Thekwini Fund 17 (RF) Limited
(“Thekwini 17”)
New Financial Instrument Listing Announcement
Dated: 20 May 2022
Stock Codes: TH17O3, T17A13, T17A23, TH17B3, TH17C3, TH17D3
ISIN Codes: ZAG000185984, ZAG000185927, ZAG000185935,ZAG000185950,
ZAG000185968, ZAG000185976
The JSE Limited has granted Thekwini 17 the listing of its:
- “TH17O3” Floating Rate Notes due 21 May 2023;
- “T17A13, T17A23, TH17B3, TH17C3, TH17D3” Floating Rate Notes
all due 21 February 2056 (Step up and call date 21 February
2026, except for T17A13 which has a Step up and call date of
21 February 2024);
and issued in terms of its ZAR5,000,000,000 Asset Backed Note
Programme dated on or about 11 March 2021.
Total notes outstanding (incl. this issue) ZAR4,999,957,276
Full Note details are as follows:
Designation of Note: Class Omega Note
Nominal Issued: ZAR249,000,000
Coupon Rate: 90 bps over 3 month JIBAR
Coupon Step-Up Rate: N/A
Coupon Indicator: Floating
Final Redemption Date: 21 May 2023
First Interest Payment Date: 22 August 2022
Coupon Step-Up Date: N/A
Interest Payment Dates: 22 August 2022, 21 November 2022, 21
February 2023 and 21 May 2023
Books Close: 17 August 2022, 17 November 2022, 17
February 2023 and 17 May 2023
Last day to register: By 17:00 on 16 August 2022, 16
November 2022, 16 February 2023 and
16 May 2023
Interest Commencement Date: 23 May 2022
Settlement Date: 23 May 2022
Rating: P-1.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class A1 Note
Nominal Issued: ZAR267,000,000
Coupon Rate: 128 bps over 3 month JIBAR
Coupon Step-Up Rate: 166 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 February 2056
First Interest Payment Date: 22 August 2022
Coupon Step-Up Date: 21 February 2024
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 17 February, 17 May, 17 August and 17
November of each year
Last day to register: By 17:00 on 16 February, 16 May, 16
August and 16 November of each year
Interest Commencement Date: 23 May 2022
Settlement Date: 23 May 2022
Rating: Aaa.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class A2 Note
Nominal Issued: ZAR364,000,000
Coupon Rate: 145 bps over 3 month JIBAR
Coupon Step-Up Rate: 189 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 February 2056
First Interest Payment Date: 22 August 2022
Coupon Step-Up Date: 21 February 2026
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 17 February, 17 May, 17 August and 17
November of each year
Last day to register: By 17:00 on 16 February, 16 May, 16
August and 16 November of each year
Interest Commencement Date: 23 May 2022
Settlement Date: 23 May 2022
Rating: Aaa.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class B Note
Nominal Issued: ZAR35,000,000
Coupon Rate: 170 bps over 3 month JIBAR
Coupon Step-Up Rate: 221 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 February 2056
First Interest Payment Date: 22 August 2022
Coupon Step-Up Date: 21 February 2026
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 17 February, 17 May, 17 August and 17
November of each year
Last day to register: By 17:00 on 16 February, 16 May, 16
August and 16 November of each year
Interest Commencement Date: 23 May 2022
Settlement Date: 23 May 2022
Rating: Aaa.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class C Note
Nominal Issued: ZAR30,000,000
Coupon Rate: 200 bps over 3 month JIBAR
Coupon Step-Up Rate: 200 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 February 2056
First Interest Payment Date: 22 August 2022
Coupon Step-Up Date: 21 February 2026
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 17 February, 17 May, 17 August and 17
November of each year
Last day to register: By 17:00 on 16 February, 16 May, 16
August and 16 November of each year
Interest Commencement Date: 23 May 2022
Settlement Date: 23 May 2022
Rating: A2.za (sf) by Moody’s Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Designation of Note: Class D Note
Nominal Issued: ZAR28,000,000
Coupon Rate: 350 bps over 3 month JIBAR
Coupon Step-Up Rate: 350 bps over 3 month JIBAR
Coupon Indicator: Floating
Final Redemption Date: 21 February 2056
First Interest Payment Date: 22 August 2022
Coupon Step-Up Date: 21 February 2026
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 17 February, 17 May, 17 August and 17
November of each year
Last day to register: By 17:00 on 16 February, 16 May, 16
August and 16 November of each year
Interest Commencement Date: 23 May 2022
Settlement Date: 23 May 2022
Rating: N/A
Placement Agent: The Standard Bank of South Africa
Limited
Date: 20 May 2022
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:
Nicholas Gunning Standard Bank (Sponsor) (011) 721 7112
Email: nicholas.gunning@standardbank.co.za
Date: 20-05-2022 08:53:00
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