| Mon 20 Feb 2012, 9:55 | | NEWGBP - GBP Notes - Initial Offer for Newwave Pound Sterling Exchange Traded |
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JSE
ABSP
NEWGBP - GBP Notes - Initial Offer for Newwave Pound Sterling Exchange Traded
Notes
NEWWAVE POUND STERLING DOLLAR EXCHANGE TRADED NOTES
("GBP Notes" or the "ETNs")
ABBREVIATED NAME: NEWWVEGBP
SHARE CODE: NEWGBP
ISIN: ZAE000162558
INITIAL OFFER FOR NEWWAVE POUND STERLING EXCHANGE TRADED NOTES
This announcement is issued in compliance with section 19.60 of the JSE Listings
Requirements for information purposes only. The information set out below has
been extracted from the NewWave Pricing Supplement applicable to GBP Notes
("Applicable Pricing Supplement"), as read with the NewWave Currency Notes
Product Supplement and the NewWave Programme Memorandum (all dated 20 February
2012) (collectively, the "offering documents"), which are available as set out
below.
The Notes will be offered and issued to the public pursuant to the offer, the
specific terms and conditions of which are set out in the Applicable Pricing
Supplement. Subject to the approval of the JSE Limited ("JSE") and applications
being received for a minimum of 1 million GBP Notes, the GBP Notes are intended
to be listed on the main board of the JSE in the JSE`s ETN sub-sector, with
effect from Monday, 12 March 2012.
DESCRIPTION OF GBP NOTES
The GBP Notes comprise Pound Sterling-denominated unsecured, redeemable notes
which are designed to provide both retail and institutional investors with
exposure to the Pound Sterling.
The GBP Notes will pay interest semi-annually and on redemption and maturity
will pay the Redemption Value including any accrued and unpaid interest.
Minimum subscriptions ZAR1,000
Initial Issue Price The ZAR equivalent on the Initial Valuation Date of
GBP 1.00
Interest Rate GBP Overnight LIBOR minus the
Interest Rate Spread
Interest Rate Spread At the date of listing,
20 basis points
Interest Payment 28 February and 31 August
Dates
Initial Issue Date 12 March 2012
Maturity Date On or about 12 March 2042
2. SALIENT DATES AND TIMES OF INITIAL OFFER AND FURTHER ANNOUNCEMENT
The salient dates and times of the Offer are set out below:
Opening date of Offer 20 February 2012
Closing date of Offer 27 February 2012*
Initial Valuation Date 2 March 2012
Publication on SENS 5 March 2012
of results of Offer,
including Initial
Issue Price
Issue Date 12 March 2012
*The Offer Period may be extended by notice on SENS. Investors must advise their
Central Securities Depository Participant ("CSDP") or broker of their acceptance
of the Offer in the manner and by the cut-off time stipulated by their CSDP or
broker.
AVAILABILITY OF DOCUMENTATION
Copies of the offering documents, and application form in English, may be
obtained during normal business hours from Absa Capital, Investments team, 15
Alice Lane, Sandton (+27 11 895 5517) or on the website
(www.absacapitaletfs.com).
Sandton
20 February 2012
Originator, corporate advisor and sponsor
Absa Capital
(the investment banking division of Absa Bank Limited, affiliated with Barclays
Capital)
Legal and tax advisors
Edward Nathan Sonnenbergs Inc.
Date: 20/02/2012 09:55:02 Produced by the JSE SENS Department.
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