| Mon 20 Feb 2012, 9:56 | | NEWUSD - USD Notes - Initial offer for NewWave US dollar Exchange Traded |
|
JSE
ABSP
NEWUSD - USD Notes - Initial offer for NewWave US dollar Exchange Traded
Notes
NEWWAVE US DOLLAR EXCHANGE TRADED NOTES
("USD Notes" or the "ETNs")
ABBREVIATED NAME: NEWWVEUSD
SHARE CODE: NEWUSD
ISIN: ZAE000162608
INITIAL OFFER FOR NEWWAVE US DOLLAR 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
USD 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 USD Notes, the USD
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 USD NOTES
The USD Notes comprise US Dollar-denominated unsecured, redeemable notes
which are designed to provide both retail and institutional investors with
exposure to the US Dollar.
The USD 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
US$1
Interest Rate USD Overnight LIBOR minus the Interest
Rate Spread
Interest Rate Spread At the date of listing,
10 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 09:56:01 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.
