| Mon 20 Feb 2012, 9:58 | | NEWEUR - Newwave Euro Exchange Traded Notes - Initial offer for Newwave Euro |
|
JSE
ABSP
NEWEUR - Newwave Euro Exchange Traded Notes - Initial offer for Newwave Euro
Exchange traded notes
NEWWAVE EURO EXCHANGE TRADED NOTES
("EURO Notes" or the ETNs")
ABBREVIATED NAME: NEWWVEEUR
SHARE CODE: NEWEUR
ISIN: ZAE000162541
INITIAL OFFER FOR NEWWAVE EURO 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 EURO 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 EURO Notes, the EURO 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 EURO NOTES
The EURO Notes comprise EURO-denominated unsecured, redeemable notes which are
designed to provide both retail and institutional investors with exposure to the
EURO.
The EURO 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 EURO 1.00
Interest Rate Euro 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 09:58:01 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.
