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Harcourt Street 1 (RF) Limited - New Financial Instrument Listing
Harcourt Street 1 (RF) Limited
New Financial Instrument Listing Announcement
ISSUE OF H10T4 SENIOR SECURED FLOATING RATE NOTES (“H10T4 NOTES”)
Application has been made to the JSE Limited (“JSE”) for the listing of ZAR250,000,000 (Two Hundred and Fifty
Million Rand) senior secured floating rate Notes (stock code H10T4), issued pursuant to Harcourt Street 1 (RF)
Limited’s Programme Memorandum dated 17 February 2016 (as amended or supplemented), the Applicable
Issuer Supplement executed by Harcourt Street 1 (RF) Limited dated 17 February 2016 (as amended and
supplemented) and the Applicable Transaction Supplement executed by Harcourt Street 1 (RF) Limited dated 18
December 2019 (as amended and supplemented) (“the Programme Documents”)
The H10T4 Notes will be issued to Noteholders on the date of listing being 21 July 2020 with effect from
commencement of trade.
Salient features of the H10T4 Notes are listed below:
Issuer Harcourt Street 1 (RF) Limited
Instrument Senior Secured Floating Rate Notes
Issue Date 21 July 2020
Nominal Amount per Note ZAR1,000,000
Interest Rate The Reference Rate plus the Margin. The
Reference Rate is three month JIBAR,
provided that the Reference Rate in respect
of the first Interest Period shall be an
interpolated rate between one month JIBAR
and three month JIBAR, as determined by
the Calculation Agent on the Issue Date
Interest Determination Date In respect of the first Interest Period, the
Issue Date. With respect to subsequent
Interest Periods, the Reference Rate will be
reset on 23 February, 23 May, 23 August
and 23 November of each year, as adjusted
in accordance with the applicable Business
Day Convention
Margin 2.70% per annum until but excluding the
Issuer Call Date (as referred to in item 14
above) stepping up to 3.20% per annum
from and including the Step up Date until
the Final Maturity Date
Final Maturity Date 23 February 2024
Optional Redemption Date (Issuer Call Date) Not Applicable
and Step-up Date
Issue price per Note 100%
Final Redemption Amount per Note Each Note shall be redeemed in cash at an
amount equal to the Principal Amount
Outstanding plus accrued but unpaid
interest, if any, to the date of redemption of
the Sub-Series of Notes, subject to the
applicable Sub-Series Priority of Payments
Interest Commencement Date Issue Date
Books Close Period from 19 February to 23 February, 19 May to
23 May, 19 August to 23 August and 19
November to 23 November in each year(all
days inclusive)
Last Day to Register By 17h00 on the Business Day immediately
preceding the first day of a Books Closed
Period, which shall mean that the Register
will be closed from 17h00 on each Last Day
to Register to the following Interest Payment
Date
Interest Payment Dates 23 February, 23 May, 23 August, 23
November in each year, or if such day is not
a Business Day, the Business Day on which
the interest will be paid, as determined in
accordance with the applicable Business
Day Convention (as referred to in item 11
above)
Business Day Convention Following Business Day
JSE Stock Code H10T4
ISIN ZAG000169608
Aggregate Nominal Amount of Notes Outstanding in the Sub- ZAR250,000,000 (Two Hundred and Fifty
Series after this issuance Million Rand)
The Pricing Supplement contains additional terms and
conditions or changes to the terms and conditions as
contained in the Programme Documents
Investors should study the Applicable Pricing Supplement for
full details of the terms and conditions applicable to these
Notes.
Date: 24 July 2020
Debt Sponsor:
Investec Bank Limited
abotha@investec.co.za
Date: 24-07-2020 04:02:00
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