| Fri 26 Nov 2021, 9:00 | | New Financial Instrument Listing Announcement - Transsec 5 (RF) Limited |
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New Financial Instrument Listing Announcement - Transsec 5 (RF) Limited
Transsec 5 (RF) Limited
Instrument code: TR5OM2 ISIN: ZAG000181538
Instrument code: TR5A12 ISIN: ZAG000181546
Instrument code: TR5A22 ISIN: ZAG000181561
Instrument code: TRA5B2 ISIN: ZAG000181587
Instrument code: TRA5C2 ISIN: ZAG000181579
New Financial Instrument Listing Announcement
Dated: 26 November 2021
The JSE Limited has granted a financial instrument listing to
Transsec 5 (RF) Limited “TR5OM2” Floating Rate Note due 20 December
2022, and “TR5A12, TR5A22, TRA5B2 and TRA5C2”, Floating Rate Notes,
all due 20 June 2031 in terms of its Programme Memorandum dated on
or about 14 May 2021.
Authorised Programme size ZAR 2,500,000,000.00
Total notes issued (incl. this issue) ZAR 1,443,000,000.00
Full Note details are as follows:
Designation of Note: Class Omega Note
Nominal Issued: ZAR 75,000,000.00
Coupon Rate: 4.650% (being 80 bps over 3
month JIBAR of 3.850%)
Coupon Step-Up Rate: N/A
Coupon Indicator: Floating
Maturity Date: 20 December 2022
First Interest Payment Date: 20 March 2022
Coupon Step-Up Date: N/A
Interest Payment Dates: 20 March 2022, 20 June 2022, 20
September 2022 and 20 December
2022
Books Close: 16 March 2022, 16 June 2022, 16
September 2022 and 16 December
2022
Last day to register: By 17:00 on 15 March 2022, 15
June 2022, 15 September 2022
and 15 December 2022
Interest Commencement Date: 29 November 2021
Settlement Date: 29 November 2021
Rating: P-1.za (sf) by Moody’s
Investors Service Limited
“Moody’s”
Designation of Note: Class A1 Note
Nominal Issued: ZAR 172,000,000.00
Coupon Rate: 5.280% (being 143 bps over 3
month JIBAR of 3.850%)
Coupon Step-Up Rate: 186 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 20 June 2031
First Interest Payment Date: 20 March 2022
Coupon Step-Up Date: 20 June 2024
Interest Payment Dates: 20 March, 20 June, 20
September, 20 December of each
year
Books Close: 16 March, 16 June, 16
September, 16 December of each
year
Last day to register: By 17:00 on 15 March, 15 June,
15 September, 15 December of
each year
Interest Commencement Date: 29 November 2021
Settlement Date: 29 November 2021
Rating: Aaa.za (sf) by Moody’s
Designation of Note: Class A2 Note
Nominal Issued: ZAR 174,000,000.00
Coupon Rate: 5.540% (being 169 bps over 3
month JIBAR of 3.850%)
Coupon Step-Up Rate: 220 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 20 June 2031
First Interest Payment Date: 20 March 2022
Coupon Step-Up Date: 20 June 2026
Interest Payment Dates: 20 March, 20 June, 20
September, 20 December of each
year
Books Close: 16 March, 16 June, 16
September, 16 December of each
year
Last day to register: By 17:00 on 15 March, 15 June,
15 September, 15 December of
each year
Interest Commencement Date: 29 November 2021
Settlement Date: 29 November 2021
Rating: Aaa.za (sf) by Moody’s
Designation of Note: Class B2 Note
Nominal Issued: ZAR 87,000,000.00
Coupon Rate: 5.800% (being 195 bps over 3
month JIBAR of 3.850%)
Coupon Step-Up Rate: 254 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 20 June 2031
First Interest Payment Date: 20 March 2022
Coupon Step-Up Date: 20 June 2026
Interest Payment Dates: 20 March, 20 June, 20
September, 20 December of each
year
Books Close: 16 March, 16 June, 16
September, 16 December of each
year
Last day to register: By 17:00 on 16 March, 16 June,
16 September and 16 December of
each year
Interest Commencement Date: 29 November 2021
Settlement Date: 29 November 2021
Rating: Aa2.za (sf) by Moody’s
Designation of Note: Class C2 Note
Nominal Issued: ZAR 35,000,000.00
Coupon Rate: 7.750% (being 390 bps over 3
month JIBAR of 3.850%)
Coupon Step-Up Rate: 507 bps over 3 month JIBAR
Coupon Indicator: Floating
Maturity Date: 20 June 2031
First Interest Payment Date: 20 March 2022
Coupon Step-Up Date: 20 June 2026
Interest Payment Dates: 20 March, 20 June, 20
September, 20 December of each
year
Books Close: 16 March, 16 June, 16
September, 16 December of each
year
Last day to register: By 17:00 on By 17:00 on 15
March, 15 June, 15 September
and 15 December of each year
Interest Commencement Date: 29 November 2021
Settlement Date: 29 November 2021
Rating: Not rated
Co-arrangers: The Standard Bank of South Africa Limited (“Standard
Bank”) and SA Taxi Holdings Proprietary Limited
Debt Sponsor: Standard Bank
Notes will be deposited in the Central Depository (“CSD”) and
settlement will take place electronically in terms of the JSE
Rules.
Further information on the Note issued please contact:
Peet Kruger
Standard Bank
+27 82 708 6123
Email: peet.kruger@standardbank.co.za
Date: 26-11-2021 09:00:00
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