| Mon 19 Aug 2024, 11:50 | | SPDA18 and SPDA19 Floating Rate notes issued |
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SPDA18 and SPDA19 Floating Rate notes issued
SuperDrive Investments (RF) Limited
Incorporated in the Republic of South Africa
(Registration number 2011/000895/06)
("SuperDrive")
General Issuer Code: BISPDR
Stock Code: SPDA18 ISIN Code: ZAG000206764
Stock Code: SPDA19 ISIN Code: ZAG000206749
New Financial Instrument Listing Announcement
The JSE Limited ("JSE") has, with effect from 21 August 2024, granted
SuperDrive the listing of its Secured Floating Rate Notes, SPDA18
and SPDA19, due (Legal Maturity) 21 August 2031, issued in terms of
its ZAR10,000,000,000 Asset Backed Domestic Medium Term Note
Programme ("Programme").
Total Notes in issue under the Programme (including this
issuance): ZAR3,618,000,000
Stock Code: SPDA18
ISIN: ZAG000206764
Nominal Issued: ZAR678,000,000
Issue Date: 21 August 2024
Issue Price: 100%
Margin: 3 month JIBAR plus 115 bps
Step-Up Margin: 40 bps to be added to the 3 month
JIBAR plus 115 bps
Coupon Rate Indicator: Floating
Trade Type: Price
Final Maturity Date: 21 August 2031
Scheduled Maturity Date: 21 August 2026
Interest Payment Dates: 21 February, 21 May, 21 August and
21 November of each year
Books Close: 16 to 21 February, 16 to 21 May,
16 to 21 August and 16 to
21 November of each year
Last day to register: By 17:00 on 15 February, 15 May,
15 August and 15 November of each
year
Date Convention: Following
Interest Commencement Date: 21 August 2024
First Interest Payment Date: 21 November 2024
Settlement Date: 21 August 2024
Rating: Aaa.za(sf)/Baa1(sf)
Rating Agency: Moody's Investor Services
Additional information: Secured Class A Notes
Level of Collateralisation: Minimum Credit Enhancement at the
Issue Date is 20.0%
Placement Agent: The Standard Bank of South Africa
Limited
Stock Code: SPDA19
ISIN: ZAG000206749
Nominal Issued: ZAR1,171,000,000
Issue Date: 21 August 2024
Issue Price: 100%
Margin: 3 month JIBAR plus 120 bps
Step-Up Margin: 40 bps to be added to the 3 month
JIBAR plus 120 bps
Coupon Rate Indicator: Floating
Trade Type: Price
Final Maturity Date: 21 August 2031
Scheduled Maturity Date: 21 August 2027
Interest Payment Dates: 21 February, 21 May, 21 August and
21 November of each year
Books Close: 16 to 21 February, 16 to 21 May,
16 to 21 August and 16 to
21 November of each year
Last day to register: By 17:00 on 15 February, 15 May,
15 August and 15 November of each
year
Date Convention: Following
Interest Commencement Date: 21 August 2024
First Interest Payment Date: 21 November 2024
Settlement Date: 21 August 2024
Rating: Aaa.za(sf)/Baa1(sf)
Rating Agency: Moody's Investors Service
Additional information: Secured Class A Notes
Level of Collateralisation: Minimum Credit Enhancement at the
Issue Date is 20.0%
Placement Agent: The Standard Bank of South Africa
Limited
Notes will be deposited in the Central Depository ("CSD") and
settlement will take place electronically in terms of JSE Rules.
There are no additional terms and conditions or changes to the terms
and conditions to the Programme which are contained in the APS.
For further information on the Notes issued please contact:
Megan Kriel Standard Bank (Transactional Debt Sponsor)
Mobile: +27(0)11 631 4905
Email: megan.kriel@standardbank.co.za
Johannesburg
19 August 2024
Transactional Debt Sponsor
The Standard Bank of South Africa Limited, acting through its
Corporate and Investment Banking division
Debt Sponsor
Merchantec Capital
Date: 19-08-2024 11:50:00
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