| Thu 27 Mar 2025, 10:59 | | Sustainable Notes: New Financial Instruments Listing – IDCS01; IDCS02; IDCS03, IDCS04 and IDCS05 |
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Sustainable Notes: New Financial Instruments Listing – IDCS01; IDCS02; IDCS03, IDCS04 and IDCS05
Industrial Development Corporation of South Africa Limited Incorporated in the
Republic of South Africa)
Registration No. 1940/014201/06) Issuer code:
IN02
Bond Code: IDCS01 ISIN No: ZAG000213984
Bond Code: IDCS02 ISIN No: ZAG000213992
Bond Code: IDCS03 ISIN No: ZAG000213950
Bond Code: IDCS04 ISIN No: ZAG000213968
Bond Code: IDCS05 ISIN No: ZAG000213976
(the "IDC")
SUSTAINABLE NOTES: NEW FINANCIAL INSTRUMENTS LISTING – IDCS01; IDCS02; IDCS03, IDCS04 and IDCS05
The JSE Limited has granted a listing of sustainable notes under the IDC's Domestic Medium Term Note Programme, on the
Interest Rate Market.
Authorized Programme Size R 50 000 000 000.00
Total Notes in issue R 33 676 000 000.00 (Excluding these tranches)
Full note details are set out below:
Bond Code IDCS01
Nominal Value R 171 000 000.00
Instrument Type Floating Rate Note
Issue price 100%
Coupon 3 Month JIBAR plus 185bps
Coupon Rate Indicator Floating
Trade Type Price
Final Redemption Date 28 March 2030
Books Close Date(s) Each period from (and including) 18 March to 27 March,
18 June to 27 June, 18 September to 27 September and 18 December to 27
December of each year, being 10 (ten) days prior to each Interest Payment
Date and/or the Applicable Redemption Date
Interest Payment Date(s) Quarterly in arrears on 2 8 M a r c h, 2 8 J u n e, 2 8 S e p t e m b e r, and
28 December or, if any such day is not a Business Day, the Business Day on
which interest will be paid as determined in accordance with the applicable
Business Day Convention. This shall be in each year for the period from (and
including) the Interest Commencement Date to (but excluding) the Applicable
Redemption Date
Interest Determination Date(s) The first day of each Interest Period; provided that the Rate
Determination Date for the first Interest Period shall be 20 March 2025
Last day to register By 17H00 (South Africa time) on 17 March, 17 June,
17 September and 17 December of each year until the Applicable Redemption
Date
Issue Date 28 March 2025
Date Convention Following
Interest Commencement Date 28 March 2025
First Interest Payment Date 28 June 2025
ISIN No ZAG000213984
Additional Information Senior, Unsecured
Full note details are set out below:
Bond Code IDCS02
Nominal Value R 755 000 000.00
Instrument Type Floating Rate Note
Issue price 100%
Coupon 3 Month JIBAR plus 200bps
Coupon Rate Indicator Floating
Trade Type Price
Final Redemption Date 28 March 2032
Books Close Date(s) Each period from (and including) 18 March to 27 March, 18 June to 27 June,
18 September to 27 September and 18 December to 27 December of each
year, being 10 (ten) days prior to each Interest Payment Date and/or the
Applicable Redemption Date
Interest Payment Date(s) Quarterly in arrears on 2 8 M a r c h, 2 8 J u n e, 2 8 S e p t e m b e r, a n d
28 December or, if any such day is not a Business Day, the Business Day on
which interest will be paid as determined in accordance with the applicable
Business Day Convention. This shall be in each year for the period from (and
including) the Interest Commencement Date to (but excluding) the Applicable
Redemption Date
Interest Determination Date(s) The first day of each Interest Period; provided that the Rate
Determination Date for the first Interest Period shall be 20 March
2025.
Last day to register By 17H00 (South Africa time) on 17 March, 17 June, 17 September
and 17 December of each year until the Applicable Redemption Date
Issue Date 28 March 2025
Date Convention Following
Interest Commencement Date 28 March 2025
First Interest Payment Date 28 June 2025
ISIN No ZAG000213992
Additional Information Senior, Unsecured
Full note details are set out below:
Bond Code IDCS03
Nominal Value R 750 000 000.00
Instrument Type Floating Rate Note
Issue price 100%
Coupon 3 Month JIBAR plus 230bps
Coupon Rate Indicator Floating
Trade Type Price
Final Redemption Date 28 March 2035
Books Close Date(s) Each period from (and including) 18 March to 27 March, 18 June to 27 June,
18 September to 27 September and 18 December to 27 December of each
year, being 10 (ten) days prior to each Interest Payment Date and/or the
Applicable Redemption Date.
Interest Payment Date(s) Quarterly in arrears on 28 March, 2 8 J u n e , 2 8 S e p t e m b e r , and
28 December or, if any such day is not a Business Day, the Business Day on
which interest will be paid as determined in accordance with the applicable
Business Day Convention. This shall be in each year for the period from (and
including) the Interest Commencement Date to (but excluding) the Applicable
Redemption Date.
Interest Determination Date(s) The first day of each Interest Period; provided that the Rate Determination
Date for the first Interest Period shall be 20 March 2025.
Last day to register By 17H00 (South Africa time) on 17 March, 17 June, 17 September,
and 17 December of each year until the Applicable Redemption Date
Issue Date 28 March 2025
Date Convention Following
Interest Commencement Date 28 March 2025
First Interest Payment Date 28 June 2025
ISIN No ZAG000213950
Additional Information Senior, Unsecured
Full note details are set out below:
Bond Code IDCS04
Nominal Value R270 000 000.00
Instrument Type Fixed Rate Note
Issue price 100%
Coupon 11.57%
Coupon Rate Indicator Fixed
Trade Type Price
Final Redemption Date 28 March 2035
Books Close Date(s) Each period from (and including) 18 March to 27 March and
18 September to 27 September of each year, being 10 (ten) days prior to each
Interest Payment Date and/or the Applicable Redemption Date.
Interest Payment Date(s) Semi-annually in arrears on 28 September and 28 March or, if any such day is not
a Business Day, the Business Day on which interest will be paid as determined
in accordance with the applicable Business Day Convention. This shall be in
each year for the period from (and including) the Interest Commencement Date
to (but excluding) the Applicable Redemption Date.
Last day to register By 17H00 (South Africa time) on 17 March and 17 September of each year
until the Applicable Redemption Date
Issue Date 28 March 2025
Date Convention Following
Interest Commencement Date 25 March 2025
First Interest Payment Date 28 September 2025
ISIN No ZAG000213968
Additional Information Senior, Unsecured
Full note details are set out below:
Bond Code IDCS05
Nominal Value R 100 000 000.00
Instrument Type Floating Rate Note
Issue price 100%
Coupon 3 Month JIBAR plus 249bps
Coupon Rate Indicator Floating
Trade Type Price
Final Redemption Date 28 March 2037
Books Close Date(s) Each period from (and including) 18 March to 27 March, 18 June to 27 June,
18 September to 27 September and 18 December to 27 December of each
year, being 10 (ten) days prior to each Interest Payment Date and/or the
Applicable Redemption Date.
Interest Payment Date(s) Quarterly in arrears on 28 March, 2 8 J u n e , 2 8 S e p t e m b e r , and
28 December or, if any such day is not a Business Day, the Business Day on
which interest will be paid as determined in accordance with the applicable
Business Day Convention. This shall be in each year for the period from (and
including) the Interest Commencement Date to (but excluding) the Applicable
Redemption Date.
Interest Determination Date(s) The first day of each Interest Period; provided that the Rate Determination
Date for the first Interest Period shall be 20 March 2025.
Last day to register By 17H00 (South Africa time) on 17 March, 17 June, 17 September,
and 17 December of each year until the Applicable Redemption Date
Issue Date 28 March 2025
Date Convention Following
Interest Commencement Date 28 March 2025
First Interest Payment Date 28 June 2025
ISIN No ZAG000213976
Additional Information Senior, Unsecured
Johannesburg
27 March 2025
Debt sponsor
The Standard Bank of South Africa Limited
Date: 27-03-2025 10:59:00
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