Wrap Text
New Instruments Listing
The Thekwini Fund 19 (RF) Limited
("Thekwini 19")
Issuer Code: TKWI19
New Financial Instrument Listing Announcement
Dated: 20 November 2024
Stock Codes: TH19O4, T19A14, T19A24, TH19B4, TH19C4, TH19D4
ISIN Codes: ZAG000210055, ZAG000210022, ZAG000210030,
ZAG000210089, ZAG000210071, ZAG000210063
The JSE Limited has granted Thekwini 19 the listing of its:
- "TH19O4" Floating Rate Notes due 21 November 2025;
- "T19A14, T19A24, TH19B4, TH19C4, TH19D4" Floating Rate Notes
all due 21 November 2060 (Step-up and call date 21 November
2028, except for T19A13 which has a Step-up and call date of
21 November 2026); and
and issued in terms of its ZAR5,000,000,000 Asset Backed Note
Programme dated on or about 22 November 2023.
Total notes outstanding (incl. this issue) ZAR4,999,779,136
Full Note details are as follows:
Bond Code: TH19O4
Designation of Note: Class Omega Note
Nominal Issued: ZAR163,000,000
Coupon Rate: 8.663% (being 73bps over 3-month
JIBAR of 7.933%)
Issue Price: 100%
Coupon Step-Up Rate: N/A
Coupon Indicator: Floating
Final Redemption Date: 21 November 2025
First Interest Payment Date: 21 February 2025
Coupon Step-Up Date: N/A
Interest Payment Dates: 21 February 2025, 21 May 2025, 21
August 2025 and 21 November 2025
Books Close: 16 February 2025, 16 May 2025, 16
August 2025 and 16 November 2025
Last day to register: By 17:00 on 15 February 2025, 15 May
2025, 15 August 2025 and 15 November
2025
Interest Commencement Date: 21 November 2024
Settlement Date: 21 November 2024
Rating: P-1.za (sf) by Moody's Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Bond Code: T19A14
Designation of Note: Class A1 Note
Nominal Issued: ZAR280,000,000
Coupon Rate: 9.083% (being 115bps over 3-month
JIBAR of 7.933%)
Coupon Step-Up Rate: 150bps over 3-month JIBAR
Issue Price: 100%
Coupon Indicator: Floating
Final Redemption Date: 21 November 2060
First Interest Payment Date: 21 February 2025
Coupon Step-Up Date: 21 November 2026
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 16 February, 16 May, 16 August and 16
November of each year
Last day to register: By 17:00 on 15 February, 15 May, 15
August and 15 November of each year
Interest Commencement Date: 21 November 2024
Settlement Date: 21 November 2024
Rating: Aaa.za (sf) by Moody's Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Bond Code: T19A24
Designation of Note: Class A2 Note
Nominal Issued: ZAR393,000,000
Coupon Rate: 9.203% (being 127bps over 3-month
JIBAR of 7.933%)
Coupon Step-Up Rate: 165bps over 3-month JIBAR
Issue Price: 100%
Coupon Indicator: Floating
Final Redemption Date: 21 November 2060
First Interest Payment Date: 21 February 2025
Coupon Step-Up Date: 21 November 2028
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 16 February, 16 May, 16 August and 16
November of each year
Last day to register: By 17:00 on 15 February, 15 May, 15
August and 15 November of each year
Interest Commencement Date: 21 November 2024
Settlement Date: 21 November 2024
Rating: Aaa.za (sf) by Moody's Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Bond Code: TH19B4
Designation of Note: Class B Note
Nominal Issued: ZAR68,000,000
Coupon Rate: 9.413% (being 148bps over 3-month
JIBAR of 7.933%)
Coupon Step-Up Rate: 192bps over 3-month JIBAR
Issue Price: 100%
Coupon Indicator: Floating
Final Redemption Date: 21 November 2060
First Interest Payment Date: 21 February 2025
Coupon Step-Up Date: 21 November 2028
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 16 February, 16 May, 16 August and 16
November of each year
Last day to register: By 17:00 on 15 February, 15 May, 15
August and 15 November of each year
Interest Commencement Date: 21 November 2024
Settlement Date: 21 November 2024
Rating: Aaa.za (sf) by Moody's Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Bond Code: TH19C4
Designation of Note: Class C Note
Nominal Issued: ZAR34,000,000
Coupon Rate: 9.833% (being 190bps over 3-month
JIBAR of 7.933%)
Coupon Step-Up Rate: 190bps over 3-month JIBAR
Issue Price: 100%
Coupon Indicator: Floating
Final Redemption Date: 21 November 2060
First Interest Payment Date: 21 February 2025
Coupon Step-Up Date: 21 November 2028
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 16 February, 16 May, 16 August and 16
November of each year
Last day to register: By 17:00 on 15 February, 15 May, 15
August and 15 November of each year
Interest Commencement Date: 21 November 2024
Settlement Date: 21 November 2024
Rating: A1.za (sf) by Moody's Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Bond Code: TH19D4
Designation of Note: Class D Note
Nominal Issued: ZAR30,000,000
Coupon Rate: 10.783% (being 285bps over 3-month
JIBAR of 7.933%)
Coupon Step-Up Rate: 285bps over 3-month JIBAR
Issue Price: 100%
Coupon Indicator: Floating
Final Redemption Date: 21 November 2060
First Interest Payment Date: 21 February 2025
Coupon Step-Up Date: 21 November 2028
Interest Payment Dates: 21 February, 21 May, 21 August and 21
November of each year
Books Close: 16 February, 16 May, 16 August and 16
November of each year
Last day to register: By 17:00 on 15 February, 15 May, 15
August and 15 November of each year
Interest Commencement Date: 21 November 2024
Settlement Date: 21 November 2024
Rating: N/A
Placement Agent: The Standard Bank of South Africa
Limited
Date: 20 November 2024
Sponsor: 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.
For further information on the Notes issued please contact:
Nicholas Gunning Standard Bank (Sponsor) (011) 721 7112
Email: nicholas.gunning@standardbank.co.za
Date: 20-11-2024 08:30:00
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