Wrap Text
Thekwini Fund 19 1st Tap Issuance
The Thekwini Fund 19 (RF) Limited
("Thekwini 19")
Issuer Code: TKWI19
New Financial Instrument Listing Announcement
Dated: 20 May 2024
Stock Codes: TH19O2, T19A12, T19A22 , TH19B2, TH19C2, TH19D2
ISIN Codes: ZAG000205352, ZAG000205386, ZAG000205402,
ZAG000205345, ZAG000205337, ZAG000205311
The JSE Limited has granted Thekwini 19 the listing of its:
- "TH19O2" Floating Rate Notes due 21 May 2025;and
- "T19A12, T19A22, TH19B2, TH19C2, TH19D2" Floating Rate Notes
all due 21 November 2060 (Step-up and call date 21 November
2028, except for T19A12 which has a Step-up and call date of
21 November 2026); 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) ZAR2,167,365,903
Full Note details are as follows:
Bond Code: TH19O2
Designation of Note: Class Omega Note
Nominal Issued: ZAR126,000,000
Coupon Rate: 9.150% (being 80 bps over 3 month
JIBAR of 8.350 %)
Issue Price: 100%
Coupon Step-Up Rate: N/A
Coupon Indicator: Floating
Final Redemption Date: 21 May 2025
First Interest Payment Date: 21 August 2024
Coupon Step-Up Date: N/A
Interest Payment Dates: 21st day of February, May, August
and November of each calendar year
Books Close: 16 August 2024,16 November 2024, 16
February 2025, 16 May 2025
Last day to register: By 17:00 on 15 August 2024, 15
November 2024, 15 February 2025 and
15 May 2025
Interest Commencement Date: 21 May 2024
Settlement Date: 21 May 2024
Rating: P-1.za (sf) by Moody's Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Bond Code: T19A12
Designation of Note: Class A1 Note
Nominal Issued: ZAR254,000,000
Coupon Rate: 9,550% (being 120 bps over 3 month
JIBAR of 8.350%)
Coupon Step-Up Rate: 156 bps over 3 month JIBAR
Issue Price: 100%
Coupon Indicator: Floating
Final Redemption Date: 21 November 2060
First Interest Payment Date: 21 August 2024
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 May 2024
Settlement Date: 21 May 2024
Rating: Aaa.za (sf) by Moody's Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Bond Code: T19A22
Designation of Note: Class A2 Note
Nominal Issued: ZAR666,000,000
Coupon Rate: 9.740% (being 139 bps over 3 month
JIBAR of 8.350 %)
Coupon Step-Up Rate: 181 bps over 3 month JIBAR
Issue Price: 100%
Coupon Indicator: Floating
Final Redemption Date: 21 November 2060
First Interest Payment Date: 21 August 2024
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 May 2024
Settlement Date: 21 May 2024
Rating: Aaa.za (sf) by Moody's Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Bond Code: TH19B2
Designation of Note: Class B Note
Nominal Issued: ZAR63,000,000
Coupon Rate: 10.040% (being 169 bps over 3 month
JIBAR of 8.350%)
Coupon Step-Up Rate: 220 bps over 3 month JIBAR
Issue Price: 100%
Coupon Indicator: Floating
Final Redemption Date: 21 November 2060
First Interest Payment Date: 21 August 2024
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 May 2024
Settlement Date: 21 May 2024
Rating: Aaa.za (sf) by Moody's Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Bond Code: TH19C2
Designation of Note: Class C Note
Nominal Issued: ZAR48,000,000
Coupon Rate: 10.350% (being 200 bps over 3 month
JIBAR of 8.350%)
Coupon Step-Up Rate: 200 bps over 3 month JIBAR
Issue Price: 100%
Coupon Indicator: Floating
Final Redemption Date: 21 November 2060
First Interest Payment Date: 21 August 2024
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 May 2024
Settlement Date: 21 May 2024
Rating: A1.za (sf) by Moody's Investors
Service
Placement Agent: The Standard Bank of South Africa
Limited
Bond Code: TH19D2
Designation of Note: Class D Note
Nominal Issued: ZAR 43,000,000
Coupon Rate: 11.550% (being 320 bps over 3 month
JIBAR of 8.350 %)
Coupon Step-Up Rate: 320 bps over 3 month JIBAR
Issue Price: 100%
Coupon Indicator: Floating
Final Redemption Date: 21 December 2060
First Interest Payment Date: 21 August 2024
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 May 2024
Settlement Date: 21 May 2024
Rating: N/A
Placement Agent: The Standard Bank of South Africa
Limited
Date: 20 May 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:
Megan Kriel Standard Bank (Sponsor) (011) 631 4905
Email: megan.kriel@standardbank.co.za
Date: 20-05-2024 09:45:00
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