THE THEKWINI FUND 19 (RF) LIMITED - The Thekwini Fund 19 (RF) Limited Initial Issue

The Thekwini Fund 19 (RF) Limited Initial Issue

The Thekwini Fund 19 (RF) Limited
("Thekwini 19")
Issuer Code: TKWI19
New Financial Instrument Listing Announcement

Dated: 01 December 2023
Stock Codes: TH19O1, T19A11, T19A21, TH19B1, TH19C1, TH19D1
ISIN Codes: ZAG000201575, ZAG000201559, ZAG000201518, ZAG000201534,
ZAG000201542, ZAG000201526

The JSE Limited has granted Thekwini 19 the listing of its:
   - "TH19O1" Floating Rate Notes due 21 November 2024;and
   - "T19A11, T19A21, TH19B1, TH19C1, TH19D1" Floating Rate Notes
     all due 21 November 2060 (Step up and call date 21 November
     2028, except for T19A11 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) ZAR1,000,000,000

Full Note details are as follows:

Bond Code:                     TH19O1
Designation of Note:           Class Omega Note
Nominal Issued:                ZAR 80,000,000
Coupon Rate:                   9.217 % (being 85 bps over 3 month
                               JIBAR of 8.367 %)
Issue Price:                   100%
Coupon Step-Up Rate:           N/A
Coupon Indicator:              Floating
Final Redemption Date:         21 November 2024
First Interest Payment Date:   21 February 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 February 2024, 16 May 2024, 16
                               August 2024 and 16 November 2024
Last day to register:          By 17:00 on 15 February 2024, 15 May
                               2024, 15 August 2024 and 15 November
                               2024
Interest Commencement Date:    04 December 2023
Settlement Date:               04 December 2023
Rating:                        P-1.za (sf) by Moody's Investors
                               Service
Placement Agent:               The Standard Bank of South Africa
                               Limited

Bond Code:                     T19A11
Designation of Note:           Class A1 Note
Nominal Issued:                ZAR 344,000,000
Coupon Rate:                   9.637 % (being 127 bps over 3 month
                               JIBAR of 8.367 %)
Coupon Step-Up Rate:           165 bps over 3 month JIBAR
Issue Price:                   100%
Coupon Indicator:              Floating
Final Redemption Date:         21 November 2060
First Interest Payment Date:   21 February 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:    04 December 2023
Settlement Date:               04 December 2023
Rating:                        Aaa.za (sf) by Moody's Investors
                               Service
Placement Agent:                          The   Standard   Bank   of
                               South Africa Limited

Bond Code:                     T19A21
Designation of Note:           Class A2 Note
Nominal Issued:                ZAR 446,000,000
Coupon Rate:                   9.817 % (being 145 bps over 3 month
                               JIBAR of 8.367 %)
Coupon Step-Up Rate:           189 bps over 3 month JIBAR
Issue Price:                   100%
Coupon Indicator:              Floating
Final Redemption Date:         21 November 2060
First Interest Payment Date:   21 February 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:    04 December 2023
Settlement Date:               04 December 2023
Rating:                        Aaa.za (sf) by Moody's Investors
                               Service
Placement Agent:               The Standard Bank of South Africa
                               Limited


Bond Code:                     TH19B1
Designation of Note:           Class B Note
Nominal Issued:                ZAR 53,000,000
Coupon Rate:                   10.117 % (being 175 bps over 3 month
                               JIBAR of 8.367 %)
Coupon Step-Up Rate:           228 bps over 3 month JIBAR
Issue Price:                   100%
Coupon Indicator:              Floating
Final Redemption Date:         21 November 2060
First Interest Payment Date:   21 February 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:    04 December 2023
Settlement Date:               04 December 2023
Rating:                        Aaa.za (sf) by Moody's Investors
                               Service
Placement Agent:               The Standard Bank of South Africa
                               Limited

Bond Code:                     TH19C1
Designation of Note:           Class C Note
Nominal Issued:                ZAR 40,000,000
Coupon Rate:                   10.367 % (being 200 bps over 3 month
                               JIBAR of 8.367 %)
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 February 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:    04 December 2023
Settlement Date:               04 December 2023
Rating:                        A1.za (sf) by Moody's Investors
                               Service
Placement Agent:               The Standard Bank of South Africa
                               Limited


Bond Code:                     TH19D1
Designation of Note:           Class D Note
Nominal Issued:                ZAR 37,000,000
Coupon Rate:                   11.617 % (being 325 bps over 3 month
                               JIBAR of 8.367 %)
Coupon Step-Up Rate:           325 bps over 3 month JIBAR
Issue Price:                   100%
Coupon Indicator:              Floating
Final Redemption Date:         21 December 2060
First Interest Payment Date:   21 February 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:    04 December 2023
Settlement Date:               04 December 2023
Rating:                        N/A
Placement Agent:               The Standard Bank of South Africa
                               Limited

Date:                          01 December 2023
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: 01-12-2023 11:10:00
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