URBAN UBOMI 2 (RF) LIMITED - Urban Ubomi 2 (RF) Ltd. - First Tap Issuance

Urban Ubomi 2 (RF) Ltd. - First Tap Issuance

Urban Ubomi 2 (RF) Limited
("Urban Ubomi 2")
Issuer Code: UBBI2
New Financial Instrument Listing Announcement

Dated: 31 January 2025
Stock Codes: UU2A04, UU2A05, UU2B02, UU2C02, UU2D02
ISIN Codes: ZAG000211814, ZAG000211822, ZAG000211830, ZAG000211848,
ZAG000211855
The JSE Limited has granted Urban Ubomi 2 the listing of its:
     - "UU2A04, UU2A05, UU2B02, UU2C02, UU2D02" Floating Rate Notes
        all due on 15 August 2049 (Step-up and call date 15 August
        2029, except for UU2A04 which has a Step-up and call date
        of 15 August 2027); and issued in terms of its
        ZAR5,000,000,000 Asset Backed Note Programme dated on or
        about 30 August 2024

Total notes outstanding (incl. this issue) ZAR1,285,000,000

Full Note details are as follows:

Bond Code:                     UU2A04
Designation of Note:           Class A1 Note
Nominal Issued:                ZAR140,000,000
Coupon Rate:                   9.325% (being 165bps over 3-month
                               JIBAR of 7.6750%)
Issue Price:                   100%
Coupon Step-Up Rate:           215bps over 3-month JIBAR
Coupon Indicator:              Floating
Final Redemption Date:         15 August 2049
First Interest Payment Date:   15 May 2025
Coupon Step-Up Date:           15 August 2027
Interest Payment Dates:        15 February, 15 May, 15 August and
                               15 November of each year
Books Close:                   10 to 14 February, 10 to 14 May, 10
                               to 14 August and 10 to 14 November
                               (all dates inclusive) in each year
                               until the Final Redemption Date
Last day to register:          By 17:00 on 9 February, 9 May, 9
                               August and 9 November until the
                               Final   Redemption   Date,  on   the
                               calendar day preceding the Books
                               Closed Period, or, if such day is
                               not a Business Day, the immediately
                               preceding day that is a Business Day
Interest Commencement Date:    31 January 2025
Settlement Date:               31 January 2025
Rating:                        AAA(za) (sf) by The Global Credit
                               Rating Agency (GCR)
Placement Agent:               The Standard Bank of South Africa
                               Limited

Bond Code:                     UU2A05
Designation of Note:           Class A2 Note
Nominal Issued:                ZAR279,000,000
Coupon Rate:                   9.8750% (being 220bps over 3-month
                               JIBAR of 7.6750%)

Coupon Step-Up Rate:           286bps over 3-month JIBAR
Issue Price:                   100%
Coupon Indicator:              Floating
Final Redemption Date:         15 August 2049
First Interest Payment Date:   15 May 2025
Coupon Step-Up Date:           15 August 2029
Interest Payment Dates:        15 February, 15 May, 15 August and 15
                               November of each year
Books Close:                   10 to 14 February, 10 to 14 May, 10
                               to 14 August and 10 to 14 November
                               (all dates inclusive) in each year
                               until the Final Redemption Date
Last day to register:          By 17:00 on 9 February, 9 May, 9
                               August and 9 November until the
                               Final   Redemption   Date,   on   the
                               calendar day preceding the Books
                               Closed Period, or, if such day is
                               not a Business Day, the immediately
                               preceding day that is a Business Day
Interest Commencement Date:    31 January 2025
Settlement Date:               31 January 2025
Rating:                        AA+(za)(sf) by The Global Credit
                               Rating Agency (GCR)
Placement Agent:               The Standard Bank of South Africa
                               Limited

Bond Code:                     UU2B02
Designation of Note:           Class B Note
Nominal Issued:                ZAR159,000,000
Coupon Rate:                   10.4250% (being 275bps over 3-month
                               JIBAR of 7.6750%)

Coupon Step-Up Rate:           358bps over 3-month JIBAR
Issue Price:                   100%
Coupon Indicator:              Floating
Final Redemption Date:         15 August 2049
First Interest Payment Date:   15 May 2025
Coupon Step-Up Date:           15 August 2029
Interest Payment Dates:        15 February, 15 May, 15 August and 15
                               November of each year
Books Close:                   10 to 14 February, 10 to 14 May, 10
                               to 14 August and 10 to 14 November
                               (all dates inclusive) in each year
                               until the Final Redemption Date
Last day to register:          By 17:00 on 9 February, 9 May, 9
                               August and 9 November until the
                               Final   Redemption   Date,   on   the
                               calendar day preceding the Books
                               Closed Period, or, if such day is
                               not a Business Day, the immediately
                               preceding day that is a Business Day
Interest Commencement Date:    31 January 2025
Settlement Date:               31 January 2025
Rating:                        A(za)(sf) by The Global Credit
                               Rating Agency (GCR)
Placement Agent:               The Standard Bank of South Africa
                               Limited

Bond Code:                     UU2C02
Designation of Note:           Class C Note
Nominal Issued:                ZAR84,000,000
Coupon Rate:                   11.4750% (being 380bps over 3-month
                               JIBAR of 7.6750%)
Coupon Step-Up Rate:           494bps over 3-month JIBAR
Issue Price:                   100%
Coupon Indicator:              Floating
Final Redemption Date:         15 August 2049
First Interest Payment Date:   15 May 2025
Coupon Step-Up Date:           15 August 2029
Interest Payment Dates:        15 February, 15 May, 15 August and
                               15 November of each year
Books Close:                   10 to 14 February, 10 to 14 May, 10
                               to 14 August and 10 to 14 November
                               (all dates inclusive) in each year
                               until the Final Redemption Date
Last day to register:          By 17:00 on 9 February, 9 May, 9
                               August and 9 November until the
                               Final   Redemption   Date,  on   the
                               calendar day preceding the Books
                               Closed Period, or, if such day is
                               not a Business Day, the immediately
                               preceding day that is a Business Day
Interest Commencement Date:    31 January 2025
Settlement Date:               31 January 20256
Rating:                        BBB-(za)(sf) by The Global Credit
                               Rating Agency (GCR)
Placement Agent:               The Standard Bank of South Africa
                               Limited

Bond Code:                     UU2D02
Designation of Note:           Class D Note
Nominal Issued:                ZAR50,000,000
Coupon Rate:                   12.6750% (being 500bps over 3-month
                               JIBAR of 7.6750%)
Coupon Step-Up Rate:           650bps over 3-month JIBAR
Issue Price:                   100%
Coupon Indicator:              Floating
Final Redemption Date:         15 August 2049
First Interest Payment Date:   15 May 2025
Coupon Step-Up Date:           15 August 2029
Interest Payment Dates:        15 February, 15 May, 15 August and 15
                               November of each year
Books Close:                   10 to 14 February, 10 to 14 May, 10
                               to 14 August and 10 to 14 November
                               (all dates inclusive) in each year
                               until the Final Redemption Date
Last day to register:          By 17:00 on 9 February, 9 May, 9
                               August and 9 November until the
                               Final   Redemption   Date,   on   the
                               calendar day preceding the Books
                               Closed Period, or, if such day is
                               not a Business Day, the immediately
                               preceding day that is a Business Day

Interest Commencement Date:    31 January 2025
Settlement Date:               31 January 2025
Rating:                        Unrated
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.

For further information on the Notes issued please contact:
Demisha Pillay - Standard Bank (Sponsor) 081 583 4873
Email: demisha.pillay@standardbank.co.za

Date: 31-01-2025 10:02:00
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