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UsPlus - Listing of New Financial Instrument
Us Plus Limited
Incorporated in the Republic of South Africa
(Registration number 2014/048709/06)
Stock Code: USPN01 ISIN Code: ZAG000210816
("UsPlus")
LISTING OF NEW FINANCIAL INSTRUMENT
The JSE Limited ("JSE") has, with effect from 21 November 2024, granted UsPlus the listing of its
Senior Secured Floating Rate Notes, USPN01, due 21 November 2026, issued in terms of the
Us Plus Limited ZAR1,000,000,000 Domestic Medium Term Note Programme ("Programme").
Total Notes in issue under the Programme (including this issuance): ZAR142,000,000.00
Instrument Code: USPN01
ISIN: ZAG000210816
Type of Debt Security: Floating Rate Notes
Nominal Issued: ZAR60,000,000.00
Issue Date: 21 November 2024
Issue Price: 100%
Interest Payment Basis: Floating Rate Notes
Margin: 3 month JIBAR plus 750 basis points
Interest Periods(s): Each period commencing on (and including) one
Floating Interest Payment Date and ending on (but
excluding) the following Floating Interest Payment Date;
provided that:
1) the first Interest Period will commence on the
Interest Commencement Date and end on (but
exclude) the following Floating Interest Payment
Date (each Floating Interest Payment Date as
adjusted in accordance with the Applicable Business
Day Convention); and
2) the last Interest Period shall end on (but exclude) the
Maturity Date.
Interest Commencement Date: Issue Date
Floating Interest Payment Dates: 21 December, 21 January, 21 February, 21 March,
21 April, 21 May, 21 June, 21 July, 21 August,
21 September, 21 October and 21 November in each
year up to and including the Maturity Date or, if such day
is not a Business Day, the Business Day on which the
interest will be paid, as determined in accordance with
the Applicable Business Day Convention.
Interest Rate Determination Dates: Each Floating Interest Payment Date in each year up to
the Maturity Date but the first Interest Rate
Determination Date shall be 21 November 2024.
First Interest Payment Date: 21 December 2024
Business Day Convention: Following Business Day Convention
Last Day to Register: The last Business Day prior to each Books Closed
Period.
Books Closed Periods: The Register will be closed from:
• 13 December to 20 December,
• 13 January to 20 January,
• 13 February to 20 February,
• 13 March to 20 March,
• 13 April to 20 April,
• 13 May to 20 May,
• 13 June to 20 June,
• 13 July to 20 July,
• 13 August to 20 August,
• 13 September to 20 September,
• 13 October to 20 October, and
• 13 November to 20 November,
(all dates inclusive) in each year until the Maturity Date.
Maturity Date: R30 000 000,00 on 21 November 2025 (as adjusted in
accordance with the Applicable Business Day
Convention) unless redeemed at a prior date, in which
case, such earlier date; and
R30 000 000,00 on 21 November 2026 (as adjusted in
accordance with the Applicable Business Day
Convention) unless redeemed at a prior date, in which
case, such earlier date.
Final Redemption Amount: The Issue Price
Additional Terms: Please refer to Schedule 1 to the Applicable Pricing
Supplement headed "Amended Terms and Conditions".
Other Provisions: Please refer to Schedule 1 to the Applicable Pricing
Supplement headed "Amended Terms and Conditions".
Notes will be deposited in the Central Depository ("CSD") and settlement will take place
electronically in terms of the JSE Rules.
There are no additional terms and conditions or changes to the terms and conditions to the
Programme which are contained in the Applicable Pricing Supplement, other than as set out in
Schedule 1 to the Applicable Pricing Supplement headed "Amended Terms and Conditions".
Johannesburg
20 November 2024
Debt Sponsor
Merchantec Capital
Date: 20-11-2024 10:35:00
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