To view the PDF file, sign up for a MySharenet subscription.

SOUTH AFRICAN SECURITISATION PROGRAMME (RF) LIMITED - Interest rate reset

Release Date: 15/05/2023 15:00
Wrap Text
Interest rate reset

South African Securitisation Programme (RF) Limited
(Registration No: 1991/002706/06)
Formerly called South African Securitisation Programme (Proprietary)
Limited
(with registration number 1991/002706/07)
(“South African Securitisation Programme”)
Incorporated with limited liability in the Republic of South Africa

INTEREST RATE RESET

INSTRUMENT TYPE:            FLOATING RATE CALLABLE NOTE

Authorised Programme size       R 5,000,000,000.00
Total Notes Outstanding         R 1,515,000,000.00

Bond Code                SLRA6
Nominal Issued           R 357,000,000.00
Issue Price              R 357,000,000.00
Coupon                   10.0330% (3 Month JIBAR as at 15 May 2023 of
                         8.0830% plus 195 bps)
Coupon Rate Indicator    Floating
Trade Type               Price
Final Maturity Date      15 November 2025
Books Close Date(s)      5 February, 5 May, 5 August, 5 November
Interest Payment Date(s) 15 February, 15 May, 15 August, 15 November
Last Day to Register     By 17:00 on 4 February, 4 May, 4 August, 4
                         November
Date Convention          Following
Interest Commencement Date     15 May 2023
Next Interest Date       15 August 2023
Call / Step Up Date      15 November 2023
ISIN No.                 ZAG000172230

Bond Code               SLRA7
Nominal Issued          R 276,000,000.00
Issue Price             R 276,000,000.00
Coupon                  9.9830% (3 Month JIBAR as at 15 May 2023 of
                        8.0830% plus 190 basis points)
Coupon Indictor         Floating
Trade Type              Price
Final Maturity Date     15 November 2025
Books Close             5 February, 5 May, 5 August, 5 November
Interest Date(s)        15 February, 15 May, 15 August, 15 November
Last Day to Register     by 17:00 on 4 February, 4 May, 4 August, 4
                         November
Date Convention          Following
Interest Commencement Date    15 May 2023
Next Interest Date       15 August 2023
Call / Step Up Date      15 August 2024
ISIN No.                 ZAG000178559

Bond Code                SLRA8
Nominal Issued           R 323,000,000.00
Issue Price              R 323,000,000.00
Coupon                   9.8830% (3 Month JIBAR as of 15 May 2023 of
                         8.0830% plus 180 basis points)
Coupon Indictor          Floating
Trade Type               Price
Final Maturity Date      15 November 2030
Books Close              5 February, 5 May, 5 August, 5 November
Interest Date(s)         15 February, 15 May, 15 August, 15 November
Last Day to Register     By 17:00 on 4 February, 4 May, 4 August, 4
                         November
Date Convention          Following
Interest Commencement Date     15 May 2023
Next Interest Date       15 August 2023
Call / Step Up Date      15 August 2025
ISIN No.                 ZAG000188822

Bond Code                SLRA9
Nominal Issued           R 248,000,000.00
Issue Price              R 248,000,000.00
Coupon                   10.1830% (3 Month JIBAR as of 15 May 2023 of
                         8.0830% plus 210 basis points)
Coupon Indictor          Floating
Trade Type               Price
Final Maturity Date      15 November 2030
Books Close              5 February, 5 May, 5 August, 5 November
Interest Date(s)         15 February, 15 May, 15 August, 15 November
Last Day to Register     By 17:00 on 4 February, 4 May, 4 August, 4
                         November
Date Convention          Following
Interest Commencement Date     15 May 2023
Next Interest Date       15 August 2023
Call / Step Up Date     15 August 2027
ISIN No.                ZAG000188855

Bond Code                SLRB6
Nominal Issued           R 31,000,000.00
Issue Price              R 31,000,000.00
Coupon                   10.3830% (3 Month JIBAR as at 15 May 2023 of
                         8.0830% plus 230 bps)
Coupon Rate Indicator    Floating
Trade Type               Price
Final Maturity Date      15 November 2025
Books Close Date(s)      5 February, 5 May, 5 August, 5 November
Interest Payment Date(s) 15 February, 15 May, 15 August, 15 November
Last Day to Register     By 17:00 on 4 February, 4 May, 4 August, 4
                         November
Date Convention          Following
Interest Commencement Date     15 May 2023
Next Interest Date       15 August 2023
Call / Step Up Date      15 November 2023
ISIN No.                 ZAG000172214

Bond Code                SLRB7
Nominal Issued           R 45,000,000.00
Issue Price              R 45,000,000.00
Coupon                   10.2830% (3 Month JIBAR as at 15 May 2023 of
                         8.0830% plus 220 basis points)
Coupon Indictor          Floating
Trade Type               Price
Final Maturity Date      15 November 2025
Books Close Date(s)      5 February, 5 May, 5 August, 5 November
Interest Date(s)         15 February, 15 May, 15 August, 15 November
Last Day to Register     by 17:00 on 4 February, 4 May, 4 August, 4
                         November
Date Convention          Following
Interest Commencement Date     15 May 2023
Next Interest Date       15 August 2023
Call / Step Up Date      15 August 2024
ISIN No.                 ZAG000178542
Bond Code                SLRB8
Nominal Issued           R 18,000,000.00
Issue Price              R 18,000,000.00
Coupon                   10.0830% (3 Month JIBAR as of 15 May 2023 of
                         8.0830% plus 200 basis points)
Coupon Indictor          Floating
Trade Type               Price
Final Maturity Date      15 November 2030
Books Close              5 February, 5 May, 5 August, 5 November
Interest Date(s)         15 February, 15 May, 15 August, 15 November
Last Day to Register     By 17:00 on 4 February, 4 May, 4 August, 4
                         November
Date Convention          Following
Interest Commencement Date     15 May 2023
Next Interest Date       15 August 2023
Call / Step Up Date      15 August 2025
ISIN No.                 ZAG000188830

Bond Code                SLRB9
Nominal Issued           R 81,000,000.00
Issue Price              R 81,000,000.00
Coupon                   10.3830% (3 Month JIBAR as of 15 May 2023 of
                         8.0830% plus 230 basis points)
Coupon Indictor          Floating
Trade Type               Price
Final Maturity Date      15 November 2030
Books Close              5 February, 5 May, 5 August, 5 November
Interest Date(s)         15 February, 15 May, 15 August, 15 November
Last Day to Register     By 17:00 on 4 February, 4 May, 4 August, 4
                         November
Date Convention          Following
Interest Commencement Date     15 May 2023
Next Interest Date       15 August 2023
Call / Step Up Date      15 August 2027
ISIN No.                 ZAG000188863

Bond Code               SLRC6
Nominal Issued          R 25,000,000.00
Issue Price             R 25,000,000.00
Coupon                  10.5830% (3 Month JIBAR as at 15 May 2023 of
                        8.0830% plus 250 bps)
Coupon Rate Indicator    Floating
Trade Type               Price
Final Maturity Date      15 November 2025
Books Close Date(s)      5 February, 5 May, 5 August, 5 November
Interest Payment Date(s) 15 February, 15 May, 15 August, 15 November
Last Day to Register     By 17:00 on 4 February, 4 May, 4 August, 4
                         November
Date Convention          Following
Interest Commencement Date     15 May 2023
Next Interest Date       15 August 2023
Call / Step Up Date      15 November 2023
ISIN No.                 ZAG000172222

Bond Code                SLRC7
Nominal Issued           R 20,000,000.00
Issue Price              R 20,000,000.00
Coupon                   10.5330% (3 Month JIBAR as at 15 May 2023 of
                         8.0830% plus 245 basis points)
Coupon Indictor          Floating
Trade Type               Price
Final Maturity Date      15 November 2025
Books Close              5 February, 5 May, 5 August, 5 November
Interest Date(s)         15 February, 15 May, 15 August, 15 November
Last Day to Register     by 17:00 on 4 February, 4 May, 4 August, 4
                         November
Date Convention          Following
Interest Commencement Date     15 May 2023
Next Interest Date       15 August 2023
Call / Step Up Date      15 August 2024
ISIN No.                 ZAG000178583

Bond Code                  SLRC8
Nominal Issued             R 30,000,000.00
Issue Price                R 30,000,000.00
Coupon                     10.4830% (3 Month JIBAR as of 15 May 2023 of
                           8.0830% plus 240 basis points)
Coupon Indictor            Floating
Trade Type                 Price
Final Maturity Date        15 November 2030
Books Close                5 February, 5 May, 5 August, 5 November
Interest Date(s)           15 February, 15 May, 15 August, 15 November
Last Day to Register     By 17:00 on 4 February, 4 May, 4 August, 4
                         November
Date Convention          Following
Interest Commencement Date    15 May 2023
Next Interest Date       15 August 2023
Call / Step Up Date      15 August 2025
ISIN No.                 ZAG000188848

Bond Code                SLRC9
Nominal Issued           R 61,000,000.00
Issue Price              R 61,000,000.00
Coupon                   10.7830% (3 Month JIBAR as of 15 May 2023 of
                         8.0830% plus 270 basis points)
Coupon Indictor          Floating
Trade Type               Price
Final Maturity Date      15 November 2030
Books Close              5 February, 5 May, 5 August, 5 November
Interest Date(s)         15 February, 15 May, 15 August, 15 November
Last Day to Register     By 17:00 on 4 February, 4 May, 4 August, 4
                         November
Date Convention          Following
Interest Commencement Date     15 May 2023
Next Interest Date       15 August 2023
Call / Step Up Date      15 August 2027
ISIN No.                 ZAG000188871

Additional Information   Secured notes

The notes will be immobilised in the Central Securities Depository
(“CSD”) and settlement will take place electronically in terms of JSE
Rules.

For further information please contact:

Mr. Dhesegan Govender (Sasfin Bank Limited)   (011) 809 7892

Sandown Sandton
15 May 2023

Sponsor
Sasfin Bank Limited

Date: 15-05-2023 03:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.