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Listing of new financial instrument – RN2032
REPUBLIC OF SOUTH AFRICA
Department of National Treasury
Issuer code: BIRSA
("National Treasury")
LISTING OF NEW FINANCIAL INSTRUMENT – RN2032
The JSE Limited ("JSE") has granted approval for the listing of a Floating Rate Note ("Note") under series
RN2032, issued under the Republic of South Africa's Domestic Multi Term Note Programme dated
9 September 2019, as updated, supplemented and amended from time to time ("Programme Memorandum"),
with effect from 7 April 2025.
Any capitalised terms not defined in this announcement shall have the meanings ascribed thereto in the section
of the Programme Memorandum headed "Terms and Conditions of the Notes".
The details pertaining to the issue of the RN2032 Notes are as follows:
Instrument Code: RN2032
International Securities Identification Number ZAG000213083
(ISIN):
Instrument Type: Floating Rate Notes
Nominal Amount: ZAR12,415,000,000.00
Issue Date: 7 April 2025
Issue Price: 100%
Interest Rate: 3-month JIBAR* plus a margin of 1.47%
Coupon Rate Indicator: Floating Rate
Interest Commencement Date: 7 April 2025
Interest Payment Date(s): 31 March, 30 June, 30 September and 31 December of
each year up to and including the Maturity Date or, if such
day is not a Business Day on which the interest will be
paid, as determined in accordance with the applicable
Business Day Convention (as specified in the applicable
pricing supplement ("APS")), with the First Interest
Payment Date being 30 June 2025
Interest Rate Determination Date(s): 25 June, 25 September, 26 December and 26 March (or
the first Business Day of each Interest Period) of each
year until the Maturity Date with the first Interest Rate
Determination Date being 2 April 2025
Business Day Convention: Following Business Day
Last Day to Register: By 17h00 on 20 March, 19 June, 19 September and
20 December of each calendar year until the
Maturity Date or if such day is not a Business Day, the
Business Day immediately preceding each Books Closed
Period, which shall mean that the Register will be closed
from the date following each Last Day to Register to the
next applicable Interest Payment Day or 10 (ten) days
prior to the date on which the notes are redeemed
Books Closed Period: The Register will be closed from 21 to 30 March, 20 to
29 June, 20 to 29 September and 21 to 30 December (all
dates inclusive) of each year until the Maturity Date
Maturity Date: 31 March 2032
Final Redemption Amount: 100% of nominal issued
Total Notes in Issue as at 1 April 2025: ZAR4,026,166,796,277.39 (excluding the issuance of the
RN2032 Note)
Other: The APS does not contain additional terms and conditions
or changes to the terms and conditions as contained in
the Programme. The APS is available on the National
Treasury's website:
https://investor.treasury.gov.za/Auction%20Information/F
orms/AllItems.aspx?RootFolder=%2FAuction%20Inform
ation%2FTerms%20and%20conditions%20of%20issue
%2FFloating%2Drate%20bonds&FolderCTID=0x012000
63A18B7D3C6F8049B5DA3C65F0DCE79E&View={74A
D58DF-A37B-4686-B839-618B7AC1674F}
*It is anticipated that during the life of this instrument, the 3-month JIBAR may no longer be considered as the default reference
rate for such instruments. In the event that this materialises or that a transition starts to take place, National Treasury reserves
the right to change the reference rate from the 3-month JIBAR to the new prevailing reference rate.
The Note will be dematerialised in the Central Securities Depository (CSD) and settlement will take place
electronically in terms of the JSE rules.
T Bomela-Msomi
Director: Debt Issuance & Management
012 315 5753 / +27 66 289 2492
Pretoria
4 April 2025
Debt Sponsor
One Capital
Date: 04-04-2025 05:15:00
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