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New Financial Instrument Listing – IDCG24, IDCG25, IDCG26 and IDCG27
Industrial Development Corporation of South Africa Limited
Incorporated in the Republic of South Africa)
Registration No. 1940/014201/06)
Issuer code: IN02
Instrument code: IDCG24
ISIN: ZAG000210733
Instrument code: IDCG25
ISIN: ZAG000210774
Instrument code: IDCG26
ISIN: ZAG000210766
Instrument code: IDCG27
ISIN: ZAG000210758
(the "IDC")
NEW FINANCIAL INSTRUMENTS LISTING – IDCG24; IDCG25; IDCG26 and IDCG27
The JSE Limited has granted a listing of financial instruments under the IDC's Domestic Medium
Term Note Programme on the Interest Rate Market.
Authorised Programme Size R50,000,000,000.00
Total Notes in issue R31,195,000,000.00 (Excluding these tranches)
Full note details are set out below:
Bond Code IDCG24
Nominal Value R585,000,000.00
Instrument Type Floating Rate Note
Issue price 100%
Coupon 3 Month JIBAR plus 198bps
Coupon Rate Indicator Floating
Trade Type Price
Legal Maturity Date 25 November 2029
Books Close Date(s) Each period from (and including) 15 February to 24 February,
15 May to 24 May, 15 August to 24 August and 15 November to
24 November of each year, being 10 (ten) days prior to each
Interest Payment Date and/or the Applicable Redemption Date.
Interest Payment Date(s) Quarterly in arrears on 25 February, 25 May, 25 August, and
25 November or, if any such day is not a Business Day, the
Business Day on which interest will be paid as determined in
accordance with the applicable Business Day Convention. This
shall be in each year for the period from (and including) the
Interest Commencement Date to (but excluding) the Applicable
Redemption Date.
Interest Determination Date(s) The first day of each Interest Period; provided that the Rate
Determination Date for the first Interest Period shall be
18 November 2024.
Last day to register By 17H00 (South Africa time) on 14 February, 14 May,
14 August and 14 November of each year until the Applicable
Redemption Date
Issue Date 25 November 2024
Date Convention Following
Interest Commencement Date 25 November 2024
First Interest Payment Date 25 February 2025
ISIN No ZAG000210733
Additional Information Senior, Unsecured
Full note details are set out below:
Bond Code IDCG25
Nominal Value R150,000,000.00
Instrument Type Floating Rate Note
Issue price 100%
Coupon 3 Month JIBAR plus 214bps
Coupon Rate Indicator Floating
Trade Type Price
Legal Maturity Date 25 November 2031
Books Close Date(s) Each period from (and including) 15 February to 24 February,
15 May to 24 May, 15 August to 24 August and 15 November to
24 November of each year, being 10 (ten) days prior to each
Interest Payment Date and/or the Applicable Redemption Date.
Interest Payment Date(s) Quarterly in arrears on 25 February, 25 May, 25 August, and
25 November or, if any such day is not a Business Day, the
Business Day on which interest will be paid as determined in
accordance with the applicable Business Day Convention. This
shall be in each year for the period from (and including) the
Interest Commencement Date to (but excluding) the Applicable
Redemption Date.
Interest Determination Date(s) The first day of each Interest Period; provided that the Rate
Determination Date for the first Interest Period shall be
18 November 2024.
Last day to register By 17H00 (South Africa time) on 14 February, 14 May,
14 August and 14 November of each year until the Applicable
Redemption Date
Issue Date 25 November 2024
Date Convention Following
Interest Commencement Date 25 November 2024
First Interest Payment Date 25 February 2025
ISIN No ZAG000210774
Additional Information Senior, Unsecured
Full note details are set out below:
Bond Code IDCG26
Nominal Value R593,000,000.00
Instrument Type Floating Rate Note
Issue price 100%
Coupon 3 Month JIBAR plus 244bps
Coupon Rate Indicator Floating
Trade Type Price
Legal Maturity Date 25 November 2034
Books Close Date(s) Each period from (and including) 15 February to 24 February,
15 May to 24 May, 15 August to 24 August and 15 November to
24 November of each year, being 10 (ten) days prior to each
Interest Payment Date and/or the Applicable Redemption Date.
Interest Payment Date(s) Quarterly in arrears on 25 February, 25 May, 25 August, and
25 November or, if any such day is not a Business Day, the
Business Day on which interest will be paid as determined in
accordance with the applicable Business Day Convention. This
shall be in each year for the period from (and including) the
Interest Commencement Date to (but excluding) the Applicable
Redemption Date.
Interest Determination Date(s) The first day of each Interest Period; provided that the Rate
Determination Date for the first Interest Period shall be
18 November 2024.
Last day to register By 17H00 (South Africa time) on 14 February, 14 May,
14 August and 14 November of each year until the Applicable
Redemption Date
Issue Date 25 November 2024
Date Convention Following
Interest Commencement Date 25 November 2024
First Interest Payment Date 25 February 2025
ISIN No ZAG000210766
Additional Information Senior, Unsecured
Full note details are set out below:
Bond Code IDCG27
Nominal Value R393,000,000.00
Instrument Type Fixed Rate Note
Issue price 100%
Coupon 11.33%
Coupon Rate Indicator Fixed
Trade Type Price
Legal Maturity Date 25 November 2034
Books Close Date(s) Each period from (and including) 15 May to 24 May and
15 November to 24 November of each year, being 10 (ten) days
prior to each Interest Payment Date and/or the Applicable
Redemption Date.
Interest Payment Date(s) Semi-annually in arrears on 25 May and 25 November or, if any
such day is not a Business Day, the Business Day on which
interest will be paid as determined in accordance with the
applicable Business Day Convention. This shall be in each year
for the period from (and including) the Interest Commencement
Date to (but excluding) the Applicable Redemption Date.
Last day to register By 17H00 (South Africa time) on 14 May and 14 November of
each year until the Applicable Redemption Date
Issue Date 25 November 2024
Date Convention Following
Interest Commencement Date 25 November 2024
First Interest Payment Date 25 May 2025
ISIN No ZAG000210758
Additional Information Senior, Unsecured
Johannesburg
21 November 2024
Debt Sponsor
Absa Corporate and Investment Bank (a division of Absa Bank Limited)
Date: 21-11-2024 05:30:00
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