Listing of a tap issue – NHM001
The Johannesburg Stock Exchange (JSE) has granted approval with effect from 11 July 2013 for the listing of a tap issue of NHM001 Senior Unsecured Floating Rate Notes, under the Northam R2 000 000 000 Domestic Medium Term Note Programme dated 3 August 2012.
Instrument Type | Floating Rate Notes |
Total Notes in Issue | R1 370 000 000 as at the Issue Date |
Instrument Code: | NHM001 |
Nominal Issued: | R120 000 000 |
Total NHM001 Notes in Issue: | R1 370 000 000 |
Issue Price: | 101.261515% |
Interest Rate: | 8.625% (3-month Jibar of 5.125% as at 4 June 2013 plus 350 basis points) |
Coupon Rate Indicator: | Floating |
Tap Issue Date: | 11 July 2013 |
Interest Commencement Date: | 4 June 2013 |
Initial Issue Date: | 4 September 2012 |
Maturity Date: | 4 September 2015 |
Last Day to Register: | By 17h00 on 22 February, 24 May, 24 August and 23 November of each year until the Maturity Date |
Books Close: | 23 February, 25 May, 25 August and 24 November of each year until the Maturity Date |
Interest Payment Dates: | 4 March, 4 June, 4 September and 4 December of each year until the Maturity Date |
First Interest Payment Date: | 4 September 2013 |
Interest Reset Dates: | 4 March, 4 June, 4 September and 4 December of each year until the Maturity Date |
ISIN: | ZAG000099524 |
Business Day Convention: | Modified Following |
Dealer: | Nedbank Capital |
Arranger: | One Capital |
Notes:
- The tap issue notes were placed at a lower interest rate of Jibar plus 330bps, which is accounted for in the issue price.
- The Notes will be immobilised in the Central Securities Depository (“CSD”) and settlement will take place electronically in terms of the JSE Rules.
11 July 2013
Debt Sponsor
One Capital