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|
|Nominal Issued:||R120 000 000|
|Total NHM001 Notes in Issue:||R1 370 000 000|
|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|
|Business Day Convention:||Modified Following|
- 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