Listing of a new financial instrument – NHM003
The JSE Limited has granted approval for the listing of NHM003 Senior Unsecured Floating Rate Notes, under the Northam Platinum Limited ZAR 2 000 000 000 Domestic Medium Term Note Programme dated 3 August 2012, with effect from 10 June 2016.
|Nominal Issued:||ZAR 250 000 000|
|Interest Rate:||11.208% (3 Month Jibar as at 8 June 2016 of 7.308% plus 390bps)|
|Coupon Rate Indicator:||Floating|
|Issue date:||10 June 2016|
|Interest Commencement Date:||10 June 2016|
|Maturity date:||9 June 2019|
|Last day to trade:||By 17:00 on 29 August, 28 November, 26 February and 29 May each year until the Maturity Date|
|Books Close:||30 August, 29 November, 27 February and 30 May each year until the Maturity Date|
|Interest Payment Dates:||9 September, 9 December, 9 March and 9 June each year until the Maturity Date|
|First Interest Payment Date:||9 September 2016|
|Interest Reset Dates:||9 March, 9 June, 9 September and 9 December each year until the Maturity Date|
|Business Day Convention:||Modified following|
The Notes will be immobilised in the Central Depository (CSD) and settlement will take place electronically in terms of JSE Rules.
- Northam applicable pricing supplement - 9 June 2016 (PDF - 96KB)
9 June 2016
Legal Advisor to Northam in respect of the Notes
Bowman Gilfillan Inc.