Announcements 2019
Listing of new financial instruments – NHM010 and NHM011
- 23 May 2019
The JSE Limited (“JSE”) has granted approval for the listing of NHM010 and NHM011 Senior Unsecured Floating Rate Notes, under the Northam Platinum Limited ZAR2 000 000 000 Domestic Medium Term Note Programme dated 3 August 2012 (“Programme”), as guaranteed by Booysendal Platinum Proprietary Limited, with effect from 24 May 2019.
The details pertaining to NHM010 are as follows:
Instrument Type: | Senior Unsecured Floating Rate Notes |
Total Notes in Issue: | ZAR1 975 000 000.00 including this issue |
Instrument Code | NHM010 |
Nominal Amount: | ZAR50 000 000.00 |
Issue Price: | 100% |
Interest Rate: | 3 Month ZAR-JIBAR plus 240 bps, being 9.558% on the first Interest Rate Determination Date (3 Month ZAR-JIBAR as at 22 May 2019 of 7.158% plus 240 bps) |
Interest Rate Determination Date(s): | 22 May 2019, 24 August 2019, 24 November 2019 and 24 February 2020 (or the first Business Day of each Interest Period) |
Coupon Rate Indicator: | Floating |
Issue Date: | 24 May 2019 |
Interest Commencement Date: | 24 May 2019 |
Maturity Date: | 24 May 2020 |
Final Redemption Amount: | 100% of Nominal Amount |
Last Day to Register: | By 17h00 on 13 August 2019, 13 November 2019, 13 February 2020 and 13 May 2020 |
Books Close Period: | 14 August 2019, 14 November 2019, 14 February 2020 and 14 May 2020 |
Interest Payment Date(s): | 24 August 2019, 24 November 2019, 24 February 2020 and 24 May 2020 |
ISIN No: | ZAG000159229 |
Business Day Convention: | Following Business Day |
Other: | The applicable pricing supplement (“APS”) contains additional terms and conditions to the terms and conditions as contained in the Programme Memorandum, dated 3 August 2012, (“Terms and Conditions”) |
Summary of additional terms and conditions: | The additional terms and conditions pertain to the applicable guarantee and the amendment of Condition 16.1 (Senior Notes) by including additional Events of Default in terms of Condition 16.1.1.9 (Other) of the Terms and Conditions. Investors should refer to Appendix “A” of the APS for full details of the additional terms and conditions, available on Northam’s website: http://www.northam.co.za/downloads/send/96-files/1178-applicable-pricing-supplement-nhm010 |
The details pertaining to NHM011 are as follows:
Instrument Type: | Senior Unsecured Floating Rate Notes |
Total Notes in Issue: | ZAR1 975 000 000.00 including this issue |
Instrument Code | NHM011 |
Nominal Amount: | ZAR500 000 000.00 |
Issue Price: | 100% |
Interest Rate: | 3 Month ZAR-JIBAR plus 375 bps, being 10.908% on the first Interest Rate Determination Date (3 Month ZAR-JIBAR as at 22 May 2019 of 7.158% plus 375 bps) |
Interest Rate Determination Date(s): | 24 May, 24 August, 24 November and 24 February of each year (or the first Business Day of each Interest Period) until the Maturity Date, with the first Interest Rate Determination Date being 22 May 2019 |
Coupon Rate Indicator: | Floating |
Issue Date: | 24 May 2019 |
Interest Commencement Date: | 24 May 2019 |
Maturity Date: | 24 May 2022 |
Final Redemption Amount: | 100% of Nominal Amount |
Last Day to Register: | By 17h00 on 13 May, 13 August, 13 November and 13 February of each year until the Maturity Date |
Books Close Period: | 14 May, 14 August, 14 November and 14 February of each year until the Maturity Date |
Interest Payment Date(s): | 24 May, 24 August, 24 November and 24 February of each year until the Maturity Date, with the first Interest Payment Date being 24 August 2019 |
ISIN No: | ZAG000159237 |
Business Day Convention: | Following Business Day |
Other: | The APS contains additional terms and conditions to the Terms and Conditions |
Summary of additional terms and conditions: | The additional terms and conditions pertain to the applicable guarantee and the amendment of Condition 16.1 (Senior Notes) by including additional Events of Default in terms of Condition 16.1.1.9 (Other) of the Terms and Conditions. Investors should refer to Appendix “A” of the APS for full details of the additional terms and conditions, available on Northam’s website: http://www.northam.co.za/downloads/send/96-files/1177-applicable-pricing-supplement-nhm011 |
The Notes will be immobilised in the Central Securities Depository (CSD) and settlement will take place electronically in terms of JSE Rules.
Johannesburg
23 May 2019
Arranger, Dealer and Debt Sponsor
One Capital
Attorneys to Northam in respect of the Notes
Bowman Gilfillan Inc.