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THE SOUTH AFRICAN NATIONAL ROADS AGENCY SOC LIMITED - Listing of New Financial Instrument -HWF11

12 July 2019 - 08:00 AM
HWF11
Listing of New Financial Instrument  -HWF11

The South African National Roads Agency SOC Limited
Incorporated in the Republic of South Africa
(Registration number 1998/009584/30)
Company code: BINRA
Bond Code: HWF11
ISIN: ZAG000160946
(SANRAL)

LISTING OF NEW FINANCIAL INSTRUMENT  HWF11

The JSE Limited has granted approval for the listing of HWF11 ZAR2 000 000 000 Senior Unsecured
Floating Rate Notes, under the amended and restated SANRAL ZAR31 910 000 000 Guaranteed
Domestic Medium Term Note Programme dated 13 August 2018 (Programme Memorandum), with
effect from 15 July 2019.

The details pertaining to HWF11 are as follows:

 Instrument Code:                                 HWF11
 ISIN No:                                         ZAG000160946
 Instrument Type:                                 Senior Unsecured Floating Rate Notes
 Nominal Amount:                                  ZAR2 000 000 000.00
 Issue Date:                                      15 July 2019
 Issue Price:                                     100%
 Interest Rate:                                   3 Month ZAR-JIBAR-SAFEX plus 147 bps
 Interest Determination Date(s):                  15 October, 15 January, 15 April and 15 July until
                                                  the Redemption Date with the first Interest
                                                  Determination Date being 15 July 2019 (subject to
                                                  the applicable Business Day Convention)
 Coupon Rate Indicator:                           Floating
 Interest Commencement Date:                      15 July 2019
 Interest Payment Dates:                          15 October, 15 January, 15 April and 15 July until
                                                  the Redemption Date or, if such day is not a
                                                  Business Day, the Business Day on which the
                                                  interest will be paid (subject to the applicable
                                                  Business Day Convention)
 First Interest Payment Date:                     15 October 2019
 Applicable Business Day Convention:              Following Business Day
 Last Day to Register:                            By 17h00 on 4 October, 4 January, 4 April and 4 July
                                                  of each year until the Redemption Date
 Books Closed Period:                             5 October to 14 October, 5 January to 14 January,
                                                  5 April to 14 April and 5 July to 14 July (all dates
                                                  inclusive) of each year until the Redemption Date
 Redemption Date:                                 15 July 2022
 Final Redemption Amount:                         100%
 Total Notes in Issue:                            ZAR25 563 000 000 including this issue
 Additional terms and conditions:                 The applicable pricing supplement does not contain
                                                  additional terms and conditions to the terms and
                                                  conditions as    contained   in   the   Programme
                                                  Memorandum
 Additional information:                          Guaranteed by the government of the Republic of
                                                  South Africa

The Notes will be immobilised in the Central Securities Depository and settlement will take place
electronically in terms of JSE Rules.


12 July 2019

Debt Sponsor
One Capital

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