Johannesburg Stock Exchange Announces South African Securitisation Programme

Strategic Insights -

The Johannesburg Stock Exchange has recently announced details of a new South African Securitisation Programme, which has authorized a total programme size of R 5,000,000,000.00. The programme will issue six categories of floating rate callable notes with different coupon rates and maturities, totaling R 1,760,000,000.00. These notes will be immobilized in the Central Securities Depository (CSD) and settled electronically in accordance with the JSE Rules.

Key Takeaways:

  • The South African Securitisation Programme has been authorized with a total programme size of R 5,000,000,000.00.
  • The programme will issue six categories of floating rate callable notes, totaling R 1,760,000,000.00.
  • The notes will have different coupon rates, ranging from 9.358% to 10.008%, and maturities ranging from 2025 to 2030.
  • The notes will be immobilized in the Central Securities Depository (CSD) and settled electronically in accordance with the JSE Rules.
  • The programme is sponsored by Sasfin Bank Limited, and further information can be obtained from Mr. Dhesegan Govender at (011) 809 7892.

Statistics:

  • Total programme size: R 5,000,000,000.00
  • Total notes outstanding: R 1,760,000,000.00
  • Number of bond categories: 6
  • Coupon rates: 9.358% to 10.008%
  • Maturities: 2025 to 2030
  • ISIN numbers: ZAG000185778, ZAG000193574, ZAG000198029, ZAG000185802, ZAG000193509, and ZAG000185786 & ZAG000193517

Sources:

  • Johannesburg Stock Exchange
  • Sasfin Bank Limited
  • Central Securities Depository (CSD)
  • JSE Rules