To view the PDF file, sign up for a MySharenet subscription.

ECSPONENT LIMITED - Issue of Notes under the ZAR10,000,000,000 Domestic Medium Term Note Programme

Release Date: 14/10/2019 09:00
Code(s): ECS ECSFX4 ECSFX5 ECSFX6 ECSZR2 ECSFL2     PDF:  
Wrap Text
Issue of Notes under the ZAR10,000,000,000 Domestic Medium Term Note Programme

ECSPONENT LIMITED
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: ECS - ISIN: ZAE000179594
Debt Issuer Codes: ECSP
(“the Company” or “Ecsponent”)

  Notes                              Series number        JSE Code                  ISIN
  Fixed Rate Notes                   4                    ECSFX4                    ZAE000275566
  Fixed Rate Notes                   5                    ECSFX5                    ZAE000275574
  Fixed Rate Notes                   6                    ECSFX6                    ZAE000275582
  Floating Rate Notes                2                    ECSFL2                    ZAE000275616
  Zero Coupon Notes                  2                    ECSZR2                    ZAE000275608

Issue of Notes under the ZAR10,000,000,000 Domestic Medium Term Note Programme

The Company is pleased to announce that the Notes summarised in the table below will be issued and listed
as detailed in the table.

                                                     Fixed Rate Notes                 Fixed Rate Notes                 Fixed Rate Notes
                                                              Series 4                         Series 5                         Series 6
  Type of issue                                             New issue                        New issue                        New issue

  Number of Notes                                                  200                           21 636                           66 388

  Nominal amount of this Tranche                               R20 000                      R2 163 600                       R6 638 800

  Issue Price per Preference Share                                R100                             R100                             R100
  Issue date                                          15 October 2019                  15 October 2019                  15 October 2019

  Interest Commencement Date                          15 October 2019                  15 October 2019                  15 October 2019

  Interest Rate                              9% per annum, payable           10% per annum, payable           12% per annum, payable
                                            monthly in arrears on the        monthly in arrears on the        monthly in arrears on the
                                              third Monday of each             third Monday of each             third Monday of each
                                                               month                            month                            month

  Implied yield                                                    N/A                              N/A                              N/A

  First interest payment date                         21 October 2019                  21 October 2019                  21 October 2019

  Interest periods                           Each period commencing           Each period commencing           Each period commencing
                                                  on (and including) an            on (and including) an            on (and including) an
                                           Interest Payment Date and        Interest Payment Date and        Interest Payment Date and
                                             ending on (but excluding)        ending on (but excluding)        ending on (but excluding)
                                                 the following Interest           the following Interest           the following Interest
                                              Payment Date; provided           Payment Date; provided           Payment Date; provided
                                          that the first Interest Period   that the first Interest Period   that the first Interest Period
                                               will commence on (and            will commence on (and            will commence on (and
                                                   include) the interest            include) the interest            include) the interest
                                            commencement date and            commencement date and            commencement date and
                                              end on (but exclude) 21          end on (but exclude) 21          end on (but exclude) 21
                                                    October 2019 (each               October 2019 (each               October 2019 (each
                                               Interest Payment Date as         Interest Payment Date as       Interest Payment Date as
                                                 adjusted in accordance           adjusted in accordance         adjusted in accordance
                                                     with the applicable              with the applicable            with the applicable
                                              Business Day Convention).        Business Day Convention).      Business Day Convention).
Any other items relating to the particular                  Actual / 365                     Actual / 365                   Actual / 365
method of calculating dividends

Redemption Record Date                                  14 October 2022                     14 October 2022            14 October 2022

Redemption Payment Date                                 17 October 2022                     17 October 2022            17 October 2022

Redemption Amount                                                    R100                             R100                        R100




                                                                   Floating Rate Notes                          Zero Coupon Notes
                                                                               Series 2                                   Series 2
Type of issue                                                                New issue                                  New issue

Number of Notes                                                                  22 230                                      27 200

Nominal amount of this Tranche                                               R2 223 000                                  R2 720 000

Issue Price per Preference Share                                                   R100                                        R100
Issue date                                                             15 October 2019                             15 October 2019

Interest Commencement Date                                             15 October 2019                                          N/A

Interest Rate                                     Prime (which as at the Issue Date is                                          N/A
                                                 10.00%) plus 1.5% per annum(nacm)
                                               payable monthly in arrears on the third
                                                              Monday of each month
Implied yield                                                                     N/A                     10.66% per annum (NACM)

First interest payment date                                            21 October 2019                                          N/A

Interest periods                                      Each period commencing on (and                                            N/A
                                              including) an Interest Payment Date and
                                               ending on (but excluding) the following
                                             Interest Payment Date; provided that the
                                                first Interest Period will commence on
                                                               (and include) the interest
                                                commencement date and end on (but
                                              exclude) 21 October 2019 (each Interest
                                              Payment Date as adjusted in accordance
                                                       with the applicable Business Day
                                                                            Convention).
Any other items relating to the particular                                   Actual / 365                               Actual / 365
method of calculating dividends

Redemption Record Date                                                 14 October 2022                             14 October 2022

Redemption Payment Date                                                17 October 2022                             17 October 2022

Redemption Amount                                                                  R100                                     R137.49
Following the listing of the additional Notes detailed in this announcement, the total amount issued under
the Domestic Medium Term Note Programme is R89 893 400.

Interest Record and Payment Dates in respect of the Notes
Declaration and finalisation announcements will be released on SENS, in compliance with Schedule 4 Form A5 of
the JSE Listings Requirements.


Other relevant information in respect of the Notes:
The Company shall be entitled to an administration fee in respect of the Notes of 0.25% per annum on the Initial
Issue Price, inclusive of VAT, payable monthly in arrears on the Monthly Interest Payment Dates, in respect of
the Fixed and Floating Rate Notes, and on redemption in respect of the Zero-Coupon Notes.
The administration fee is subject to the Value-Added Tax Act of 1991. The Company has the right to recover the
monthly administration fee, from the monthly interest on the Notes (plus the applicable VAT thereon)

For more information about this announcement or the Ecsponent group, email:
investor.relations@ecsponent.com or visit www.ecsponentlimited.com/investor-relations

14 October 2019
Pretoria

Sponsor to Ecsponent
Questco Corporate Advisory (Pty) Ltd

Date: 14/10/2019 09:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story