Market Notice
Date: 10 May 2010
LISTINGS BULLETIN
Subject: Tap Issue
(The South African National Roads Agency Limited – “HWAY20, HWAY23 & HWAY34”)
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The JSE Limited has granted a listing toTheSouth African National Roads Agency Limited,HWAY20, HWAY23 HWAY34, Senior Notes guaranteed by the Government of the Republic of South Africa, under their Domestic Medium Term Note Programme dated 30 July 2009,effective from 10 May 2010 first settlement date.
Authorised Programme Size: R31,910,000,000.00
Total Notes in Issue:R 7,343,000,000.00
Additional listing Total amount in issue following additional issue
R 226,000,000.00R 4,977,000,000.00
Full bond details are as follows –
Bond CodeHWAY20
Nominal IssuedZAR226,000,000
Coupon9.75%
Trade Type Yield - to - maturity
Coupon Rate Indicator Fixed
Maturity Date31 July 2020
Interest Commencement Date31 January 2010
First Interest Date31 July 2010
Interest Dates31 January and 31 July until maturity date
Books Close21 January and 21July until maturity date
Last day to registerBy 17:00 on 20 January and 20 July
Issue Price105.63424
Settlement Date 10 May 2010
ISIN No.ZAG000070301
Credit RatingAa2.za (Moody’s national scale)
Additional listing Total amount in issue following additional issue
R 55,000,000.00R 382,000,000.00
Full bond details are as follows –
Bond CodeHWAY23
Nominal IssuedR55,000,000.00
Coupon5.5%
Trade TypeYield -to-maturity
Maturity Date7 December 2023
Interest Commencement Date7 December 2009
First Interest Date7 June 2010
Interest Dates7 June and 7 December until maturity date
Books Close28 May and 27 November until maturity date
Last day to registerBy 17:00 on 27 May and 26 November
Issue Price212.89991
Settlement Date 10 May 2010
Base CPI65.0504032258062
ISIN No.ZAG000075862
Credit RatingAa2.za (Moody’s national scale)
Additional listing Total amount in issue following additional issue
R 125,000,000.00 R 1,984,000,000.00
Full bond details are as follows –
Bond CodeHWAY34
Nominal IssuedZAR125,000,000
Coupon9.25%
Trade Type Yield -to-maturity
Coupon Rate Indicator Fixed
Maturity Date31 July 2034
Interest Commencement Date31 January 2010
First Interest Date31 July 2010
Interest Dates31 January and 31 July until maturity date
Books Close21 January and 21July until maturity date
Last day to registerBy 17:00 on 20 January and 20 July
Issue Price100.42696
Settlement Date 10 May 2010
ISIN No.ZAG000070319
Credit RatingAa2.za (Moody’s national scale)
Co-Lead ArrangerAbsa Capital, a division of Absa Bank Limited
FirstRand Bank Limited, acting through it’s Rand Merchant Bank division.
Vunani Capital (Proprietary) Limited
DealersAbsa Capital, a division of Absa Bank Limited, and
FirstRand Bank Limited, acting through its Rand Merchant Bank division.
The note will be immobilised in the Central Securities Depository (“CSD”) and settlement will take place electronically in terms of JSE Rules.
Further information on the HWAY20, HWAY23 & HWAY34 Note issue please contact:
Ms Zenelle StofbergAbsa Capital (011) 895 7041
Ms G E RaineRand Merchant Bank (011) 282 8124
Mr N AlliThe South African National Roads Agency Limited - (012) 426 6001
Charmaine PetersenJSE (011) 520 7783
Kgalalelo RakateJSE (011) 520 7792
Diboko LedwabaJSE (011) 520 7222
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