THE SOUTH AFRICAN NATIONAL ROADS AGENCY LIMITED

Similar documents
THE SOUTH AFRICAN NATIONAL ROADS AGENCY LIMITED (Registration number 1998/009584/06)

THE SOUTH AFRICAN NATIONAL ROADS AGENCY LIMITED (Registration number 1998/009584/06)

THE SOUTH AFRICAN NATIONAL ROADS AGENCY LIMITED THE GOVERNMENT OF THE REPUBLIC OF SOUTH AFRICA

TRANSNET LIMITED (Registration number 1990/000900/06) (Incorporated with limited liability in the Republic of South Africa)

ESKOM HOLDINGS SOC LIMITED

FIRSTRAND BANK LIMITED (Incorporated in the Republic of South Africa with limited liability under registration number 1929/001225/06) (the Issuer )

FIRSTRAND BANK LIMITED (Incorporated in the Republic of South Africa with limited liability under registration number 1929/001225/06) (the Issuer )

FIRSTRAND BANK LIMITED (Incorporated in the Republic of South Africa with limited liability under registration number 1929/001225/06) (the Issuer )

APPLICABLE PRICING SUPPLEMENT. FIRSTRAND BANK LIMITED (Registration Number 1929/001225/06) (incorporated with limited liability in South Africa)

Issue of ZAR10,000,000 FRS81 Under its ZAR30,000,000,000 Note Programme

OLD MUTUAL LIFE ASSURANCE COMPANY (SOUTH AFRICA) LIMITED

FIRSTRAND BANK LIMITED (Incorporated in the Republic of South Africa with limited liability under registration number 1929/001225/06) (the Issuer )

Issue of ZAR40,000, FRS98 Under its ZAR30,000,000,000 Note Programme

APPLICABLE PRICING SUPPLEMENT. FIRSTRAND BANK LIMITED (Registration Number 1929/001225/06) (incorporated with limited liability in South Africa)

Issue of ZAR7,000,000 FRS152 Under its ZAR30,000,000,000 Note Programme

DESCRIPTION OF THE NOTES. Whether the Notes are Senior Notes or Subordinated. Senior Unsecured

MERCEDES-BENZ SOUTH AFRICA LIMITED (Pretoria, Republic of South Africa) as Issuer unconditionally and irrevocably guaranteed by

NORTHAM PLATINUM LIMITED (Incorporated in the Republic of South Africa with limited liability under registration number 1977/003282/06)

BNP PARIBAS PERSONAL FINANCE SOUTH AFRICA LIMITED. (Formerly RCS Investment Holdings Limited) RCS CARDS PROPRIETARY LIMITED BNP PARIBAS

APPLICABLE PRICING SUPPLEMENT

(Registration Number 1929/001225/06) (incorporated with limited liability in South Africa)

APPLICABLE PRICING SUPPLEMENT. FIRSTRAND BANK LIMITED (Registration Number 1929/001225/06) (incorporated with limited liability in South Africa)

Issue of ZAR 2,564,523 Currency Linked Notes with Scheduled Termination Date of 19 July Under its ZAR30,000,000,000 Note Programme

unconditionally and irrevocably, guaranteed by

SUPPLEMENTARY PRICING DOCUMENT

SUPPLEMENTARY PRICING DOCUMENT. (incorporated in the Republic of South Africa) (Registration number 2007/010612/06 (the Issuer )

APPLICABLE PRICING SUPPLEMENT

NOTE PRICING SUPPLEMENT

STEINHOFF SERVICES LIMITED (Incorporated in the Republic of South Africa with limited liability under registration number 1983/006201/06)

PRICING SUPPLEMENT GENERAL DESCRIPTION OF THE NOTES. (b) Tranche Number Issuer FirstRand Bank Limited. 2. Status of Notes Senior Unsecured Notes

MERCEDES-BENZ SOUTH AFRICA LIMITED (Pretoria, Republic of South Africa) as Issuer unconditionally and irrevocably guaranteed by

Unconditionally and irrevocably guaranteed by

ZAR1,000,000 and 450

Corporate and Investment Banking. Applicable Pricing Supplement

The Standard Bank of South Africa Limited

OLD MUTUAL LIFE ASSURANCE COMPANY (SOUTH AFRICA) LIMITED

8. Nominal Amount per Note: ZAR1,000, Specified Denomination and number of Notes: ZAR1,000,000 and 100

Issue of ZAR 19,802,997 Senior Unsecured 8.15% Fixed Rate Notes due 5 March 2019

8. Nominal Amount per Note: ZAR1,000, Specified Denomination and number of Notes: ZAR1,000,000 and 25 Notes

DENEL SOC LTD (Incorporated in the Republic of South Africa with limited liability under registration number 1992/001337/30)

(a) Series: ZAR35,216,950 means the ZAR equivalent, on 6 May 2016 of

Issue of ZAR11,000,000 Unsecured Zero Coupon Notes

PRO FORMA PRICING SUPPLEMENT OF THE UNSUBORDINATED NOTES, TIER 2 NOTES AND TIER 3 NOTES

ANGLO AMERICAN SA FINANCE LIMITED (Incorporated in the Republic of South Africa, Registration number 2003/015144/06)

BG CVH/ /TRANSNET DMTN/PROGRAMME MEMORANDUM_EXECUTION GENERAL

GROUP FIVE LIMITED (Incorporated in the Republic of South Africa with limited liability under Registration Number 1969/000032/06)

ZAR2,000,000,000 Note Programme

PRICING SUPPLEMENT. 1. Specified Currency: South African Rand ("ZAR") 4. Issue Date: 16th September 2005

PPC LTD (Incorporated in the Republic of South Africa with limited liability under registration number 1892/000667/06)

DRAFT. The Standard Bank of South Africa Limited. (Incorporated with limited liability in South Africa under registration number 1962/000738/06)

Final Terms dated April 25,2016 PART A - CONTRACTUAL TERMS

APPLICABLE PRICING SUPPLEMENT

RCS INVESTMENT HOLDINGS LIMITED RCS CARDS PROPRIETARY LIMITED BNP PARIBAS. ZAR10,000,000,000 Domestic Medium Term Note Programme

PRICING SUPPLEMENT. 1. Specified Currency: South African Rand ("ZAR") 4. Issue Date: 14th January 2005

GROWTHPOINT PROPERTIES LIMITED (Incorporated with limited liability in the Republic of South Africa under registration number 1987/004988/06)

Guaranteed by ZAR2,000,000,000. Domestic Medium Term Note Programme

APPLICABLE PRICING SUPPLEMENT ABSA BANK LIMITED

THE STANDARD BANK OF SOUTH AFRICA LIMITED

ZAR5,000,000,000 Domestic Medium Term Note Programme

APPLICABLE PRICING SUPPLEMENT TIER 2 REGULATORY CAPITAL NOTES

ZAR Domestic Medium Term Note Programme

FIRSTRAND BANK LIMITED (Registration Number 1929/001225/06) (incorporated with limited liability in South Africa)

ZAR4,400,000,000 Asset Backed Note Programme

PRICING SUPPLEMENT FUBON BANK (HONG KONG) LIMITED

1. (i) Series Number: 3600 (ii) Tranche Number: 1 Date on which the Notes will be consolidated and form a single Series: Not Applicable

PRICING SUPPLEMENT. 10 August 2006

AMENDED AND RESTATED APPLICABLE PRICING SUPPLEMENT PPC LTD

PRICING SUPPLEMENT. 1. Specified Currency: South African Rand ("ZAR") being the lawful currency

FINAL TERMS. Final Terms dated 12 August 2016 Shell International Finance B.V., with corporate seat in The Hague Guaranteed by.

ABN AMRO Bank N.V. Issue of EUR 150,000,000 Fixed Rate Notes due 25 November 2027 (the "Notes")

Corporate and Investment Banking Applicable Pricing Supplement

PRICING SUPPLEMENT. 1. Specified Currency: South African Rand ("ZAR") 27th August 2004

This document constitutes the Applicable Pricing Supplement relating to the issue of Notes described in this Applicable Pricing Supplement.

PRICING SUPPLEMENT. Bank Austria Aktiengesellschaft

Term Sheet. Stellar Capital Partners Limited

the issue of notes (the "Notes") thereunder from time to time. Pursuant to the

FINAL TERMS. ABN AMRO Bank N.V. Issue of GBP 450,000, per cent. Senior Unsecured Fixed Rate Notes due June 2022 (the "Notes")

Final Terms dated July 17, ROYAL BANK OF CANADA (a Canadian chartered bank) (the Issuer )

Santander Consumer Finance, S.A. Issue of EUR 55,000, per cent. Notes due November 2020

Pricing Supplement dated 10 October 2012

Notes issued pursuant to these Final Terms are Securities to be listed under listing Rule 17. HSBC Bank plc

HSBC Bank plc. Programme for the Issuance of Notes and Warrants Issue of. USD 43,000,000 Callable Accreting Notes. due August 2032

RIKSHEM AB (PUBL) Issue of EUR 28,000, per cent. Notes due 27 October under the EUR 2,000,000,000 Euro Medium Term Note Programme

Santander Consumer Finance, S.A. Issue of EUR 50,000, per cent. Notes due 04 October 2021

FINAL TERMS. 12 November 2012 PART A CONTRACTUAL TERMS. Not Applicable. 5. Issue Price: per cent. of the Aggregate Nominal Amount.

Final Terms. EUROPEAN INVESTMENT BANK Debt Issuance Programme. Issue Number: 2129/0300

Issue of EUR 125,000, per cent. Senior Unsecured Fixed Rate Notes due November 2020 (the "Notes")

Pricing Supplement dated 15 April 2016 DBS GROUP HOLDINGS LTD. Issue of HK$1,500,000, per cent. Subordinated Notes due 2026

DBS GROUP HOLDINGS LTD. Issue of RMB950,000, per cent. Subordinated Notes due 2028 (the Notes)

Pricing Supplement. LEGAL & GENERAL GROUP Plc

FINAL TERMS. Not Applicable

ROYAL BANK OF CANADA

HSBC Bank plc. Programme for the Issuance of Notes and Warrants Issue of. ZMW 50,000,000 Dual Currency Fixed Rate Notes due October 2019

PROGRAMME MEMORANDUM TRANSSEC PROPRIETARY LIMITED (TO BE RENAMED TRANSSEC (RF) LIMITED)

ABN AMRO Bank N.V. Issue of 50,000, per cent. Senior Unsecured Fixed Rate Notes due July 2019 (the "Notes")

FINAL TERMS PART A - CONTRACTUAL TERMS. 1. Issuer: Banco Bilbao Vizcaya Argentaria, S.A. (a) Series: EUR 1,500,000,000. (b) Tranche: EUR 1,500,000,000

UNITED OVERSEAS BANK LIMITED (incorporated with limited liability in the Republic of Singapore) (Company Registration Number Z)

The Pricing Supplement. DRESDNER BANK AKTIENGESELLSCHAFT Frankfurt am Main

FINAL TERMS PART A - CONTRACTUAL TERMS. 1. Issuer: Banco Bilbao Vizcaya Argentaria, S.A. (a) Series: EUR 1,000,000,000. (b) Tranche: EUR 1,000,000,000

FINAL TERMS DATED 9th July, 2015

Transcription:

THE SOUTH AFRICAN NATIONAL ROADS AGENCY LIMITED (Registration number 1998/009584/06) (Established and incorporated as a public company under The South African National Roads Agency and National Roads Act, 1998) Issue of ZAR 75,000,000.00 12.25% Senior Unsecured Fixed Rate Notes due 30 November 2028 Under its ZAR15 000 000 000 Domestic Medium Term Note Programme This document constitutes the Applicable Pricing Supplement relating to the issue of Notes described herein. Terms used herein shall be deemed to be defined as such for the purposes of the Terms and Conditions set forth in the amended Programme Memorandum dated 25 February 2011. This Applicable Pricing Supplement must be read in conjunction with such Programme Memorandum. To the extent that there is any conflict or inconsistency between the contents of this Applicable Pricing Supplement and the Programme Memorandum, the provisions of this Applicable Pricing Supplement shall prevail. To the extent that certain provisions of the Applicable Pricing Supplement do not apply to the Notes described herein, they may be deleted in this Applicable Pricing Supplement or indicated to be not applicable. DESCRIPTION OF THE NOTES 1. Issuer The South African National Roads Agency 2. Status of Notes Senior Unsecured 3. (a) Tranche Number (b) Series Number 4. Aggregate Principal Amount ZAR 75,000,000.00 5. Interest/Payment Basis Fixed Rate 6. Form of Notes Registered Notes 7. Automatic/Optional Conversion from one Interest/Payment Basis to another 3 1 8. Issue Date 11 April 2011 9. Business Centre Johannesburg 10. Additional Business Centre 11. Specified Denomination Notes are subject to a minimum denomination of ZAR1 000 000 12. Issue Price 123.50023 13. Interest Commencement Date 30 November 2010

Page 2 14. Redemption Date 30 November 2028 15. Specified Currency ZAR 16. Applicable Business Day Convention Following Business Day 17. Calculation Agent Absa Capital, a division of Absa Bank 18. Paying Agent Absa Capital, a division of Absa Bank 19. Specified office of the Paying Agent 15 Alice Lane, Sandton 20. Transfer Agent South African National Road Agency 21. Final Redemption Amount 100% FIXED RATE NOTES 22. (a) Fixed Interest Rate(s) 12.25% per annum payable semi-annually in arrear (b) Interest Payment Date(s) 31 May and 30 November (c) Initial Broken Amount (d) Final Broken Amount (e) Any other terms relating to the particular method of calculating interest Issue Price of the Notes will be cum interest and interest will start accruing on the Interest Commencement Date, being 30 November 2010. PROVISIONS REGARDING REDEMPTION/ MATURITY 23. Issuer s Optional Redemption: if yes: No (a) Optional Redemption Date(s) (b) (c) (d) Optional Redemption Amount(s) and method, if any, of calculation of such amount(s) Minimum Period of Notice (if different to Condition 9.3) If redeemable in part: Minimum Redemption Amount(s) Higher Redemption Amount(s) (e) Other terms applicable on Redemption 24. Redemption at the option of the Noteholders: if yes: No (a) Optional Redemption Date(s) (b) Optional Redemption Amount(s) and method, if any, of calculation of such

Page 3 (c) (d) amount(s) Minimum period of notice (if different to Condition 9.3) If redeemable in part: Minimum Redemption Amount(s) Higher Redemption Amount(s) (e) Other terms applicable on Redemption (f) Attach pro forma put notice(s) 25. Early Redemption Amount(s) payable on redemption for taxation reasons or on Event of Default GENERAL 26. Additional selling restrictions No 27. (a) International Securities Numbering (ISIN) ZAG000055997 (b) Stock Code NRA028 28. Financial Exchange JSE, being such other financial exchange on which the Notes may be listed or in terms of any law 29. If syndicated, names of managers Absa Capital, a division of Absa Bank and FirstRand Bank acting through its Rand Merchant Bank division 30. Credit Rating assigned to Notes or the Issuer as at the Issue Date (if any) 31. Governing law (if the laws of South Africa are not applicable) The Issuer has been assigned a rating of Aa2.za/P1.za on a notional scale by Moody's Investors Service South Africa (Proprietary) 32. Use of proceeds The net proceeds from the issue of the Notes will be applied by the Issuer for the funding of its Toll Business 33. Last Day to Register By 17h000 on 20 May and 19 November which shall mean that the Register will be closed from each Last Day to Register to the next applicable Payment Day or 10 days prior to the actual redemption date 34. Books Closed Period The Register will be closed from 21 May to 31 May and from 20 November to 30 November (all dates inclusive) in each year until the Redemption Date 35. Stabilisation Manager(s) (if any) Absa Capital, a division of Absa Bank and FirstRand Bank, acting through its Rand Merchant Bank division 36. Stabilisation Stabilisation will be invoked by the Stabilisation Managers in connection with

Page 4 DISCLOSURE REQUIREMENTS IN TERMS OF PARAGRAPH 3(5) OF THE COMMERCIAL PAPER REGULATIONS 37. Paragraph 3(5)(a) The ultimate borrower is the Issuer. the issue and distribution of the Notes. Such stabilisation shall be carried out in accordance with Applicable Procedures. 38. Paragraph 3(5)(b) The Issuer is a going concern and can in all circumstances be reasonably expected to meet its commitments under the Notes. 39. Paragraph 3(5)(c) The auditor of the Issuer is the Auditor General 40. Paragraph 3(5)(d) As at the date of this issue: (i) (ii) the Issuer has not issued any; and to the best of the Issuer's knowledge and belief, the Issuer estimates to issue (excluding this issue) ZAR1 500 000 000 of commercial paper during the current financial year, ending 31 March 2012. 41. Paragraph 3(5)(e) Prospective investors in the Notes are to consider this Applicable Pricing Supplement, the Programme Memorandum and the documents and information incorporated therein by reference in order to ascertain the nature of the financial and commercial risks of an investment in the Notes. In addition, prospective investors in the Notes are to consider the latest audited financial statements of the Issuer which are incorporated into the Programme Memorandum by reference and which accompany this document or may be requested from the Issuer. 42. Paragraph 3(5)(f) There has been no material adverse change in the Issuer's financial position since the date of its last audited financial statements. 43. Paragraph 3(5)(g)

Page 5 The Notes issued will be listed. 44. Paragraph 3(5)(h) The funds to be raised through the issue of the Notes are to be used by the Issuer for Toll Business (including the Gauteng Freeway Improvement Scheme). 45. Paragraph 3(5)(i) The obligations of the Issuer in respect of the Notes are unsecured. 46. Paragraph 3(5)(j) The Auditor General, the statutory auditor of the Issuer, has confirmed that nothing has come to its attention to indicate that this issue of Notes issued under the Programme will not comply in all respects with the relevant provisions of the Commercial Paper Regulations. Application is hereby made to list this issue of Notes on 11 April 2011. SIGNED at Johannesburg this 8 th day of April 2011. For and on behalf of THE SOUTH AFRICAN NATIONAL ROADS AGENCY LIMITED Name : Name : Capacity : N Alli who warrants his/her authority hereto Capacity : A Donaldson who warrants his/her authority hereto