Enhanced Investments - Financial Portal

SL18 and SL19 - New Financial Instruments Listing

Published: 2023-10-05 08:05:42 ET

SANLAM LIFE INSURANCE LIMITED
Registration number 1998/021121/06
Bond Code: SLI8
ISIN No: ZAG000199290
Bond Code: SLI9
ISIN No: ZAG000199308

NEW FINANCIAL INSTRUMENTS LISTING

The JSE Limited has granted financial instrument listings to SANLAM LIFE INSURANCE LIMITED, “SLI8”
and “SLI9” notes under its Unsecured Subordinated Note Programme dated 4 August 2021.

INSTRUMENT TYPES:                          FLOATING RATE NOTES

Authorised Programme size                  R6,000,000,000.00
Total Notes in Issue                       R2,000,000,000.00 (excluding these notes)

Full Note details are as follows:
Bond Code                                  SLI8
ISIN No.                                   ZAG000199290
Nominal Issued                             R972,000,000.00
Issue Price                                100%
Coupon Rate                                3 Month JIBAR plus 134 bps
Coupon Rate Indicator                      Floating
Trade Type                                 Price
Final Maturity Date                        05 April 2029
Last Day to Register                       By 17h00 on 25 December, 25 March, 24 June and
                                           24 September, or if such day is not a Business Day, the
                                           Business Day before each Books Closed Period, in each
                                           year until Maturity Date
Books Close                                The Register will be closed from 26 December to
                                           04 January, 26 March to 04 April, 25 June to 04 July and
                                           25 September to 04 October (all dates inclusive) in each
                                           year until the Maturity Date (all dates inclusive), or if any
                                           early redemption occurs, 10 Days prior to actual Redemption
                                           Date
Interest Payment Dates                     05 January, 05 April, 05 July and 05 October, of each year
                                           until the Maturity Date
First Interest Payment Date                05 January 2024
Interest Commencement Date                 05 October 2023
Issue Date                                 05 October 2023
Date Convention                            Following Business Day

Full Note details are as follows:
Bond Code                                  SLI9
ISIN No.                                   ZAG000199308
Nominal Issued                             R1,028,000,000.00
Issue Price                                100%
Coupon Rate                                3 Month JIBAR plus 150 bps
Coupon Rate Indicator                         Floating
Trade Type                                    Price
Final Maturity Date                           05 October 2030
Last Day to Register                          By 17h00 on 25 December, 25 March, 24 June and
                                              24 September, or if such day is not a Business Day, the
                                              Business Day before each Books Closed Period, in each
                                              year until Maturity Date
Books Close                                   The Register will be closed from 26 December to
                                              04 January, 26 March to 04 April, 25 June to 04 July and
                                              25 September to 04 October (all dates inclusive) in each
                                              year until the Maturity Date (all dates inclusive), or if any
                                              early redemption occurs, 10 Days prior to actual Redemption
                                              Date
Interest Payment Dates                        05 January, 05 April, 05 July and 05 October, of each year
                                              until the Maturity Date
First Interest Payment Date                   05 January 2024
Interest Commencement Date                    05 October 2023
Issue Date                                    05 October 2023
Date Convention                               Following Business Day

5 October 2023

Debt Sponsor
Absa Bank Limited (acting through its Corporate and Investment Bank division)

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.