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Listing of new financial instrument - RN2036
REPUBLIC OF SOUTH AFRICA
Department of National Treasury
Issuer code: BIRSA
Bond code: RN2036 ISIN: ZAG000224973
("National Treasury")
LISTING OF NEW FINANCIAL INSTRUMENT – RN2036
The JSE Limited ("JSE") has granted approval for the listing of Unsecured Floating Rate Notes
("Notes") under series RN2036, issued in terms of the Republic of South Africa's Domestic Multi
Term Note Programme Memorandum dated 9 September 2019, as updated, supplemented and/or
amended from time to time ("Programme Memorandum"), with effect from 11 May 2026.
Any capitalised terms in this announcement shall have the same meanings ascribed thereto in the
section of the Programme Memorandum entitled "Terms and Conditions of the Notes".
The details pertaining to the issue of the RN2036 Notes are as follows:
Instrument Code: RN2036
International Securities Identification ZAG000224973
Number (ISIN):
Instrument Type: Floating Rate Notes
Nominal Amount: ZAR3,975,000,000.00
Issue Date: 11 May 2026
Issue Price: 100%
Margin: 96 basis points to be added to the relevant
Reference Rate
Reference Rate (including relevant Compounded Daily ZARONIA (as defined in, and
period by reference to which the determined in accordance with the provisions of
Interest Rate is to be calculated): Schedule 1 of the Applicable Pricing Supplement
("APS") (Screen Rate Determination for Floating Rate
Notes referencing Compounded Daily ZARONIA
(Lookback Without Observation Shift))
Interest Rate Determination Date(s) or The 5th (fifth) Johannesburg Business Day (as defined
Reset Date(s): in Schedule 1 (Screen Rate Determination for
Floating Rate Notes referencing Compounded Daily
ZARONIA (Lookback Without Observation Shift))
prior to each Interest Payment Date
Observation Method: Lookback Without Observation Shift
Lookback Period: 5 (five) Business Days
Interest Commencement Date: 11 May 2026
Interest Payment Date(s): 30 June, 30 September, 31 December and 31 March
in each year, up to and including the Maturity Date, or
if such a day is not a Business Day, the Business Day
on which the interest will be paid, as determined in
accordance with the applicable Business Day
Convention (as specified in the APS), with the first
Interest Payment Date being 30 June 2026
Business Day Convention: Modified Following Business Day
Last Day to Register: By 17h00 on 29 June, 29 September, 30 December
and 30 March of each calendar year until the
Maturity Date or if such day is not a Business Day, the
Business Day immediately preceding each Interest
Payment Date
Books Closed Period: N/A
Maturity Date: 31 March 2036
Final Redemption Amount: 100% of nominal issued
Total Notes in Issue as at 6 May 2026: ZAR4,344,993,269,946.39 (excluding this issuance of
RN2036 Notes)
Other: For the purposes of the Tranche of Notes to which the
APS applies, a new Condition 6.12
(Benchmark Discontinuation) as set out in Schedule 2
of the APS (Benchmark Discontinuation) shall be
inserted into the "Terms and Conditions of the Notes"
Additional Risk Factors: The Risk Factors set out in Schedule 3 of the APS
(Additional Risk Factors Relating to ZARONIA) apply
to the Tranche of Notes to which the APS relates.
Prospective investors should ensure that they have
read Schedule 3 of the APS (Additional Risk Factors
Relating to ZARONIA) together with the detailed
information set out, or incorporated by reference in, in
the Programme Memorandum to reach their own
views prior to making any investment decision
The APS is available on the National Treasury's website:
https://investor.treasury.gov.za/Debt%20Operations%20and%20Data/Auction%20Related%20Inf
ormation/Terms%20and%20conditions%20of%20issue/Floating-rate%20bonds/
The Notes will be dematerialised in the Central Securities Depository (CSD) and settlement will
take place electronically in terms of the JSE rules.
For further enquiries contact:
T Bomela-Msomi
Director: Treasury Funding and Liquidity
012 315 5753 / +27 66 289 2492
Pretoria
8 May 2026
Debt Sponsor
One Capital
Date: 08-05-2026 12:15:00
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