Filed pursuant to Rule 433
September 19, 2017
Relating to Preliminary Prospectus Supplement dated September 19, 2017 to Registration Statement No. 333-216978
REPUBLIC OF SOUTH AFRICA
U.S.$1,000,000,000 4.850% Notes due 2027 (the “2027 Notes”)
U.S.$1,500,000,000 5.650% Notes due 2047 (the “2047 Notes”)
Final Term Sheet
Issuer: | Republic of South Africa |
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Securities | 2027 Notes: U.S.$1,000,000,000 4.850% Notes due 2027 |
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Principal Amount: | 2027 Notes: U.S.$1,000,000,000 |
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Maturity Date: | 2027 Notes: September 27, 2027 |
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Coupon: | 2027 Notes: 4.850% per annum (payable semi-annually in arrears) |
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Ranking: | Unsecured |
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Settlement Date: | September 27, 2017 (T+6) |
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Format: | SEC-Registered Global (No. 333-216978) |
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Interest Payment Dates: | March 27 and September 27, beginning March 27, 2018 |
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Re-offer Price: | 2027 Notes: 100.000% |
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Re-offer Yield: | 2027 Notes: 4.850% |
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Benchmark Treasury: | 2027 Notes: UST 2.250% due August 15, 2027 |
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Benchmark Treasury Price: | 2027 Notes: 100-01+ |
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Benchmark Treasury Yield: | 2027 Notes: 2.245% |
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Re-offer Spread over Benchmark Treasury: | 2027 Notes: +260.5 bps |
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Optional Redemption: | None |
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Day Count: | 30/360 |
Listing: | Luxembourg Stock Exchange |
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Minimum Denominations: | U.S.$200,000 and integral multiples of U.S.$1,000 in excess thereof |
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CUSIP: | 2027 Notes: 836205AW4 |
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ISIN: | 2027 Notes: US836205AW44 |
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Governing Law: | New York |
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Joint Bookrunners: | Citigroup Global Markets Inc. |
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Co-Lead Manager: | Absa Bank Ltd |
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B&D: | HSBC Bank plc |
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Ratings of the Republic of South Africa:* | Baa3 (Moody’s) / BB+ (S&P) / BB+ (Fitch) |
*Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
The Issuer has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the Issuer has filed with the SEC, including the Preliminary Prospectus Supplement to which this communication relates, for more complete information about the Issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the Issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Citigroup Global Markets Inc. at +1 (800) 831-9146, Deutsche Bank AG, London Branch at +1 (800) 503-4611, HSBC Bank plc at +1 (866) 811-8049 or Nedbank Ltd at +27 (0) 11 294 4481.
ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.