Filed pursuant to Rule 433
April 7, 2016
Relating to Preliminary Prospectus
Supplement dated April 6, 2016 to
Registration Statement No. 333-192814
REPUBLIC OF SOUTH AFRICA
U.S.$1,250,000,000 4.875% Notes due 2026
Final Term Sheet
Issuer: | Republic of South Africa | |||
Principal Amount: | U.S.$1,250,000,000 | |||
Maturity Date: | April 14, 2026 | |||
Coupon: | 4.875% per annum (payable semi-annually in arrears) | |||
Ranking: | Unsecured | |||
Settlement Date: | April 14, 2016 (T+5) | |||
Format: | SEC-Registered Global (No. 333-192814) | |||
Interest Payment Dates: | April 14 and October 14, beginning October 14, 2016 | |||
Re-offer Price: | 98.631% | |||
Re-offer Yield: | 5.051% | |||
Benchmark Treasury: | UST 1.625% due February 15, 2026 | |||
Benchmark Treasury Price: | 99-10 | |||
Benchmark Treasury Yield: | 1.701% | |||
Re-offer Spread over Benchmark Treasury: | + 335 bps | |||
Optional Redemption: | None | |||
Day Count: | 30/360 | |||
Listing: | Luxembourg Stock Exchange | |||
Minimum Denominations: | U.S.$200,000 and integral multiples of U.S.$1,000 in excess thereof | |||
CUSIP: | 836205 AT1 | |||
ISIN: | US836205AT15 | |||
Governing Law: | New York | |||
Joint Lead Managers: | Citigroup Global Markets Inc. FirstRand Bank Limited (acting through its Rand Merchant Bank Division) The Standard Bank of South Africa Limited | |||
Co-Manager: | Investec Bank Ltd | |||
B&D: | Citigroup Global Markets Inc. | |||
Expected Ratings*: | Baa2 (Moody’s) / BBB- (S&P) / BBB- (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 atwww.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, Rand Merchant Bank, a division of FirstRand Bank Limited at +44 (0) 207 939 1731 or The Standard Bank of South Africa Limited at +1 800 741 5112.
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