Page 240 - Capricorn IAR 2020

GLOSSARY OF TERMS ANNUAL FINANCIAL GLOSSARY OF TERMS STATEMENTS
NOTES TO THE CONSOLIDATED AND SEPARATE ANNUAL FINANCIAL STATEMENTS (continued)
for the year ended 30 June 2020
26. DEBT SECURITIES IN ISSUE (continued)
Debt instruments
Debentures
Various funds administered by Capricorn Asset Management (Pty) Ltd
Capricorn Investment Holdings Ltd Government Institutions Pension Fund (GIPF)
Total debt securities in issue at the end of the year
Listed debt securities Unlisted debt securities
26.1 Five-year callable bonds
Group
2020 N$’000
404,373
101,153
505,766
1,011,292
5,642,291
3,379,012
2,263,279
5,642,291
Interest rate
3 mth JIBAR + 195bps 3 mth JIBAR + 235bps
3 mth JIBAR + 235bps
Maturity date
30-Apr-20 31-Dec-27
31-Jan-30
Notes
26.4 26.4
26.4
2019 N$’000
406,088 101,511
– 507,599
5,670,974
3,920,561 1,750,413
5,670,974
The five-year callable bond BW25, issued on 15 August 2015, interest is paid semi-annually in February and August of each year. This bond qualifies as Tier II capital for the Group. BW 25 was issued under Bank Windhoek’s Medium Term Note Programme,
a programme registered with the Johannesburg and Namibian Stock Exchanges.
The five-year callable bond issued by Bank Gaborone bear interest at Bank of Botswana Certificate rate plus 1.6% per annum for the first five years plus a stepped up margin of 2.1% thereafter and mature on 31 October 2021. Interest is paid quarterly in arrears. The debt is guaranteed by the shareholder of reference, Capricorn Investment Holdings Ltd.
26.2 Senior debt – unsecured
New debt securities issued in the current year includes BWFI23 and BWJI24.
Interest on CGL001, BWJj19, BWZj19, BWZ20A, BWJi20, BWJl21G, BWZj21, BWJd21, BWZ21B, BWJH22, BWJK22, BWZJ23, BWJI24, BWJ1e27 and BWJ2e27 is paid quarterly. Interest on BWFj18, BWFd19 and BWFH22 are paid semi-annually on 25 April and 25 October, while interest on BWFh19 is paid semi-annually on 22 February and 22 August, and BWFI23 is paid semi-annually on 30 March and 30 September. Interest on BWRj21 is paid semi-annually on 15 April and 15 October, while interest on BWFk22 is paid semi-annually on 21 May and 21 November.
The instruments mentioned above are under Bank Windhoek’s Medium Term Note Programme, a programme registered with the Johannesburg and Namibian Stock Exchanges.
CGL001 mentioned above is under the Capricorn Group Medium Term Note Programme, a programme registered with the Johannesburg, Botswana and Namibian Stock Exchanges. Interest is paid quarterly on 8 January, 8 April, 8 July and 8 October.
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