THE GOVERNMENT OF THE KINGDOM OF ESWATINI - Cancellation of S605805 - New Financial Instrument Listing
What this filing means
The JSE has cancelled SENS announcement S605805, the notice that granted a listing to the Government of the Kingdom of Eswatini's ESW04 notes. The body republishes the withdrawn text verbatim — ZAR485,000,000.00 nominal, 11.655% fixed coupon, 30 October 2031 maturity, under the ZAR4,000,000,000.00 programme dated 20 November 2023 — so those terms belong to the withdrawn announcement, not to this one. The notice gives no reason for the cancellation, and no replacement announcement is published as of the cutoff.
A debt listing notice that went out yesterday has been pulled from the wire. Everything printed underneath it is the old text, not a new bond deal, so nothing in it should be read as fresh issuance. What matters is that the withdrawal is unexplained: until a replacement appears, holders and traders have no confirmed listing notice for these notes.
Bear case
- The notice withdraws the ESW04 listing announcement without stating why, and no replacement announcement is published as of the cutoff.
AI-generated summary by SENS-AI, based on the original JSE SENS filing.
SENS-AI conclusion
A withdrawal notice, not an economic event. The ESW04 terms reprinted here belong to the cancelled announcement, so nothing in this filing tells you a note was newly listed, priced or placed. The open question is procedural: whether a corrected notice follows, and whether the listing itself stands. So what: nothing changes for the issuer's credit or the notes' terms on this filing alone, but the listing status of ESW04 is unconfirmed until a replacement is published.
A replacement listing notice, if one is published, is where the confirmed terms and listing status of ESW04 will appear.
Evidence from the filing
The filing is a cancellation of the earlier ESW04 listing notice.
“Cancellation of S605805”
The republished terms belong to the withdrawn announcement, not to this notice.
“The JSE Limited has granted financial instrument listing to The Government of the Kingdom of Eswatini’s ESW04 Notes under its ZAR4,000,000,000 Medium Term Note Programme dated 20 November 2023 (the “Programme”).”
The nominal value printed is the withdrawn tranche's, not new issuance.
“Nominal Value ZAR485,000,000.00”
The coupon is fixed, as stated in the withdrawn text.
“Coupon 11.655%”
Related filings
Other Announcement Cancellation
- ABSA BANK LIMITED - Cancellation of S605774 - New Financial Instrument Listing: AMB689
- ABSA BANK LIMITED - Cancellation of S605777 - New Financial Instrument Listing: AMB690
- THE STANDARD BANK OF SOUTH AFRICA LIMITED - Cancellation of S605728 - New Financial Instrument Listing Announcement - SBC307?
- ALLAN GRAY UNIT TRUST MANAGEMENT (RF) PROPRIETARY LIMITED - Cancellation of S605564 - Change in Company Secretary
- ABSA BANK LIMITED - Cancellation of S605354 - FINAL REDEMPTION - EXPIRY OF ASN731