Agrarius
Sukuk

First JSE-listed, sustainability-linked asset backed Sukuk in South Africa, providing investors access to the agriculture value chain

Discover Agrarius

How to invest

Investor calendar

Announcements and news

Program information

Sustainability

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Discover Agrarius

Agrarius is a R10 billion Shari’ah compliant asset backed Sukuk listed on the debt market of the JSE’s Sustainability Segment.

The investment focus is primarily on transactions in the social, green and sustainable sectors providing unique access to high quality investment opportunities in the agriculture value chain.

All transactions are based on Shari’ah law and are independently verified for sustainability against the requirements of the JSE’s sustainability segment.

Why invest in Agrarius?

  • Earn regular income and capital growth
  • Regulated, transparent and secure trading environment
  • Opportunity to invest in assets that are not easily accessible to investors
  • Uncorrelated to conventional investments
  • Invest for impact

 

Agrarius Sukuk information:

Aggregate principle amount of this Tranche:

ZAR500,000,000

SPV Guarantor:

AVC Security SPV (RF) Pty) Ltd

Nature of Security:

Limited recourse SPV Guarantee issued by the SPV Guarantor

Nominal Amount per Note:

ZAR1.00

Debt security code:

AGRIA1

ISIN:

ZAG000191214

Status of the Notes:

Senior Secured

Type of Notes:

Floating Rate, Sustainability-linked Asset-Backed Notes, self-labelled as Sukuk Notes by the Company and certified Shari’ah compliant by the 27four Investment Managers Shari’ah Advisory Committee (“SAC”)

Use of Proceeds:

The proceeds from this Tranche of Notes will be used to undertake Investments in terms of the Master Investment Agreement, within 5 Business Days of receipt by the Company of proceeds for the relevant Tranche of Notes by paying the amount of the Investment into a South African bank account nominated by Agrarius OpCo for purposes of concluding the Underlying Transactions.

The proceeds raised from the issue of the Sukuk Notes will be further applied in accordance with the Sustainability-linked Sukuk Framework 1, as signed off by the Independent Sustainability Advisor

Issue Date:

28 October 2022

Issue Price:

100% of the Nominal Amount per Sukuk Note

Term of the Notes:

36 months from Issue Date

Applicable Business Day Convention:

 

Following Business Day Convention

Maturity Date:

28 October 2025, unless redeemed on any Optional Dissolution Date and/or Early Dissolution Date. If any such date is not a Business Day, the date determined in terms of the Following Business Day Convention

Last day to register:

By 17h00 on 25 March and 24 September each year until the maturity date or, if any day is not a Business Day, the last Business Day immediately preceding the commencement of the Books Closed Period(s)

Books Closed Period:

The Register will be closed from 26 March to 30 March and from 25 September to 29 September (all dates inclusive) in each year until the Maturity Date

Periodic Distribution Commencement Date:

01 November 2022

First Periodic Distribution Date:

30 September 2023 or, if any such date is not a Business Day, the date determined in terms of the Following Business Day Convention

Periodic Distribution Dates:

31 March and 30 September of each year until the Maturity Date

Reference Rate:

3 month ZAR- JIBAR, determined on the last Calendar Day of a Calendar Month for the reference rate applicable to the following Calendar Month as benchmark using a simple rate of return (not compounding)

Margin:

4.75% percent per annum

Other:

An additional margin of 25 basis points (calculated in arrears) will be added to the Margin, in the event of the Company failing to meet any of the sustainability performance targets detailed in terms of the Sustainability-linked Sukuk Framework 1, which will accrue and become payable upon the dissolution of the Sukuk Notes

Final Dissolution Amount:

100% of the Nominal Amount per Sukuk Note

Aggregate Outstanding Principal Amount of all of the Notes (including existing Notes) in issue under the Programme as at the Issue Date

The Company confirms that the issue of this Tranche of Sukuk Notes is the first issuance under the Programme and accordingly, the Aggregate Outstanding Principal Amount immediately preceding the issue and listing of this Tranche is zero

Additional terms and conditions:

Additional terms and conditions applicable to the Underlying Transactions are included in the APS

Documentation:

Copies of the Programme Documentation, Applicable Pricing Supplement, the Sustainability-linked Sukuk Framework and SAC certificates can be accessed on the Company’ website at the following link:

Agrarius - How to invest

The Agrarius Sukuk is listed on the JSE Debt Market with the ticker AGRIA1

You can invest by trading on the Johannesburg Stock Exchange (JSE) or through an endowment policy. Steps for each are provided below:

Trade on the JSE

You would need an account with a stockbroker that is authorised to trade on the JSE Debt Market. If you don’t have a stockbroker account or your broker is not authorised to trade on the Debt Market, please contact us at agrarius@27four.com and we will assist you in opening an account with a stockbroker.

Decide how much you want to invest and deposit that amount plus a little bit extra for stockbroker fees (your stockbroker can tell you how much) into your stockbroker account.

Depending on your broker’s offering you can either place the bid online by looking for the ticker AGRIA1 or calling in to place your bid.

You will see the current market price on screen or the broker will provide it to you.

You can then place a bid at the current market rate or decide to offer a slightly higher or lower bid.

Keep in mind the profit participation rate pay-out is based on R1.

Assuming the current market price is R1, you can decide to offer R1.10 for 1000 Sukuk. Someone looking to sell their Sukuk might then decide to accept your bid and then sell their 1000 Sukuk.

This happens automatically and you will receive the 1000 Sukuk in your broker account and the broker would transfer R1100 from your account to the seller’s broker account.

It is as simple as that; you have then successfully purchased 1000 Sukuk.

Invest through an endowment policy

Download the application form along with the product terms and conditions.

Application form

Terms and conditions

Follow the steps provided in the application form and submit this along with supporting documents to retirement@prescient.co.za

Why invest into Agrarius via an Endowment Policy through 27four Life Limited?

  • Offers you a tax-efficient way to save. The endowment policy is an ideal savings investment vehicle for investors with a marginal tax rate of 30% and higher.
  • Allows you to create liquidity in your estate – your beneficiaries may be paid out straight away on your death instead of the investment being included in your estate when you die (and potentially held up by any delays in finalising the estate).
  • Enables your beneficiaries to save on executor fees.
  • Offers you transparent and easy access to invest in the agriculture sector.

 

Where will my money be invested?

Throughout the agriculture value chain: Raw materials, Input providers, Farms, Local market/exported, Agri-processing, Wholesaler, Retailer and Consumer


Who is Agrarius suited for?

  • Diversification: Investors looking for exposure across the agriculture value chain, which includes agriculture infrastructure.
  • Capital preservation: Investors looking for a low-risk portfolio of diversified, asset backed debt investments.
  • Impact investing: Genuine impact investing into the systemically important agricultural sector, including in rural areas. All investments undergo independent assessment of impact against a set criteria throughout the investment life cycle.
  • Shari’ah compliant alternatives: For investors that have limited alternative investment opportunities that meet regulatory and listing requirements.

Agrarius investor calendar

Quarter one

  • 31 January – Investor report for quarter ending 31 December 2022
  • 31 March – Financial year end of Agrariu Sustainability Engineered

 

Quarter two

  • 31 April – Investor report for quarter ending 31 March 2022

 

Quarter three

  • 31 July – Investor report for quarter ending 30 June 2023
  • 24 September – Last day to register for participation in profit share payout of AGRIA1
  • 30 September – First profit share payment of Sukuk AGRIA1

 

Quarter four

  • 31 October – Investor report for quarter ending 30 September 2022

Agrarius announcements and news

Sens announcements
Announcement
Date

14 November 2023

1 February 2024

Agrarius Program information

Agrarius Sustainability

Agrarius - Historical Pricing