| Wed 11 Apr 2012, 14:52 | | GFC03 - Group Five Construction Proprietary Limited - New Financial Instrument |
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GFC03 - Group Five Construction Proprietary Limited - New Financial Instrument
Listing
GROUP FIVE CONSTRUCTION PROPRIETARY LIMITED - "GFC03"
New Financial Instrument Listing
The JSE Limited has granted a listing to Group Five Construction Proprietary
Limited in respect of the Senior Unsecured Floating Rate Notes due 10 April 2015
(GFC03) issued under the Group Five Construction Proprietary Limited
ZAR1,000,000,000 Domestic Medium Term Note Programme.
Stakeholders are reminded that Group Five Construction (Proprietary) Limited
previously held bonds totalling R850 million via a R300 million 3 year bond
issued in February 2007, with a repayment date of February 2010, and a R550
million 5 year bond issued in February 2007, with a repayment date of February
2012. Both bonds were settled on their respective repayment dates. The Board of
Directors has previously communicated to its stakeholders that it would consider
reinstating a portion of this debt to fund growth opportunities. The primary
application of these funds is intended to finance equity investments in Power,
Transport, Real Estate opportunities and concessions.
Authorised Size R1,000,000,000.00
Total Notes in Issue R500,000,000.00 inclusive of this issuance of
Notes
Bond Code GFC03
Nominal Issued R220,000,000.00
Issue Price 100%
Trade Type Price
Coupon Rate 7.3500%(3 month Jibar as at 4 April 2012 plus 175
bps)
Coupon Rate Indicator Floating Rate
Maturity Date 10 April 2015
First Interest Date 10 July 2012
Interest Dates 10 July, 10 October, 10 January and 10 April of
each year until maturity date
Books Close Period 30 June to 9 July, 30 September to 9 October, from
31 December to 9 January and from 31 March to 9
April (all dates inclusive) in each year until the
Maturity Date
Last day to register by 17h00 on 29 June, 29 September, 30 December and
30 March of each year until the Maturity Date
Issue date 11 April 2012
Interest Commencement Date 11 April 2012
Business Day Convention Modified Following Business Day
ISIN No. ZAG000094590
The note will be immobilised in the Central Securities Depository ("CSD") and
settlement will take place electronically in terms of JSE Rules.
For Further information on the Notes issued please contact:
Cristina Teixeira Group Five Construction 011 806 0111
Jackie Eberle Nedbank 011 294 4519
Theola Godfrey Nedbank 011 535 4027
11 April 2012
Sponsor
Nedbank Capital a division of Nedbank Limited
Date: 11/04/2012 14:52:01 Produced by the JSE SENS Department.
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