| Wed 11 Apr 2012, 14:53 | | GFC04 - Group Five Construction Proprietary Limited - New Financial Instrument |
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GFC04 - Group Five Construction Proprietary Limited - New Financial Instrument
Listing
GROUP FIVE CONSTRUCTION PROPRIETARY LIMITED - "GFC04"
New Financial Instrument Listing
The JSE Limited has granted a listing to Group Five Construction Proprietary
Limited in respect of the 9,4850% Senior Unsecured Fixed Rate Notes due 11 April
2017 (GFC04) 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 GFC04
Nominal Issued R280,000,000.00
Issue Price 100%
Trade Type Price
Coupon Rate 9,4850%
Coupon Rate Indicator Fixed Rate
Maturity Date 11 April 2017
First Interest Date 11 October 2012
Interest Date 11 October and 11 April
Books Close Period by 17h00 on 1 October to 10 October and from
1 April to 10 April of each year until the
Maturity Date
Last day to register by 17h00 on 30 September and 31 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. ZAG000094608
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 14:53:13 Produced by the JSE SENS Department.
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