| Thu 4 Oct 2018, 7:05 | | GRINDROD BANK LIMITED - Tap issue GBL04 |
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GBL04 201810040001A
Tap issue GBL04
Grindrod Bank Limited
(Incorporated in the Republic of South Africa with limited liability
under registration number 1994/007994/06)
JSE Code: GBL04
ISIN No: ZAG000151705
GBL04 Tap Issue
The JSE has granted a listing to Grindrod Bank Limited, with effect from
4 October 2018.
Authorised Programme size R 1,000,000,000.00
Total Notes Outstanding R 601,000,000.00
after this issuance
Tap Amount R 50,000,000.00
Total Amount Following Tap Issue R 236,000,000.00
Bond Code GBL04
Nominal Issued R 50,000,000.00
Issue Price 100.89935%
Coupon 10.0080% (3 Month JIBAR as at 5
September 2018 of 7.008% plus 300 bps)
Coupon Rate Indicator Floating
Trade Type Price
Final Maturity Date 5 June 2021
Books Close 23 February, 26 May, 26 August, 25
November
Interest Date(s) 5 March, 5 June, 5 September, 5 December
Last Day to Register 22 February, 25 May, 25 August, 24
November
Issue Date 4 October 2018
Date Convention Modified Following
Interest Commencement Date 5 September 2018
First Interest Date 5 September 2018
ISIN No. ZAG000151705
Additional Information Senior Unsecured Floating Rate Notes
Additional Terms and N/A
Conditions
The note will be dematerialised in the Central Securities
Depository (“CSD”) and settlement will take place electronically
in terms of JSE Rules. Further information on the Note issue
please contact:
Allister Lamont- Nedbank CIB +27 11 294 4833
Smith
Date 4th October 2018
Sponsor: Nedbank Corporate and Investment Bank, a division of
Nedbank Limited
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