| Mon 15 Oct 2018, 12:30 | | GRINDROD BANK LIMITED - Tap Issue - GBL03 - 15 October 2018 |
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GBL03 201810150042A
Tap Issue - GBL03 - 15 October 2018
Grindrod Bank Limited
(Incorporated in the Republic of South Africa with limited liability
under registration number 1994/007994/06)
JSE Code: GBL03
ISIN No: ZAG000148263
GBL03 Tap Issue
The JSE has granted a listing to Grindrod Bank Limited, with effect from
15 October 2018.
Authorised Programme size R 1,000,000,000.00
Total Notes Outstanding R 401,000,000.00
after this issuance
Tap Amount R 100,000,000.00
Total Amount Following Tap Issue R 205,000,000.00
Bond Code GBL03
Nominal Issued R 100,000,000.00
Issue Price 103.042146%
Coupon 10.008% (3 Month JIBAR as at 16 August
2018 of 7.008% plus 300 bps)
Coupon Rate Indicator Floating
Trade Type Price
Final Maturity Date 16 November 2020
Books Close Date(s) 6 February, 6 May, 6 August, 6 November
Interest Payment Date(s) 16 February, 16 May, 16 August, 16
November
Last Day to Register 5 February, 5 May, 5 August, 5 November
Issue Date 15 October 2018
Date Convention Modified Following
Interest Commencement Date 16 August 2018
First Interest Date 16 February 2018
ISIN No. ZAG000148263
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 15th October 2018
Sponsor: Nedbank Corporate and Investment Bank, a division of
Nedbank Limited
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