Barloworld Limited R 1,5 billion debut bond issue
Barloworld Limited
(Registration number 1918/000095/06)
ISIN Code: ZAE000026639
JSE Code: BAW
(`Barloworld`)
Barloworld Limited R 1,5 billion debut bond issue
Diversified industrial company, Barloworld Limited today launched a R1,5 billion
bond due 29 July 2011. Barloworld`s debut issue, was placed with a wide spread
of domestic institutional investors. `We are very pleased with the level of
interest shown and the credit spread achieved on our inaugural bond,` says Clive
Thomson, Barloworld`s Finance Director. Orders for the bond totaled R4,5
billion. The proceeds of the bond will be used to re-finance short term debt in
South Africa.
The bond was launched at R153 plus a spread of 112 bps. The bond pays a fixed
semi-annual coupon of 10.70 %.
The bond, listed on the Bond Exchange of South Africa, was placed by lead
manager Standard Bank.
Details of the bond issue are:
- Issue Date: 22 July 2003
- Settlement Date: 29 July 2011
- Bond Exchange Code: BAW1
- Nominal: R 1,5 billion
- Maturity Date: 29 July 2011
- Coupon: Fixed at 10.70%
- Status: Senior unsecured
- Covenants: Negative pledge and cross default
- Law: South African
- Denominations: R1 million
- Lead Manager: The Standard Bank of South Africa Limited
For further information on Barloworld visit www.barloworld.com or contact Mark
Drewell
Telephone: (011) 445 1204
Email: invest@barloworld.com
Date: 22/07/2004 05:40:11 PM Produced by the JSE SENS Department
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