Group Five - Establishment of a domestic medium te
GRF
GRF
Group Five - Establishment of a domestic medium term note programme and credit
rating
GROUP FIVE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1969/000032/06)
Share code: GRF & ISIN: ZAE000027405
("Group Five" or "the company")
ESTABLISHMENT OF A DOMESTIC MEDIUM TERM NOTE PROGRAMME AND CREDIT RATING
Nedbank Capital, a division of Nedbank Limited ("Nedbank Capital") is authorised
to announce that Group Five, through its major wholly owned subsidiary Group
Five Construction (Proprietary) Limited, has established a R1 billion Domestic
Medium Term Note Programme ("DMTN Programme") to be registered on the Bond
Exchange South Africa on Thursday, 7 December 2006. The DMTN Programme is
guaranteed by Group Five. The DMTN programme will broaden the company"s ability
to access capital via the South African debt capital market. It is anticipated
that the first debut issue under the DMTN Programme will take place in the first
quarter of 2007.
Global Credit Ratings has accorded Group Five a long-term credit rating of A
(Single A) and a short-term rating of A1 (A one). The rating outlook on the
company is stable.
For any queries please contact Nedbank Capital +27 11 535-4027.
Sandton
8 December 2006
Investment Bank and Sponsor
Nedbank Capital, a division of Nedbank Limited
Legal Adviser
Deneys Reitz Incorporated
Date: 08/12/2006 08:00:12 AM Produced by the JSE SENS Department
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