GRF - Group Five - Proposed Bond Issues under a BE
GRF
GRF
GRF - Group Five - Proposed Bond Issues under a BESA Listed DMTN Programme
Group Five Limited
(Incorporated in the Republic of South Africa)
(Registration number 1969/000032/06)
Share code: GRF ISIN: ZAE000027405
("Group Five")
GROUP FIVE ROADSHOW COMMENCEMENT: PROPOSED BOND ISSUES UNDER A BESA LISTED DMTN
PROGRAMME
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 mandated Nedbank Capital to lead
manage two bond issues of up to R700m in aggregate.
The proposed issues will be issued under the BESA listed R1 billion Domestic
Medium Term Note Programme ("DMTN Programme"). The DMTN Programme is guaranteed
by Group Five. The DMTN programme will broaden Group Five`s ability to access
capital via the South African debt capital markets. A roadshow to present the
fundamentals and key features of the proposed bond issues commences today.
Global Credit Ratings has accorded Group Five a long-term credit rating of A
(Single A) and a short-term rating of A1 (Single A one). The rating outlook on
Group Five is stable.
For any queries please contact Nedbank Capital +27 11 535-4027.
Sandton
22 January 2007
Investment Bank and Sponsor
- Nedbank Capital, a division of Nedbank Limited -
Legal Adviser
- Deneys Reitz Incorporated-
Date: 23/01/2007 08:09:01 Produced by the JSE SENS Department.
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