GRINDROD BANK LIMITED - Grindrod Bank Ltd: GBL02 Tap Issue

Grindrod Bank Ltd: GBL02 Tap Issue

Grindrod Bank Limited Reg no 1994/007994/06

Incorporated in the Republic of South Africa

JSE Code: GBL02

ISIN No:    ZAG000130352

Tap Issue of note GBL02

The JSE Limited has granted a listing to Grindrod Bank Limited on the
Interest rate market with effect from 2 June 2017 under their
Domestic Medium-term Note Programme dated 18 September 2012.

INSTRUMENT TYPE:              Senior Unsecured Floating Rate Notes

Authorised Programme size     R1 000,000,000.00

Total notes issued(incl)      R260,000,000.00

Bond code                     GBL02

Nominal issued                R100,000,000.00

Trade type                    Price

Issue Price                   101.57538

Tap Issue Date                2 June 2017

Reference rate                3 month Jibar

Coupon                        220bps added to the reference rate

Maturity date                 15 October 2018

Interest commencement date    15 October 2015

Interest dates                15 January, 15 April, 15 July and
                              15 October

Books closed period           5 January, 5 April, 5 July and
                              5 October

Last day to register          by 17h00 on 4 January, 4 April, 4 July, and
                              4 October
ISIN                          ZAG000130352

Dealer                        Nedbank CIB



The Notes will be immobilized in the Central Depository (“CSD”) and
settlement will take place electronically in terms of JSE Rules.



Date 2 June 2017

Sponsor: Nedbank Corporate and Investment Bank (CIB), a division of
Nedbank Limited (“Nedbank”)

Date: 02/06/2017 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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