GRINDROD BANK LIMITED - New Financial Instrument Listing Announcement: GBL04

New Financial Instrument Listing Announcement: GBL04

Grindrod Bank Limited
(Incorporated in the Republic of South Africa with limited liability
under registration number 1994/007994/06)


JSE Code:        GBL04
ISIN No:         ZAG000151705


New Financial Instrument Listing Announcement: GBL04

The JSE Limited has granted a listing to Grindrod Bank Limited –
“GBL04”) under its DMTN programme dated 18 September 2012.


Authorised Programme size       R 1,000,000,000.00
Total Notes Outstanding         R   551,000,000.00
after this issuance



INSTRUMENT TYPE:                FLOATING RATE NOTE

Bond Code
Nominal Issued              R 186,000,000.00
Issue Price                 100%
Coupon                      9.908% (3 Month JIBAR as at 31 May
                            2018 of 6.908% plus 300 bps)
Coupon Rate Indicator       Floating
Trade Type                  Price
Final Maturity Date         5 June 2021
Books Close Dates           23 February, 26 May, 26 August, 25
                            November
Interest Payment Date(s)    5 March, 5 June, 5 September, 5
                            December
Last Day to Register        By 17:00 on 22 February, 25 May, 25
                            August, 24 November
Issue Date                  5 June 2018
Date Convention             Modified Following
Interest Commencement Date  5 June 2018
First Interest Payment Date 5 September 2018
ISIN No:                    ZAG000151705
Additional Information      Senior Unsecured Floating Rate Notes
Additional Terms and        None
conditions


Applicable Pricing Supplement:
https://www.jse.co.za/content/JSEPricingSupplementsItems/2014/Bond
Documents/GBL04%20Pricing%20Supplement%2020180605.pdf


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 4th June 2018

Sponsor: Nedbank Corporate and Investment Bank, a division of
Nedbank Limited




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