GRINDROD BANK LIMITED - New Financial Instrument Listing Announcement: GBL03

New Financial Instrument Listing Announcement: GBL03

Grindrod Bank Limited
(Registration no 1994/007994/06)
Incorporated in the Republic of South Africa
JSE Code: GBL03
ISIN No: ZAG000148263

New Financial Instrument Listing Announcement: GBL03

The JSE Limited has granted a listing to Grindrod Bank Limited on the
Interest rate market with effect from 16 November 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

Bond Code                     GBL03
Nominal Issued                R 105,000,000.00
Issue Price                   100%
Coupon                        10.067% (3 Month JIBAR as at 16
                              November 2017 of 7.067% plus 300 bps)
Coupon Rate Indicator         Floating
Trade Type                    Price
Final Maturity Date           16 November 2020
Books Close Date(s)           6 February, 6 May, 6 August, 6 November
Interest Payment Date(s)      16 February, 16 May, 16 August, 16
                              November
Last Day to Register          By 17:00 on 5 February, 5 May, 5
                              August, 5 November
Issue Date                    16 November 2017
Date Convention               Modified Following
Interest Commencement Date    16 November 2017
First Interest Payment Date   16 February 2018
ISIN No.                      ZAG000148263
Additional Information        Senior Unsecured Floating Rate Notes

Applicable Pricing Supplement:
https://www.jse.co.za/content/JSEPricingSupplementsItems/2014/BondDoc
uments/GBL03%20Pricing%20Supplement%2020171116.pdf

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


Date 16 November 2017
Sponsor: Nedbank Corporate and Investment Bank (CIB), a division of
Nedbank Limited (“Nedbank”)

Date: 16/11/2017 10:29:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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