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Tap issue listing - GDAA2
Grayston Drive Autos (RF) Limited
(Registration Number 2018/315240/06)
(Incorporated in South Africa with limited liability)
JSE Code: GRDI
("The Company")
Tap issue listing – GDAA2
The JSE Limited has granted a tap issue listing to GRAYSTON DRIVE AUTOS (RF) LIMITED on the
Interest Rate Market with effect from 27 March 2024.
INSTRUMENT TYPE: Senior Secured Floating Rate Notes
Debt security code GDAA2
Nominal Issued R120,000,000.00
Redemption amount Notes are redeemed in accordance with the Terms
and Conditions of the Notes and in accordance with
the applicable Priority of Payments
Issue price 100.31180%
Reference Rate 8.25381% for the first Interest Period and
thereafter, 3 Month JIBAR
Initial Rate 1.23% from the Issue date to (but excluding)
the Step-up Date
1.38% from the Step-up Date to (but excluding)
the Final Redemption Date
Scheduled Maturity Date/ Step-up Date 20 July 2028
Final Redemption Date 20 July 2038
Books Close Date The Register will be closed during the period from
16 October to 20 October, from 16 January to 20
January, from 16 April to 20 April and from 16 July
to 20 July (both days inclusive) of each calendar
year
Interest Payment Date(s) 20 October, 20 January, 20 April and 20 July (as
determined in accordance with the applicable
Business Day Convention)
Rate Determination Date The Interest Commencement Date and each
Interest Payment Date up to (but excluding) the
Final Redemption Date
Last Day to Register By 17h00 on the Business Day immediately
preceding the first day of a Book Closed Date
Issue Date 27 March 2024
Date Convention Following Business Day
Interest Commencement Date 27 March 2024
First Interest Payment Date 20 April 2024
ISIN No. ZAG000203845
Additional Information Secured Class A2 Notes
Aggregate Outstanding Principal Amount of R1,200,000,000
Notes in issue on the Issue Date of this
Tranche, excluding any Tranche of Notes to be
redeemed or refinanced on the Issue Date of
this Tranche
The Pricing Supplement contains additional terms and conditions, guarantees or changes to the terms and
conditions as contained in the programme documents. These terms consist of a Cash Trigger Event at
which point the Issuer shall redeem the Notes in each Class pro rata in accordance with the Pre-
Enforcement Priority of Payments.
Investors should study the Applicable Pricing Supplement for full details of the terms and conditions
applicable to these Notes.
27 March 2024
Debt Sponsor:
Investec Bank Limited
Date: 26-03-2024 01:40:00
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