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GFC03 - Group Five Construction Proprietary Limited - New Financial Instrument

Release Date: 11/04/2012 14:52
Code(s): JSE
Wrap Text

GFC03 - Group Five Construction Proprietary Limited - New Financial Instrument Listing GROUP FIVE CONSTRUCTION PROPRIETARY LIMITED - "GFC03" New Financial Instrument Listing The JSE Limited has granted a listing to Group Five Construction Proprietary Limited in respect of the Senior Unsecured Floating Rate Notes due 10 April 2015 (GFC03) issued under the Group Five Construction Proprietary Limited ZAR1,000,000,000 Domestic Medium Term Note Programme. Stakeholders are reminded that Group Five Construction (Proprietary) Limited previously held bonds totalling R850 million via a R300 million 3 year bond issued in February 2007, with a repayment date of February 2010, and a R550 million 5 year bond issued in February 2007, with a repayment date of February 2012. Both bonds were settled on their respective repayment dates. The Board of Directors has previously communicated to its stakeholders that it would consider reinstating a portion of this debt to fund growth opportunities. The primary application of these funds is intended to finance equity investments in Power, Transport, Real Estate opportunities and concessions. Authorised Size R1,000,000,000.00 Total Notes in Issue R500,000,000.00 inclusive of this issuance of Notes
Bond Code GFC03 Nominal Issued R220,000,000.00 Issue Price 100% Trade Type Price Coupon Rate 7.3500%(3 month Jibar as at 4 April 2012 plus 175 bps) Coupon Rate Indicator Floating Rate Maturity Date 10 April 2015 First Interest Date 10 July 2012 Interest Dates 10 July, 10 October, 10 January and 10 April of each year until maturity date Books Close Period 30 June to 9 July, 30 September to 9 October, from 31 December to 9 January and from 31 March to 9 April (all dates inclusive) in each year until the Maturity Date Last day to register by 17h00 on 29 June, 29 September, 30 December and 30 March of each year until the Maturity Date Issue date 11 April 2012 Interest Commencement Date 11 April 2012 Business Day Convention Modified Following Business Day ISIN No. ZAG000094590 The note will be immobilised in the Central Securities Depository ("CSD") and settlement will take place electronically in terms of JSE Rules. For Further information on the Notes issued please contact: Cristina Teixeira Group Five Construction 011 806 0111 Jackie Eberle Nedbank 011 294 4519 Theola Godfrey Nedbank 011 535 4027 11 April 2012 Sponsor Nedbank Capital a division of Nedbank Limited Date: 11/04/2012 14:52:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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