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Grindrod Bank Limited - New Financial Instrument Listing Announcement

Release Date: 15/10/2012 16:20
Code(s): GNDI     PDF:  
Wrap Text
New Financial Instrument Listing Announcement

Grindrod Bank Limited – GBL01

New Financial Instrument Listing Announcement

Stock Code:    GBL01
ISIN Code:     ZAG000100561


The JSE Limited has granted a listing to Grindrod Bank Limited
– GBL01 under its DMTN Programme dated 18 September 2012.

Authorised Size                 R1,000,000,000.00
Total Notes in Issue            R500,000,000.00
                                (inclusive of this
                                issuance of Notes)


  Bond Code                      GBL01
  Nominal Issued                 R500,000,000.00
  Coupon                         6.8750%    (3month JIBAR as at
                                 October     2012  of  5.0750% +
                                 180bps)
  Issue Price                    100%
  Trade Type                     Price
  Coupon Rate Indicator          Floating
  Maturity Date                  15 October 2015
  Interest Dates                 15 January, 15 April, 15 July a
                                 15 October in each year until t
                                 maturity date
  Books Close                    5 January, 5 April, 5 July and
                                 October in each year until t
                                 Maturity Date
  Last day to register           By 17:00 on 4 January, 4 April,
                                 July and 4 October
  First Settlement Date          15 October 2012
  ISIN No.                       ZAG000100561
  Business Date Convention       Modified Following
  Joint Lead Arrangers           Nedbank Capital, a division
                                 Nedbank Limited and Grindrod
                                 Bank Limited.
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:

Gareth Stobie            Grindrod Bank            011 459 1866
Kim Hertzberger          Grindrod Bank            031 333 6671
Wayne Frank              Nedbank Capital          011 535 4027

15th October 2012
Sponsor
Nedbank Capital a division of Nedbank Limited, an Authorised
Financial Services Provider.

Date: 15 October 2012 16:00 Produced by the JSE SENS
Department. The SENS service is an information dissemination
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warrant or in any way guarantee the truth, accuracy or
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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.

Date: 15/10/2012 04:20:00 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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