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Financial instrument listing – GDAB4
Grayston Drive Autos (RF) Limited
(Registration Number 2018/315240/06)
(Incorporated in South Africa with limited liability)
JSE Code: GRDI
("The Company")
Financial instrument listing – GDAB4
The JSE Limited has granted a listing to GRAYSTON DRIVE AUTOS (RF) LIMITED on the Interest Rate
Market with effect from 12 March 2025.
INSTRUMENT TYPE: Senior Secured Floating Rate Notes
Debt security code GDAB4
Nominal Issued ZAR150,000,000.00
Issue Price 100.00%
Issue Date 12 March 2025
Coupon Rate Reference Rate plus Margin
Reference Rate One-Month JIBAR for the first Interest Period and
thereafter, Three Month JIBAR
Margin 1.05% per annum from the Issue date to (but
excluding) the Step-up Date
1.35% per annum 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 Closed Period The Register will be closed during the period from
15 October (including) to 20 October (excluding),
from 15 January (including) to 20 January
(excluding), from 15 April (including) to 20 April
(excluding) and from 15 July (including) to 20 July
(excluding) of each calendar year
Last Day to Register By 17h00 on the Business Day immediately
preceding the first day of a Books Closed Period
Interest Payment Date(s) 20 January, 20 April, 20 July and 20 October of
each calendar year or if such day is not a Business
Day, the Business Day on which the interest will be
paid, as determined in accordance with the
applicable Business Day Convention (as specified
in item 9 of this Applicable Pricing Supplement),
provided that the first Interest Payment Date shall
be 20 April 2025.
Rate Determination Date The Interest Commencement Date and each
Interest Payment Date up to (but excluding) the
Final Redemption Date
Date Convention Following Business Day
Interest Commencement Date 12 March 2025
ISIN No. ZAG000213224
Additional Information Secured Class B4 Notes
Aggregate Outstanding Principal Amount of ZAR3,000,000,000
Notes in issue on the Issue Date of this
Tranche, including the GDAB4 Tranche of
Notes to be issued on the Issue Date
The Pricing Supplement contains additional terms and conditions, guarantees or changes to the terms and
conditions as contained in the programme documents.
Investors should study the Applicable Pricing Supplement for full details of the terms and conditions
applicable to these Notes.
11 March 2025
Debt Sponsor:
Investec Bank Limited
Date: 11-03-2025 03:30:00
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