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GRAYSTON DRIVE AUTOS (RF) LIMITED - Financial instrument listing GDAB4

Release Date: 11/03/2025 15:30
Code(s): GDAB4     PDF:  
Wrap Text
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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