The notes were issued off JD Group recently registered R8bn note programme with the JSE Interest Rate Market.
The corporate bond ‚ which was over-subscribed‚ comprised a R1bn three-year floating-rate note (code JDG01) with a credit spread of 1.83% over the three-month Jibar rate‚ which is currently 5.075%.
"We told the market we would launch our debut debt capital market issuance towards the end of this year and pleased to confirm that a benchmark bond of R1bn has been issued," Ian Thompson, director of finance and corporate affairs at JD Group said.
"The credit spread was at the low end of the pricing guidance provided to the market ahead of the auction," he added.
Rand Merchant Bank and Standard Bank acted as joint lead arrangers for the bond.
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