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JD Group issued R1bn bond

JD Group has successfully completed issued its debut bond worth R1bn.

7 Nov 2012

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.

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za