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JD Group raises R1bn in corporate bond issuance

JD Group has successfully completed its debut bond issuance for R1 billion.

2 Nov 2012

The notes were issued off JD Group Limited's recently registered R8 billion note programme with the JSE Interest Rate Market.

The corporate bond issuance‚ which was over-subscribed‚ comprised a R1 billion 3-year floating-rate note (code JDG01) with a credit spread of 1.83% over the 3 month Jibar rate‚ which is currently 5.075%.

"We committed to the market that we would launch our debut debt capital market issuance towards the end of this year.

"We are pleased to confirm that we have issued a benchmark size bond of R1 billion effective 30 October 2012.

The credit spread was also at the low end of the pricing guidance provided to the market ahead of the auction." says Ian Thompson‚ Director- Finance and Corporate Affairs at JD Group.

Rand Merchant Bank and Standard Bank acted as joint lead arrangers on this issuance.

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