Bidvest : BID16 BID17 - Listing of New Financial Instruments
June 23, 2022 at 06:05 am EDT
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Bidvestco Limited
(Incorporated in the Republic of South Africa) (Registration No. 1966/011512/06) Company code: BIBIDV
LEI: 3789004678BDF4374378
Bond code: BID16
ISIN: ZAG000187253
Bond code: BID17
ISIN: ZAG000187170
("Bidvestco")
LISTING OF NEW FINANCIAL INSTRUMENTS
The JSE Limited has granted Bidvestco the listing of its BID16 and BID17 Senior Unsecured Floating Rate Notes, in terms of its Domestic Medium Term Note and Commercial Paper Programme ("the Programme") dated 6 April 2021, as guaranteed by The Bidvest Group Limited, effective 24 June 2022.
Debt Security Code:
BID16
ISIN:
ZAG000187253
Nominal Issued:
ZAR 456 000 000.00
Coupon Rate:
3 Month JIBAR plus 120 basis points
Maturity Date:
24 June 2025
Debt Security Code:
BID17
ISIN:
ZAG000187170
Nominal Issued:
ZAR 626 000 000.00
Coupon Rate:
3 Month JIBAR plus 139 basis points
Maturity Date:
24 June 2027
Type of Debt Security:
Floating Rate Notes
Issue Date:
24 June 2022
Issue Price:
100%
Interest Commencement Date:
24 June 2022
Interest Determination Date(s):
The first Business Day of each Interest Period, with the first
Interest Determination Date being 21 June 2022
First Interest Payment Date:
24 September 2022
Interest Payment Date(s):
24 September, 24 December, 24 March and 24 June of each year
until the Redemption Date
Last Day to Register:
By 17h00 on 13 September, 13 December, 13 March and 13 June
in each year until the Redemption Date
Books Close:
14 September, 14 December, 14 March and 14 June in each year
until the Redemption Date
Final Maturity Amount:
100% of the Principal Amount
Business Day Convention:
Following Business Day
Other:
The pricing supplements do not contain additional terms and
conditions or changes to the terms and conditions as contained in
the Programme
Summary of Additional Terms:
Not Applicable
Programme Amount:
ZAR 12 000 000 000.00
Total Notes in Issue Under Programme:
ZAR 4 364 000 000.00, exclusive of these issuances of Notes
Dealer:
Absa Bank Limited, acting through its Corporate and Investment
Banking division
23 June 2022
Debt Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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Disclaimer
The Bidvest Group Limited published this content on 23 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 June 2022 10:04:09 UTC.
The Bidvest Group Limited is a diverse group. Net sales (before intragroup) break down by activity as follows:
- integrated facilities management services (31.3%): facilities management, security services, travel management, airlines, etc.;
- sales of cars (23.6%): activity carried out, at the end of June 2021, with more than 100 car dealers;
- distribution of equipment and office supplies (19.3%);
- manufacturing and trading of industrial equipment and consumer products (15.2%): industrial tools, lifting and handling equipment, agricultural machinery, hardware equipment, household appliances, leisure equipment and accessories, kitchen utensils, household products, electronic equipment, etc.;
- port handling services (6.6%);
- financial services (2.8%);
- other (4.8%): mainly environmental and tourism services, real estate asset management and share acquisition activity.
South Africa accounts for 83.1% of net sales.
THE BIDVEST GROUP LIMITED 
