16 Oct 2024 (Johannesburg Stock Exchange) Grayston Drive Autos (RF) Limited, acting as the Calculation Agent, has confirmed the interest payments scheduled for the period beginning on July 22, 2024, and concluding on October 20, 2024. The payments are set to be disbursed on October 21, 2024, covering multiple bond codes under the company’s portfolio.
The bond designated as GDAA1, holding an ISIN code of ZAG000197872, carries a coupon rate of 9.608%. For the upcoming interest period, the nominal amount stands at 600.00 million rand, with an interest payment of 14.37 million rand due on the specified payment date.
Similarly, the bond identified as GDAA2, with an ISIN code of ZAG000203845, offers a coupon rate of 9.538% on a nominal amount also totaling 600.00 million rand. The interest payment for this bond is calculated at 14.27 million rand.
For bond GDAB1, which is registered with ISIN code ZAG000197880, the coupon rate is set at 9.808%. The nominal amount for this bond is 150.00 million rand, and the corresponding interest payment amounts to 3.67 million rand.
Additionally, bond GDAB2, featuring an ISIN code of ZAG000203837, bears a coupon rate of 9.738%. This bond has a nominal amount of 150.00 million rand, with an interest payment of 3.64 million rand to be made.
According to information available from the Johannesburg Stock Exchange (JSE), these transactions are part of the routine financial operations within the designated market category pertaining to fixed-income securities. The payments are anticipated to proceed on the specified date, ensuring compliance with the terms outlined for each bond.
As the interest payment date approaches, investors and stakeholders are advised to take note of the figures and prepare for the distribution on October 21, 2024.
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