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Grayston Drive Autos Announces Upcoming Bond Interest Payments
Grayston Drive Autos (RF) Limited has revealed that it will be making interest payments on its bonds on 22 July 2024. These payments are associated with four distinct bond issues, each identified by unique bond codes and ISIN codes. The company has provided detailed information about the coupon rates, nominal amounts, and corresponding interest payments for each of these bonds.
Breakdown of the Bond Issues
The first bond in the list is GDAA1, which carries an ISIN code of ZAG000197872. This bond has a coupon rate of 9.658%. The nominal amount for this bond is 600.00 million rand, resulting in an interest payment of 14,447,309.59 rand. This represents a significant portion of the total payments scheduled for the day.
The second bond, GDAA2, has an ISIN code of ZAG000203845. It offers a slightly lower coupon rate of 9.588%, but still holds the same nominal amount of 600.00 million rand. The interest payment for this bond comes to 14,342,597.27 rand. Both GDAA1 and GDAA2 are part of the same series, indicating a structured approach to managing the company’s debt obligations.
In addition to these two bonds, there are two more issued under different codes: GDAB1 and GDAB2. GDAB1 has an ISIN code of ZAG000197880 and a coupon rate of 9.858%. Its nominal amount is 150.00 million rand, leading to an interest payment of 3,686,621.92 rand. Similarly, GDAB2, with an ISIN code of ZAG000203837, features a coupon rate of 9.788% and a nominal value of 150.00 million rand. The interest payment for this bond is 3,660,443.84 rand.
These figures highlight the company’s consistent financial commitments and its ability to meet its obligations as they come due. The JSE, where these bonds are listed, serves as a key reference point for investors and market participants looking to track such developments.
Market Category and Financial Activities
The market category for these bonds remains unchanged from previous issuances by the company. This consistency suggests that Grayston Drive Autos (RF) Limited continues to operate within a stable and recognized framework in the financial market. The scheduled interest payments reflect the company’s ongoing efforts to manage its bond obligations effectively.
By maintaining regular communication with investors and providing transparent details about its financial activities, the company reinforces trust and confidence among stakeholders. This proactive approach is essential in ensuring continued support from the investment community.
Conclusion
The upcoming interest payments by Grayston Drive Autos (RF) Limited demonstrate the company’s commitment to fulfilling its financial responsibilities. With multiple bond issues set to be paid, the company shows a clear understanding of its obligations and the importance of maintaining a strong financial position. As the market watches closely, these developments serve as a testament to the company’s reliability and long-term planning.
