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August 3 2007

R1.5 billion debut corporate bond issue for Bidvest

On Wednesday, August 1 2007, The Bidvest Group Limited successfully listed a R1.5 billion, seven (7) year, corporate bond.

This was the Group's debut on the corporate bond market. There was strong demand for the issuance, which was well oversubscribed.

Rand Merchant Bank (RMB) was the sole arranger and manager for the issue.

The bond cleared at 145 basis points over the benchmark government rate of R201.

Enquiries

Rand Merchant Bank
Barry Martin
Office: +27 (11) 282 8118
Mobile: +27 (82) 376 6921
Email: barry.martin@rmb.co.za