Date: May 22, 2018
PamJam Investment Limited (PJAM) has advised that its Fixed and Floating Rate Corporate Bonds Due 2025 (the “Tranche B Global Bonds”) have been admitted, by way of Introduction, to trading on the JSE’s Bond Market as of May 21, 2018.
PJAM placed J$1,492,000,000.00 in secured, Tranche B Global Bonds during the second quarter of 2017. The Tranche B Global Bonds pay interest semi-annually on June 1st and December 1st at a fixed rate of 9.00% per annum for the first four years and a variable interest calculated at 6 month WATBY + 200 bps thereafter. Additionally, the Tranche B Global Bonds may be prepaid before maturity, at the option of the Issuer, according to rules set out in the relevant transaction documents.
PJAM further advised that on May 16, 2018 three Directors and a Senior Manager were issued Stock Grants under the PJAM Long Term Incentive Plan, totalling 1,077,487 shares.