BIHLEB Bondholders to Receive ZAR 74.8 Million in Interest Payment

Bond Issues
  • Bondholders of BIHLEB’s ZAR 3 billion 5% Senior Unsecured Exchangeable Bonds to receive ZAR 74.8 million in interest payment.
  • Interest payment covers the period from 5 December 2022 to 4 June 2023.
  • Bonds will commence trading ex-interest from 31 May 2023 until 2 June 2023.

Bondholders of the Issuer’s ZAR 3 billion 5% Senior Unsecured Exchangeable Bonds due 3 December 2024 (“Bonds”) have been notified about an upcoming interest payment. The interest amount due, totaling ZAR 74,755,197.72, will be paid on 5 June 2023 for the interest period spanning from 5 December 2022 to 4 June 2023 (both days inclusive).

In an announcement made by BIHLEB, a wholly-owned subsidiary of investment holding company Brait PLC, bondholders have been informed about an upcoming interest payment for the ZAR 3 billion 5% Senior Unsecured Exchangeable Bonds. The interest payment, totaling ZAR 74,755,197.72, is scheduled to be paid on 5 June 2023.

The Bonds, which are dual-listed on the Main Board of the JSE Limited (“JSE”) and the Official Market of the Stock Exchange of Mauritius (“SEM”), have garnered attention from investors seeking to participate in BIHLEB’s growth and success.

The interest payment will cover the period from 5 December 2022 to 4 June 2023, inclusive of both days. Bondholders can expect to receive approximately ZAR 24.93 for every ZAR 1,000.00 Bond held.

BIHLEB has also announced that the Bonds will commence trading ex-interest from the commencement of business on Wednesday, 31 May 2023, until the close of trade on Friday, 2 June 2023. This means that starting from 31 May 2023, the Bonds will no longer carry the entitlement to the upcoming interest payment.

To facilitate the smooth transaction of the interest payment, the record date has been set as Friday, 2 June 2023. Bondholders who hold the Bonds on this date will be eligible to receive the interest payment on the designated payment date, Monday, 5 June 2023.

The JSE Debt Sponsor for BIHLEB is Rand Merchant Bank, a division of FirstRand Bank Limited, while Perigeum Capital Ltd serves as the SEM Authorized Representative and Sponsor. Bondholders are advised to reach out to their respective brokers or financial advisors for more information regarding the interest payment and trading of the Bonds.

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