Calgro M3 Holdings Secures Listing for Floating Rate Notes on Johannesburg Stock Exchange

Strategic Insights -

Calgro M3 Holdings Limited has made a significant move in the financial markets by securing a listing for its CGR61 Senior Unsecured Floating Rate Notes on the Johannesburg Stock Exchange (JSE) Interest Rate Market. This listing, which went into effect on June 27, 2025, is part of the company's ongoing Debt Programme, established on May 7, 2021. With a total programme size of ZAR2.00 billion, Calgro M3 Holdings has issued ZAR418.00 million in notes, including the latest ZAR50 million issuance.

Key Takeaways:

  • The listing is part of Calgro M3 Holdings' ongoing Debt Programme, which was established on May 7, 2021, with a total programme size of ZAR2.00 billion.
  • The company has issued ZAR418.00 million in notes through this programme, including the latest ZAR50 million issuance.
  • The CGR61 Senior Unsecured Floating Rate Notes have a nominal amount of ZAR50 million, with an issue price of 100%.
  • The notes have a coupon rate calculated as the 3-month ZAR-JIBAR plus 3.90%, as specified in the applicable pricing supplement.
  • The final maturity date for these notes is set for June 27, 2028, with interest payments scheduled for March 27, June 27, September 27, and December 27 each year.
  • The notes are classified as senior unsecured and will be dematerialised in the Central Securities Depository, ensuring electronic settlement pursuant to JSE rules.

Statistics:

  • Total programme size: ZAR2.00 billion
  • Total notes issued: ZAR418.00 million
  • Nominal amount of latest issuance: ZAR50 million
  • Issue price: 100.00%
  • Coupon rate: 3-month ZAR-JIBAR plus 3.90%
  • Final maturity date: June 27, 2028
  • Interest payment dates: March 27, June 27, September 27, and December 27 each year

Sources:

  • Johannesburg Stock Exchange (JSE)
  • Calgro M3 Holdings Limited