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THE BIDVEST GROUP LIMITED - Voluntary announcement: Inaugural US$-Denominated REG S/144A Senior Unsecured Benchmark Offering

Release Date: 10/09/2021 12:43
Code(s): BVT     PDF:  
Wrap Text
Voluntary announcement: Inaugural US$-Denominated REG S/144A Senior Unsecured Benchmark Offering

THE BIDVEST GROUP LIMITED
(“Bidvest” or “The Group”)
(Incorporated in the Republic of South Africa)
(Registration number 1946/021180/06)
JSE Share code: BVT
ISIN: ZAE000117321

VOLUNTARY ANNOUNCEMENT: INAUGURAL US$-DENOMINATED REG S / 144A SENIOR UNSECURED BENCHMARK OFFERING

Bidvest, a leading B2B services, trading and distribution group listed on the Johannesburg Stock Exchange, rated
Ba2 (Negative outlook) by Moody’s and expected to be rated BB (Stable outlook) by Fitch, has mandated BofA
Securities, Barclays, BNP Paribas, Citi, alongside Absa, Rand Merchant Bank and Standard Bank as Joint
Bookrunners to arrange a Global Investor Call at 14:00 UK / 9:00 NY on Monday, 13 September 2021, and a
series of fixed income investor calls commencing on the same day.

An inaugural US$-denominated Reg S / 144A senior unsecured benchmark offering with 5NC2 maturity is
expected to follow, subject to market conditions. The Notes, issued by The Bidvest Group (UK) Plc, will be
guaranteed by its parent Bidvest and are expected to be rated Ba2 by Moody’s and BB by Fitch. FCA/ICMA
stabilisation applies.

Date: 10 September 2021

Johannesburg
Sponsor: Investec Bank Limited


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES. This announcement is not
an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent
registration or an exemption from registration under the Securities Act of 1933, as amended (the "Securities
Act"). Any securities mentioned herein have not been and will not be registered under the Securities Act, and no
public offering will be made in the United States.

Date: 10-09-2021 12:43:00
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