GF Securities announces bond interest payments and tax details

GF Securities Co., Ltd. announced upcoming interest payments for its 2024 perpetual subordinated bonds (tranche II) and two tranches of 2022 subordinated bonds. The "24 GF Y2" perpetual bonds will pay interest for the period November 14, 2024, to November 13, 2025, on November 14, 2025, at a coupon rate of 2.50%. Each ZAR 1,000 bond will pay ZAR 25.00 (tax inclusive).

Additionally, the "22 GF C3" and "22 GF C4" tranches of 2022 subordinated bonds will also make payments on November 14, 2025. "22 GF C3" bonds will pay interest and principal for the period November 14, 2024, to November 13, 2025, with a coupon rate of 2.86%, amounting to ZAR 1,028.60 per ZAR 1,000 bond (tax inclusive). "22 GF C4" bonds will pay interest for the same period at a coupon rate of 3.20%, with each ZAR 1,000 bond yielding ZAR 32.00 (tax inclusive).

The record date for all payments is November 13, 2025. Individual investors are subject to a 20% income tax withholding, while non-resident enterprises (including QFII and RQFII) are generally exempt from corporate income tax for interest earned between November 7, 2018, and December 31, 2025.