ABL ABLP
ABL
ABL - ABIL Issues R1,05 Billion, Senior Unsecured 5-Year Bond
African Bank Investments Limited
(Incorporated in the Republic of South Africa)
(Registered bank controlling company)
(Registration number 1946/021193/06)
Ordinary share code: ABL ISIN: ZAE000030060
Preference share code: ABLP ISIN: ZAE000065215
("ABIL")
ABIL ISSUES R1,05 BILLION, SENIOR UNSECURED 5-YEAR BOND
African Bank Limited, a wholly-owned subsidiary of African Bank Investments
Limited has issued R1,05 billion senior unsecured bonds, with a coupon of 10,25%
per annum, paid semi-annually and with a redemption date of 18 June 2012 (ABL6).
The ABL6 bond will be listed on the Bond Exchange of South Africa (BESA) on 18
June 2007. The bonds were issued at a credit spread of 190bps above the
government benchmark R201 bond, or 172bps over the BEASSA 5-year risk free rate.
The bond issue was arranged and led by Nedbank Capital, a division of Nedbank
Limited, and is the sixth tranche of senior unsecured bonds under the R5 billion
domestic medium term note programme.
For further information please contact David Woollam on 011 256 9234.
Midrand
13 June 2007
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 13/06/2007 16:14:37 Produced by the JSE SENS Department.
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