|
JSE ASA ABSP
ABSP AMAGB
ASA / ABSP - Absa Group / Absa Bank - Absa Bank Limited Raises Euro 600
Million In The European Capital Markets
ABSA GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1986/003934/06)
ISIN: ZAE000067237
JSE share code: ASA
Issuer code: AMAGB
(Absa Group)
ABSA BANK LIMITED
Incorporated in the Republic of South Africa)
(Registration number: 1986/004794/06)
ISIN: ZAE000079810
JSE share code: ABSP
(Absa Bank)
Absa Bank Limited raises Euro 600 million in the European capital markets
Investors are referred to Absa Group and Absa Bank`s announcement dated 14
June 2007 relating to Absa Bank`s listing of its Euro medium-term note (EMTN)
programme on the London Stock Exchange.
South African based Absa Bank, a wholly owned subsidiary of Absa Group and
member of the international Barclays Group, successfully raised Euro 600
million in its inaugural senior unsecured note issue. The notes were issued
under its EMTN programme listed on the London Stock Exchange.
Absa Bank had initially planned to raise Euro 500 million but increased the
issue size to Euro 600 million following strong demand for the notes across
Europe. Having increased the issue size, the success of the issue was clearly
evident in the fact that the allotted notes were 1,55 times over subscribed.
In addition, the Euro 600 million issue was widely placed across 14 countries,
with 49 investors at a spread of 40bp over the 3 month Euribor.
Absa Bank which established the Euro 2 billion programme as part of its
overall strategy of diversifying its funding base, plans to establish a
benchmark curve in the European markets with further issues under the
programme.
Barclays Capital was the book runner and lead manager with DZ Bank AG and Bank
of Montreal, London acting as co-lead manager and co-manager respectively.
Johannesburg
6 July 2007
Enquiries
Carel Gronum
Group treasurer: Capital Management
Tel: (+2711) 350 8995;
e-mail: carelg@absa.co.za
Issued by:
Peter Steyn
Head: Investor Relations
Absa Group Limited
4th floor, Absa Towers East, 170 Main Street, Johannesburg
Tel: (+2711) 350-8261 Fax: (+2711) 350-6487
e-mail: peterst@absa.co.za
Sponsor:
Merrill Lynch South Africa (Proprietary) Limited
Date: 06/07/2007 14:46:38 Produced by the JSE SENS Department.
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