ABL / ABLP - African Bank Investments Limited - ABIL Issues R1billion, Senior
ABL ABLP
ABL
ABL / ABLP - African Bank Investments Limited - ABIL Issues R1billion, 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 R1BILLION, SENIOR UNSECURED 5-YEAR BOND
African Bank Limited, a wholly-owned subsidiary of African Bank Investments
Limited has issued R1 billion senior unsecured bonds, with a coupon of 11,85%
per annum, paid semi-annually and with a redemption date of 18 February 2013
(ABL7).
The ABL7 bond will be listed on the Bond Exchange of South Africa (BESA) on 18
February 2008. The bonds were issued at a credit spread of 305bps above the
government benchmark R201 bond, or 293bps 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 seventh 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 or Nga
Kugotsi (Group Treasurer) on 011 256 9242.
Midrand
14 February 2008
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 14/02/2008 16:00:03 Produced by the JSE SENS Department.
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