| Tue 6 May 2008, 13:55 | | CPI - Capitec Bank Holdings Limited - Capitec Bank |
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CPI CPIP
CPI
CPI - Capitec Bank Holdings Limited - Capitec Bank Limited issues ZAR 360
million senior, unsecured 3-year bond
CAPITEC BANK HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registered Bank controlling company
Registration number: 1999/025903/06
Ordinary Share Code: CPI ISIN Number: ZAE000035861
Preference Share Code: CPIP ISIN Number: ZAE000083838
"CPI"
CAPITEC BANK LIMITED ISSUES ZAR 360 MILLION SENIOR, UNSECURED 3-YEAR BOND
Capitec Bank Limited, a wholly-owned subsidiary of Capitec Bank Holdings
Limited, issued a combination of fixed and floating senior unsecured bonds on 6
May 2008, with a redemption date of 6 May 2011.
The fixed rate bond, the CBL01, raised ZAR 110 million and was issued with a
coupon of 14.72% nominal annual compounding semi-annually, which equates to a
credit spread of 430 basis points above the government benchmark R153 bond.
The floating rate bond, the CBL02, raised ZAR 250 million and was issued at a
credit rate spread of 300 basis points over the 3-month JIBAR rate. The initial
rate payable will be 14.875% nominal annual compounding quarterly.
This is the debut issue by Capitec Bank Limited under a BESA listed ZAR 2
billion Domestic Medium Term Note (DMTN) programme. The bond issue was arranged
and led by Investec Capital Markets, a division of Investec Bank Limited.
The CBL01 and CBL02 bonds were listed on the Bond Exchange of South Africa
(BESA) on 6 May 2008.
For further information please contact Andre du Plessis, Financial Director, on
021 809 5905.
Sponsor
PSG Capital (Pty) Ltd
Stellenbosch
6 May 2008
Date: 06/05/2008 13:55:01 Produced by the JSE SENS Department.
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